Shares of LiveRamp Holdings (NASDAQ:RAMP) have earned an average recommendation of “Buy” from the six research firms that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have covered the stock in the last year is $61.20.
Several research firms have recently commented on RAMP. Zacks Investment Research upgraded LiveRamp from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Tuesday, March 5th. Evercore ISI assumed coverage on LiveRamp in a research report on Thursday, February 28th. They set an “outperform” rating and a $70.00 price target for the company. Finally, First Analysis upgraded LiveRamp from a “neutral” rating to an “outperform” rating and set a $55.00 price objective on the stock in a research note on Wednesday, May 29th.
Shares of LiveRamp stock opened at $45.37 on Friday. LiveRamp has a fifty-two week low of $29.03 and a fifty-two week high of $63.23. The stock has a 50 day simple moving average of $53.34.
LiveRamp (NASDAQ:RAMP) last released its quarterly earnings results on Tuesday, May 28th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The firm had revenue of $78.30 million during the quarter, compared to analyst estimates of $76.99 million. The firm’s revenue for the quarter was up 30.1% compared to the same quarter last year.
A number of institutional investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System raised its stake in LiveRamp by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the company’s stock valued at $999,000 after buying an additional 200 shares in the last quarter. Meridian Management Co. grew its holdings in shares of LiveRamp by 5.6% during the first quarter. Meridian Management Co. now owns 5,659 shares of the company’s stock worth $309,000 after purchasing an additional 300 shares during the last quarter. Retirement Systems of Alabama grew its holdings in shares of LiveRamp by 0.7% during the first quarter. Retirement Systems of Alabama now owns 88,824 shares of the company’s stock worth $4,847,000 after purchasing an additional 581 shares during the last quarter. Spectrum Management Group Inc. purchased a new position in shares of LiveRamp during the first quarter worth about $36,000. Finally, Mason Street Advisors LLC grew its holdings in shares of LiveRamp by 1.8% during the first quarter. Mason Street Advisors LLC now owns 36,285 shares of the company’s stock worth $1,980,000 after purchasing an additional 657 shares during the last quarter.
LiveRamp Company Profile
LiveRamp Holdings, Inc provides identity and data connectivity for powering exceptional customer experiences. The company offers IdentityLink, an identity resolution platform that connects people, data, and devices across the physical and digital world, powering privacy-compliant, people-based marketing that allows consumers to better connect with the brands and products they love.
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