LiveRamp (NYSE:RAMP) Trading Down 3.3%

LiveRamp Holdings, Inc. (NYSE:RAMP)’s stock price dropped 3.3% on Friday . The stock traded as low as $46.54 and last traded at $46.74. Approximately 4,424 shares were traded during trading, a decline of 99% from the average daily volume of 732,942 shares. The stock had previously closed at $48.36.

A number of research analysts have issued reports on the stock. BMO Capital Markets restated a “market perform” rating and set a $65.00 price target (down previously from $80.00) on shares of LiveRamp in a research note on Wednesday, March 10th. Craig Hallum cut their target price on LiveRamp from $100.00 to $82.00 and set a “buy” rating on the stock in a research report on Wednesday, May 26th. Zacks Investment Research raised LiveRamp from a “sell” rating to a “hold” rating in a research report on Wednesday, April 14th. Evercore ISI dropped their price target on LiveRamp from $93.00 to $75.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 26th. Finally, Needham & Company LLC reduced their price objective on LiveRamp from $88.00 to $77.00 and set a “buy” rating for the company in a research note on Wednesday, May 26th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. LiveRamp has a consensus rating of “Buy” and a consensus target price of $82.78.

The company has a market cap of $3.08 billion, a price-to-earnings ratio of -48.92 and a beta of 1.15. The firm’s 50 day moving average price is $49.13.

LiveRamp (NYSE:RAMP) last posted its earnings results on Monday, May 24th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The firm had revenue of $119.00 million for the quarter, compared to analyst estimates of $116.21 million. LiveRamp had a negative return on equity of 5.28% and a negative net margin of 14.33%. LiveRamp’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the company earned ($0.05) earnings per share. On average, research analysts anticipate that LiveRamp Holdings, Inc. will post 0.5 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wealthcare Capital Management LLC acquired a new position in shares of LiveRamp in the 1st quarter valued at $26,000. Logan Capital Management Inc. acquired a new position in shares of LiveRamp in the first quarter worth about $39,000. Guinness Atkinson Asset Management Inc boosted its stake in shares of LiveRamp by 900.0% during the 1st quarter. Guinness Atkinson Asset Management Inc now owns 1,180 shares of the company’s stock worth $61,000 after acquiring an additional 1,062 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of LiveRamp by 970.8% during the 1st quarter. Captrust Financial Advisors now owns 1,392 shares of the company’s stock worth $72,000 after acquiring an additional 1,262 shares in the last quarter. Finally, Advisory Services Network LLC grew its position in shares of LiveRamp by 21.5% during the 4th quarter. Advisory Services Network LLC now owns 1,123 shares of the company’s stock valued at $82,000 after acquiring an additional 199 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

LiveRamp Company Profile (NYSE:RAMP)

LiveRamp Holdings, Inc, a technology company, provides enterprise data connectivity platform solutions in the United States, Europe, and the Asia-Pacific. The company offers RampID, a true people-based identifier that provides activation, measurement and analytics, identity, data collaboration, and data marketplace solutions.

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