LiveRamp Holdings, Inc. (NYSE:RAMP) Stock Has Consensus Target Price of $40.21

Key Points

• LiveRamp has a consensus “Hold” rating from eight analysts, with six holds and two buys; the average 12-month price target is $40.21.
• Institutional investors own 93.83% of the company, with BlackRock adding a stake worth approximately $381.3 million during the second quarter.
• LiveRamp exceeded quarterly expectations, reporting adjusted EPS of $0.65 versus the $0.58 estimate and revenue of $213.99 million, up 9.9% year over year.

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) have been assigned a consensus rating of "Hold" from the eight research firms that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $40.21.

A number of equities research analysts have weighed in on RAMP shares. DA Davidson reaffirmed a "neutral" rating on shares of LiveRamp in a report on Tuesday, August 11th. Weiss Ratings raised LiveRamp from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th.

Institutional Trading of LiveRamp

Several large investors have recently bought and sold shares of RAMP. BlackRock Inc. bought a new stake in LiveRamp during the 2nd quarter worth $381,301,000. Jupiter Topco LLC acquired a new position in LiveRamp in the 2nd quarter worth about $45,420,000. Hsbc Holdings PLC bought a new position in LiveRamp in the second quarter valued at about $25,058,000. Assenagon Asset Management S.A. bought a new position in LiveRamp in the second quarter valued at about $21,862,000. Finally, OMERS ADMINISTRATION Corp bought a new position in LiveRamp in the second quarter valued at about $20,209,000. 93.83% of the stock is owned by institutional investors and hedge funds.

LiveRamp Trading Up 2.0%

NYSE RAMP opened at $38.18 on Tuesday. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 15.65 and a beta of 1.27. The firm's 50 day simple moving average is $37.69 and its 200 day simple moving average is $35.67. LiveRamp has a 1 year low of $21.71 and a 1 year high of $38.34.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.07. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%. The business had revenue of $213.99 million for the quarter, compared to analysts' expectations of $211.45 million. During the same period last year, the firm posted $0.44 earnings per share. The firm's quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts forecast that LiveRamp will post 2.04 earnings per share for the current year.

About LiveRamp

LiveRamp Holdings, Inc NYSE: RAMP is a technology company that provides data collaboration and connectivity solutions for marketers, advertisers, publishers and technology providers. Its platform helps organizations securely connect customer and business data across systems while supporting privacy, consent and data-governance requirements.

The company's products and services include identity resolution, data onboarding, audience segmentation, activation and measurement. LiveRamp enables clients to use their first-party data, collaborate with partners in controlled environments and deliver more relevant advertising and marketing experiences across digital, connected television, mobile and other channels.

LiveRamp serves customers across multiple industries and geographies, including North America, Europe and the Asia-Pacific region.

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