LiveRamp Holdings, Inc. (NYSE:RAMP) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $40.21.

A number of equities research analysts recently issued reports on RAMP shares. DA Davidson reaffirmed 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 research report on Tuesday, August 11th.

LiveRamp Price Performance

Shares of LiveRamp stock opened at $38.19 on Tuesday. LiveRamp has a 1-year low of $21.71 and a 1-year high of $38.34. The stock has a market capitalization of $2.32 billion, a PE ratio of 15.65 and a beta of 1.27. The company’s fifty day simple moving average is $37.73 and its 200-day simple moving average is $32.96.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RAMP. Signaturefd LLC increased its holdings in shares of LiveRamp by 92.7% in the third quarter. Signaturefd LLC now owns 1,501 shares of the company’s stock valued at $56,000 after purchasing an additional 722 shares during the period. Fifth Third Wealth Advisors LLC purchased a new position in LiveRamp during the third quarter worth approximately $481,000. Sterling Capital Management LLC grew its stake in LiveRamp by 803.2% in the 3rd quarter. Sterling Capital Management LLC now owns 1,987 shares of the company’s stock valued at $75,000 after acquiring an additional 1,767 shares during the period. Axxcess Wealth Management LLC purchased a new stake in shares of LiveRamp during the third quarter worth about $205,000. Finally, Fortitude Family Office LLC raised its holdings in shares of LiveRamp by 6,027.3% during the third quarter. Fortitude Family Office LLC now owns 2,696 shares of the company’s stock valued at $101,000 after acquiring an additional 2,652 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Company Profile

LiveRamp (NYSE: RAMP) is a technology company that provides data collaboration and identity solutions for marketers, advertisers, publishers and technology providers. Its platform helps organizations connect and activate customer and business data while supporting privacy-conscious marketing, measurement and analytics.

The company’s offerings include identity resolution, data onboarding, audience activation, measurement and data collaboration capabilities. LiveRamp also provides privacy-enhancing environments, commonly referred to as data clean rooms, that enable companies to analyze and share information without directly exposing sensitive customer data.