LiveRamp Holdings, Inc., a technology company, provides enterprise data connectivity platform solutions in the United States, Europe, and the Asia-Pacific. The company offers RampID, a true people-based identifier; Safe Haven, an enterprise data enablement platform; LiveRamp Data Marketplace, a solution that seamlessly connects data owners' audience data across the marketing ecosystem; and AbiliTec, an offline identity resolution platform. It serves financial, insurance and investment services, retail, automotive, telecommunications, high tech, consumer packaged goods, healthcare, travel, entertainment, non-profit, and government industries. The company was formerly known as Acxiom Holdings, Inc. and changed its name to LiveRamp Holdings, Inc. in October 2018. LiveRamp Holdings, Inc. was incorporated in 2018 and is headquartered in San Francisco, California.
Analyst Ratings Changes
A number of research firms have recently commented on RAMP. Wells Fargo & Company dropped their price objective on shares of LiveRamp from $65.00 to $46.00 and set an "overweight" rating for the company in a research note on Monday, August 8th. Morgan Stanley decreased their price target on LiveRamp from $41.00 to $38.00 and set an "overweight" rating for the company in a report on Thursday, July 14th. Stephens reduced their target price on LiveRamp from $67.00 to $58.00 and set an "overweight" rating for the company in a research note on Wednesday, May 25th. Susquehanna reduced their target price on LiveRamp from $50.00 to $45.00 and set a "positive" rating for the company in a research note on Friday, August 5th. Finally, Susquehanna Bancshares reduced their target price on LiveRamp from $50.00 to $45.00 and set a "positive" rating for the company in a research note on Friday, August 5th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, LiveRamp presently has a consensus rating of "Buy" and an average target price of $51.67.
LiveRamp Trading Down 0.1 %
RAMP Stock opened at $22.84 on Tuesday. LiveRamp has a 12-month low of $22.18 and a 12-month high of $58.74. The stock's 50 day simple moving average is $26.58 and its 200 day simple moving average is $32.29. The firm has a market cap of $1.53 billion, a P/E ratio of -19.86 and a beta of 1.07.
LiveRamp (NYSE:RAMP - Get Rating) last issued its earnings results on Thursday, August 4th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.07. LiveRamp had a negative return on equity of 1.87% and a negative net margin of 14.21%. The firm had revenue of $142.00 million for the quarter, compared to analyst estimates of $138.97 million. During the same period last year, the company earned $0.09 earnings per share. The firm's revenue for the quarter was up 19.3% on a year-over-year basis. On average, research analysts forecast that LiveRamp will post -0.84 EPS for the current fiscal year.