LiveRamp (NYSE:RAMP) Sets New 52-Week High – Time to Buy?

LiveRamp Holdings, Inc. (NYSE:RAMP)’s stock price reached a new 52-week high during trading on Monday. The stock traded as high as $38.34 and last traded at $38.1780, with a volume of 4,717,085 shares trading hands. The stock had previously closed at $37.44.

Analysts Set New Price Targets

RAMP has been the subject of several recent analyst reports. DA Davidson restated a “neutral” rating on shares of LiveRamp in a research report on Tuesday, August 11th. Weiss Ratings raised shares of LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $40.21.

LiveRamp Trading Up 2.0%

The firm’s fifty day moving average is $37.68 and its 200 day moving average is $35.59. The stock has a market cap of $2.32 billion, a P/E ratio of 15.65 and a beta of 1.27.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. LiveRamp had a return on equity of 9.77% and a net margin of 18.71%. The business had revenue of $213.99 million during the quarter, compared to analysts’ expectations of $211.45 million. During the same quarter in the previous year, the firm earned $0.44 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. Research analysts forecast that LiveRamp Holdings, Inc. will post 2.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LiveRamp

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fortitude Family Office LLC boosted its stake in shares of LiveRamp by 6,027.3% in the 3rd quarter. Fortitude Family Office LLC now owns 2,696 shares of the company’s stock valued at $101,000 after purchasing an additional 2,652 shares during the last quarter. Sax Wealth Advisors LLC acquired a new position in LiveRamp in the third quarter valued at about $262,000. GAMMA Investing LLC increased its position in shares of LiveRamp by 17.2% during the third quarter. GAMMA Investing LLC now owns 3,201 shares of the company’s stock worth $120,000 after acquiring an additional 469 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of LiveRamp by 1,158.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,397 shares of the company’s stock valued at $127,000 after purchasing an additional 3,127 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new stake in LiveRamp in the 2nd quarter valued at approximately $201,000. 93.83% of the stock is owned by institutional investors and hedge funds.

LiveRamp Company Profile

LiveRamp Holdings, Inc (NYSE:RAMP) is a technology company that provides data collaboration and connectivity solutions for marketers, advertisers, publishers and technology providers. Its platform helps organizations securely connect customer and business data across systems while supporting privacy, consent and data-governance requirements.

The company’s products and services include identity resolution, data onboarding, audience segmentation, activation and measurement. LiveRamp enables clients to use their first-party data, collaborate with partners in controlled environments and deliver more relevant advertising and marketing experiences across digital, connected television, mobile and other channels.

LiveRamp serves customers across multiple industries and geographies, including North America, Europe and the Asia-Pacific region.