LiveRamp (NYSE:RAMP) Releases Earnings Results

LiveRamp (NYSE:RAMP) released its quarterly earnings data on Wednesday. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07, FiscalAI reports. The business had revenue of $213.99 million for the quarter, compared to analysts’ expectations of $211.45 million. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.LiveRamp’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 earnings per share.

LiveRamp Price Performance

Shares of NYSE:RAMP traded up $0.03 during midday trading on Thursday, reaching $37.83. The company’s stock had a trading volume of 365,103 shares, compared to its average volume of 1,117,191. The business’s fifty day simple moving average is $37.68 and its 200-day simple moving average is $31.28. LiveRamp has a fifty-two week low of $21.71 and a fifty-two week high of $38.23. The company has a market capitalization of $2.30 billion, a P/E ratio of 16.59 and a beta of 1.29.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on RAMP shares. Weiss Ratings lowered shares of LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. DA Davidson cut shares of LiveRamp from a “buy” rating to a “neutral” rating and upped their target price for the company from $35.00 to $38.50 in a research note on Monday, May 18th. Craig Hallum lowered shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target for the company. in a research report on Tuesday, May 19th. Finally, Morgan Stanley set a $38.50 price target on shares of LiveRamp in a research note on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $40.21.

Institutional Investors Weigh In On LiveRamp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RAMP. Lido Advisors LLC lifted its stake in LiveRamp by 4.8% in the fourth quarter. Lido Advisors LLC now owns 9,418 shares of the company’s stock valued at $261,000 after purchasing an additional 429 shares during the last quarter. Engineers Gate Manager LP increased its position in LiveRamp by 0.5% in the second quarter. Engineers Gate Manager LP now owns 113,424 shares of the company’s stock worth $3,748,000 after buying an additional 561 shares during the last quarter. US Bancorp DE increased its position in LiveRamp by 8.8% in the third quarter. US Bancorp DE now owns 6,944 shares of the company’s stock worth $188,000 after buying an additional 564 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of LiveRamp by 1.1% in the second quarter. California State Teachers Retirement System now owns 61,432 shares of the company’s stock valued at $2,030,000 after buying an additional 640 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of LiveRamp by 1.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,234 shares of the company’s stock valued at $999,000 after buying an additional 677 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

About LiveRamp

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company’s core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp’s platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.