LiveRamp Holdings (NASDAQ:RAMP) Expected to Announce Earnings of -$0.25 Per Share

Wall Street analysts expect that LiveRamp Holdings (NASDAQ:RAMP) will report earnings of ($0.25) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for LiveRamp’s earnings, with the highest EPS estimate coming in at ($0.16) and the lowest estimate coming in at ($0.32). LiveRamp reported earnings of ($0.14) per share in the same quarter last year, which suggests a negative year over year growth rate of 78.6%. The company is expected to announce its next quarterly earnings report on Monday, November 4th.

On average, analysts expect that LiveRamp will report full year earnings of ($0.63) per share for the current year, with EPS estimates ranging from ($0.70) to ($0.52). For the next fiscal year, analysts expect that the business will report earnings of $0.26 per share, with EPS estimates ranging from $0.15 to $0.41. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for LiveRamp.

LiveRamp (NASDAQ:RAMP) last released its quarterly earnings data on Monday, August 5th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.52) by $0.01. The company had revenue of $82.51 million for the quarter, compared to the consensus estimate of $78.31 million.

A number of brokerages have recently issued reports on RAMP. Zacks Investment Research lowered shares of LiveRamp from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. First Analysis raised shares of LiveRamp from a “neutral” rating to an “outperform” rating and set a $55.00 price target for the company in a research report on Wednesday, May 29th. Susquehanna Bancshares began coverage on shares of LiveRamp in a research report on Wednesday, June 26th. They set a “positive” rating and a $70.00 price target for the company. Finally, Morgan Stanley began coverage on shares of LiveRamp in a report on Monday, July 15th. They set an “overweight” rating and a $64.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $62.14.

In related news, Director Clark M. Kokich sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $44.14, for a total value of $44,140.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

A number of large investors have recently modified their holdings of RAMP. Dimensional Fund Advisors LP acquired a new position in LiveRamp in the 4th quarter worth approximately $118,450,000. Nuveen Asset Management LLC purchased a new stake in LiveRamp in the 2nd quarter worth approximately $45,822,000. Geode Capital Management LLC purchased a new stake in LiveRamp in the 4th quarter worth approximately $30,033,000. FMR LLC boosted its position in LiveRamp by 7,200.2% in the 1st quarter. FMR LLC now owns 456,701 shares of the company’s stock worth $24,923,000 after purchasing an additional 450,445 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in LiveRamp by 168.7% in the 2nd quarter. Victory Capital Management Inc. now owns 604,702 shares of the company’s stock worth $29,316,000 after purchasing an additional 379,672 shares in the last quarter.

RAMP stock traded down $1.34 during mid-day trading on Friday, reaching $41.85. 15,564 shares of the stock traded hands, compared to its average volume of 693,164. LiveRamp has a one year low of $36.53 and a one year high of $63.23. The business has a 50-day moving average price of $48.62 and a two-hundred day moving average price of $52.69.

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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