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

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $39.71.

Several research firms have recently issued reports on RAMP. Macquarie reaffirmed an “outperform” rating and set a $43.00 price objective on shares of LiveRamp in a research report on Thursday, November 7th. Wells Fargo & Company initiated coverage on shares of LiveRamp in a research report on Monday, October 28th. They set an “equal weight” rating and a $25.00 price objective for the company. Morgan Stanley reissued an “equal weight” rating and issued a $35.00 target price on shares of LiveRamp in a report on Monday. Benchmark dropped their price objective on LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd.

LiveRamp Trading Down 0.3 %

Shares of RAMP stock opened at $29.24 on Tuesday. The stock has a market cap of $1.91 billion, a P/E ratio of 584.92 and a beta of 0.96. The stock has a 50 day moving average of $30.17 and a 200 day moving average of $27.86. LiveRamp has a twelve month low of $21.45 and a twelve month high of $42.66.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.14. The company had revenue of $185.00 million during the quarter, compared to analysts’ expectations of $176.16 million. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. LiveRamp’s revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 EPS. On average, research analysts predict that LiveRamp will post 0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LiveRamp

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System lifted its holdings in LiveRamp by 2.9% in the 2nd quarter. Arizona State Retirement System now owns 18,528 shares of the company’s stock valued at $573,000 after acquiring an additional 523 shares during the last quarter. Quest Partners LLC increased 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 acquiring an additional 1,222 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in LiveRamp in the second quarter worth approximately $149,000. Dimensional Fund Advisors LP boosted its holdings in shares of LiveRamp by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,265,391 shares of the company’s stock worth $70,090,000 after buying an additional 161,373 shares during the period. Finally, Hsbc Holdings PLC increased its position in LiveRamp by 623.8% during the second 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 period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

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.