LiveRamp Holdings, Inc. (NYSE:RAMP) Receives $41.14 Average Price Target from Analysts

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have earned an average rating of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $39.71.

RAMP has been the topic of a number of recent research reports. Morgan Stanley reissued an “equal weight” rating and set a $35.00 price target on shares of LiveRamp in a research note on Monday. Macquarie reissued an “outperform” rating and set a $43.00 target price on shares of LiveRamp in a research report on Thursday, November 7th. Wells Fargo & Company assumed coverage on shares of LiveRamp in a research note on Monday, October 28th. They issued an “equal weight” rating and a $25.00 target price for the company. StockNews.com upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Finally, Benchmark reduced their price objective on LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th.

Institutional Investors Weigh In On LiveRamp

Several institutional investors have recently made changes to their positions in the company. American Capital Management Inc. grew its position in shares of LiveRamp by 46.7% during the 3rd quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock worth $71,312,000 after buying an additional 916,578 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of LiveRamp by 111.4% during the third quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock valued at $13,857,000 after acquiring an additional 294,743 shares in the last quarter. Invenomic Capital Management LP lifted its stake in shares of LiveRamp by 257.7% during the third quarter. Invenomic Capital Management LP now owns 337,574 shares of the company’s stock worth $8,365,000 after buying an additional 243,198 shares during the period. Millennium Management LLC lifted its position in LiveRamp by 143.8% during the 2nd quarter. Millennium Management LLC now owns 395,619 shares of the company’s stock worth $12,240,000 after acquiring an additional 233,329 shares during the period. Finally, EVR Research LP purchased a new position in LiveRamp during the 2nd quarter worth approximately $5,879,000. Institutional investors own 93.83% of the company’s stock.

LiveRamp Price Performance

NYSE:RAMP opened at $29.24 on Tuesday. The stock has a market capitalization of $1.91 billion, a PE ratio of 584.92 and a beta of 0.96. The business’s 50-day simple moving average is $30.17 and its 200-day simple moving average is $27.86. LiveRamp has a fifty-two week low of $21.45 and a fifty-two week high of $42.66.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.14. The firm had revenue of $185.00 million for the quarter, compared to analysts’ expectations of $176.16 million. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The business’s revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. On average, research analysts expect that LiveRamp will post 0.36 earnings per share for the current year.

About LiveRamp

LiveRamp Holdings, Inc, a technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally. The company operates LiveRamp Data Collaboration platform enables an organization to unify customer and prospect data to build a single view of the customer in a way that protects consumer privacy.