Brokerages Set LiveRamp Holdings, Inc. (NYSE:RAMP) Price Target at $40.21

LiveRamp Holdings, Inc. (NYSE:RAMP) has earned an average rating of “Hold” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Six 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 brokers that have covered the stock in the last year is $40.2143.

Several equities analysts have weighed in on RAMP shares. DA Davidson downgraded LiveRamp from a “buy” rating to a “neutral” rating and lifted their target price for the company from $35.00 to $38.50 in a research report on Monday, May 18th. Weiss Ratings downgraded LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Morgan Stanley set a $38.50 target price on LiveRamp in a research report on Friday, May 22nd. Evercore started coverage on shares of LiveRamp in a report on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 price objective for the company. Finally, Craig Hallum cut shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price objective for the company. in a report on Tuesday, May 19th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RAMP. Royal Bank of Canada grew its holdings in shares of LiveRamp by 246.4% in the first quarter. Royal Bank of Canada now owns 19,726 shares of the company’s stock valued at $515,000 after purchasing an additional 14,031 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of LiveRamp in the first quarter valued at approximately $212,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 purchasing an additional 677 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of LiveRamp by 6.9% in the first quarter. Goldman Sachs Group Inc. now owns 377,443 shares of the company’s stock valued at $9,866,000 after purchasing an additional 24,330 shares in the last quarter. Finally, Caxton Associates LLP acquired a new position in shares of LiveRamp in the first quarter valued at approximately $309,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Price Performance

Shares of RAMP opened at $37.61 on Tuesday. LiveRamp has a 1-year low of $21.71 and a 1-year high of $37.92. The stock has a market cap of $2.26 billion, a PE ratio of 16.49 and a beta of 1.27. The firm has a 50-day simple moving average of $33.41 and a two-hundred day simple moving average of $29.29.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Monday, May 18th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. LiveRamp had a net margin of 17.95% and a return on equity of 8.28%. The business had revenue of $206.09 million during the quarter, compared to analysts’ expectations of $205.49 million. During the same period last year, the business earned $0.30 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, sell-side analysts expect that LiveRamp will post 2.07 earnings per share for the current fiscal year.

LiveRamp Company Profile

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.