LiveRamp Holdings, Inc. (NYSE:RAMP) Stock Has Consensus Price Target of $40.21 According to Analysts

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have received an average rating of “Hold” from the eight analysts that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $40.21.

Several equities analysts recently issued reports on the company. DA Davidson restated a “neutral” rating on shares of LiveRamp in a research note on Tuesday, August 11th. Weiss Ratings raised LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th.

LiveRamp Stock Up 0.1%

Shares of LiveRamp stock opened at $37.66 on Friday. LiveRamp has a 12-month low of $21.71 and a 12-month high of $38.23. The stock has a 50 day moving average price of $37.73 and a two-hundred day moving average price of $34.61. The stock has a market capitalization of $2.29 billion, a P/E ratio of 15.44 and a beta of 1.25.

LiveRamp (NYSE:RAMP) last announced its earnings results on Wednesday, August 5th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%. The firm had revenue of $213.99 million for the quarter, compared to the consensus estimate of $211.45 million. During the same quarter last year, the firm posted $0.44 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. Sell-side analysts anticipate that LiveRamp will post 2.04 earnings per share for the current year.

Institutional Trading of LiveRamp

Institutional investors and hedge funds have recently made changes to their positions in the business. Sound Income Strategies LLC increased its holdings in LiveRamp by 769.1% in the first quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock valued at $28,000 after purchasing an additional 946 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in LiveRamp by 197.0% in the fourth quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock valued at $32,000 after buying an additional 727 shares during the period. Nykredit A S bought a new position in LiveRamp during the second quarter worth about $38,000. EverSource Wealth Advisors LLC boosted its holdings in LiveRamp by 63.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock worth $44,000 after buying an additional 583 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of LiveRamp during the 2nd quarter worth about $44,000. Institutional investors own 93.83% of the company’s stock.

LiveRamp Company Profile

LiveRamp Holdings, Inc provides data collaboration and identity solutions that help companies connect, organize and activate customer information across digital and offline marketing channels. Its platform is designed to support privacy-conscious data sharing while enabling businesses to create a more consistent understanding of customers and prospects.

The company’s offerings include identity resolution, data onboarding, audience activation, data collaboration and marketing measurement tools.