LiveRamp (NYSE:RAMP) Hits New 1-Year High - Time to Buy?

Key Points

• LiveRamp shares reached a new 52-week high of $38.51, up 0.7%, with a market capitalization of approximately $2.34 billion.
• The company recently exceeded quarterly expectations, reporting EPS of $0.65 versus the $0.58 consensus and revenue of $213.99 million, up 9.9% year over year.
• Analysts maintain a consensus “Hold” rating, with a target price of $40.21; institutional investors own 93.83% of the stock.

LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report)'s share price reached a new 52-week high on Friday. The stock traded as high as $38.51 and last traded at $38.5050, with a volume of 762,989 shares trading hands. The stock had previously closed at $38.23.

Analyst Upgrades and Downgrades

Several analysts have recently commented on RAMP shares. DA Davidson reaffirmed a "neutral" rating on shares of LiveRamp in a research report on Tuesday, August 11th. Weiss Ratings upgraded LiveRamp from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $40.21.

LiveRamp Trading Up 0.7%

The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 15.78 and a beta of 1.27. The stock's fifty day simple moving average is $37.76 and its 200-day simple moving average is $33.12.

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

Institutional Trading of LiveRamp

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of LiveRamp during the 2nd quarter worth approximately $381,301,000. Dimensional Fund Advisors LP boosted its holdings in shares of LiveRamp by 15.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,772,213 shares of the company's stock valued at $73,519,000 after buying an additional 365,894 shares during the period. Jupiter Topco LLC bought a new stake in shares of LiveRamp in the second quarter valued at about $45,420,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of LiveRamp by 16.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,550,435 shares of the company's stock valued at $41,118,000 after purchasing an additional 213,706 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of LiveRamp in the 2nd quarter valued at about $25,058,000. Institutional investors and hedge funds own 93.83% of the company's stock.

LiveRamp Company Profile

LiveRamp NYSE: RAMP is a technology company that provides data collaboration and identity solutions for marketers, advertisers, publishers and technology providers. Its platform helps organizations connect and activate customer and business data while supporting privacy-conscious marketing, measurement and analytics.

The company's offerings include identity resolution, data onboarding, audience activation, measurement and data collaboration capabilities. LiveRamp also provides privacy-enhancing environments, commonly referred to as data clean rooms, that enable companies to analyze and share information without directly exposing sensitive customer data.

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