LiveRamp Holdings, Inc. (NYSE:RAMP) Given Average Recommendation of “Moderate Buy” by Analysts

LiveRamp Holdings, Inc. (NYSE:RAMP) has earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $41.14.

Several equities research analysts recently weighed in on the company. Macquarie restated an “outperform” rating and set a $43.00 target price on shares of LiveRamp in a report on Thursday, November 7th. Wells Fargo & Company assumed coverage on LiveRamp in a research note on Monday, October 28th. They set an “equal weight” rating and a $25.00 price objective for the company. Benchmark lowered their price target on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd.

Institutional Investors Weigh In On LiveRamp

Several hedge funds have recently added to or reduced their stakes in the stock. Arizona State Retirement System boosted its stake in LiveRamp by 2.9% in the 2nd quarter. Arizona State Retirement System now owns 18,528 shares of the company’s stock worth $573,000 after purchasing an additional 523 shares in the last quarter. Quest Partners LLC lifted its stake in shares of LiveRamp by 68.8% in the second quarter. Quest Partners LLC now owns 2,998 shares of the company’s stock worth $93,000 after buying an additional 1,222 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of LiveRamp during the second quarter valued at approximately $149,000. Dimensional Fund Advisors LP increased its position in shares of LiveRamp by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,265,391 shares of the company’s stock valued at $70,090,000 after acquiring an additional 161,373 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in LiveRamp by 623.8% in the 2nd quarter. Hsbc Holdings PLC now owns 93,317 shares of the company’s stock worth $2,858,000 after acquiring an additional 80,424 shares during the last quarter. 93.83% of the stock is owned by institutional investors.

LiveRamp Price Performance

Shares of NYSE RAMP opened at $29.40 on Tuesday. The stock has a market capitalization of $1.92 billion, a P/E ratio of 588.12 and a beta of 0.96. LiveRamp has a one year low of $21.45 and a one year high of $42.66. The firm’s 50 day simple moving average is $30.08 and its two-hundred day simple moving average is $27.89.

LiveRamp (NYSE:RAMP) last issued its earnings results on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.14. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The company had revenue of $185.00 million for the quarter, compared to analysts’ expectations of $176.16 million. During the same quarter last year, the company earned $0.21 EPS. The firm’s revenue was up 15.6% compared to the same quarter last year. As a group, equities analysts expect that LiveRamp will post 0.36 earnings per share for the current fiscal year.

About LiveRamp

LiveRamp Holdings, Inc, a technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally. The company operates LiveRamp Data Collaboration platform enables an organization to unify customer and prospect data to build a single view of the customer in a way that protects consumer privacy.