LiveRamp (NYSE:RAMP) Issues Earnings Results, Beats Expectations By $0.09 EPS

LiveRamp (NYSE:RAMP) released its quarterly earnings results on Thursday. The company reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.09, reports. The business had revenue of $105.70 million during the quarter, compared to analyst estimates of $100.02 million. LiveRamp had a negative net margin of 32.72% and a negative return on equity of 9.84%. The business’s revenue was up 35.0% on a year-over-year basis. During the same period last year, the business earned ($0.13) EPS. LiveRamp updated its Q1 2021
After-Hours guidance to EPS.

LiveRamp stock opened at $48.17 on Friday. The firm’s 50-day moving average is $34.46 and its 200-day moving average is $40.20. LiveRamp has a 1 year low of $23.44 and a 1 year high of $56.00.

A number of research analysts have commented on RAMP shares. Needham & Company LLC reduced their price objective on shares of LiveRamp from $57.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday. Zacks Investment Research downgraded shares of LiveRamp from a “buy” rating to a “hold” rating in a research note on Thursday, April 23rd. Morgan Stanley increased their price objective on shares of LiveRamp from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday. First Analysis reiterated a “buy” rating and set a $63.00 price objective on shares of LiveRamp in a research note on Sunday, January 26th. Finally, Berenberg Bank assumed coverage on shares of LiveRamp in a research note on Tuesday, April 21st. They set a “buy” rating and a $40.00 price objective on the stock. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. LiveRamp has a consensus rating of “Buy” and a consensus target price of $54.38.

About LiveRamp

LiveRamp Holdings, Inc, a technology company, provides enterprise customer management platform solutions in the United States, Europe, and the Asia-Pacific. The company offers IdentityLink, an identity platform that connects people, data, and devices across the digital and physical world, powering the people-based marketing that allows consumers to connect with the brands and products they love.

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Earnings History for LiveRamp (NYSE:RAMP)

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