LiveRamp (NASDAQ:RAMP) Announces Quarterly Earnings Results

LiveRamp (NASDAQ:RAMP) released its quarterly earnings data on Monday. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.52) by $0.28, Bloomberg Earnings reports. The company had revenue of $82.51 million during the quarter, compared to analyst estimates of $78.31 million. LiveRamp updated its FY 2020 guidance to EPS.

Shares of RAMP traded down $3.67 during mid-day trading on Tuesday, hitting $45.55. 57,277 shares of the company’s stock were exchanged, compared to its average volume of 695,436. LiveRamp has a fifty-two week low of $36.53 and a fifty-two week high of $63.23. The company has a 50 day simple moving average of $49.83.

Several institutional investors and hedge funds have recently made changes to their positions in RAMP. Advisor Group Inc. bought a new stake in LiveRamp in the fourth quarter worth approximately $81,000. Dimensional Fund Advisors LP bought a new stake in LiveRamp in the fourth quarter worth approximately $118,450,000. Bank of America Corp DE bought a new stake in LiveRamp in the fourth quarter worth approximately $11,377,000. Squarepoint Ops LLC bought a new stake in LiveRamp in the fourth quarter worth approximately $202,000. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in LiveRamp in the fourth quarter worth approximately $221,000.

RAMP has been the subject of several research analyst reports. Morgan Stanley initiated coverage on shares of LiveRamp in a research note on Monday, July 15th. They issued an “overweight” rating and a $64.00 price objective for the company. First Analysis upgraded shares of LiveRamp from a “neutral” rating to an “outperform” rating and set a $55.00 price objective for the company in a research note on Wednesday, May 29th. Zacks Investment Research downgraded shares of LiveRamp from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Susquehanna Bancshares initiated coverage on shares of LiveRamp in a research note on Wednesday, June 26th. They issued a “positive” rating and a $70.00 price objective for the company. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. LiveRamp has a consensus rating of “Buy” and a consensus target price of $62.14.

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.

See Also: Liquidity

Earnings History for LiveRamp (NASDAQ:RAMP)

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