LiveRamp Holdings Inc. (NYSE:RAMP) does about 534.70K shares in volume on a normal day but saw 443210 shares change hands in Friday trading. The company now has a market cap of 1.67B USD. Its current market price is $25.14, marking a decrease of -1.84% compared to the previous close of $25.61. The 52 week high reached by this stock is $44.00 whilst the lowest price level in 52 weeks is $15.37. The script in recent trading has seen the stock touch a high of $25.67 and a low of $25.11.
LiveRamp Holdings Inc. (RAMP) has a 20-day trading average at $26.03 and the current price is -42.86% off the 52-week high compared with 63.57% distance from its 52-week low. The 50-day simple moving average of the closing price is $24.36 and its 200-day simple moving average is $23.22. If we look at the stock’s price movements over the week, volatility stands at 2.93%, which increases to 3.84% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 48.73 to suggest the stock is neutral.
10 analysts observing the LiveRamp Holdings Inc. (RAMP) stock have set the 12-month price targets for the company’s shares at between $24.00 and $40.00. The consensus objective for the share price is $30.78, suggesting that the stock has a potential upside of 18.32% over the period. The median price target is 26.06% away from the current levels at $34.00.
FactSet Research has provided data showing that 10 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 7 analysts have rated it as a buy and 3 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
BMO Capital Markets upgraded the stock to “Outperform” from Market Perform on March 15, 2022 at a price target of $48. Berenberg resumed its price target at $64.
The current price level is -3.38%, 3.53%, and 8.14% away from its SMA20, SMA50, and SMA200 respectively, with the RAMP price moving above the 50-day SMA on February 17. LiveRamp Holdings Inc. (RAMP) stock is up 1.74% over the week and 3.63% over the past month. Its price is 7.25% year-to-date and -39.77% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2022, with the company’s earnings per share (EPS) of $0.28 above consensus estimates by $0.01. The company’s next earnings report is expected on 05/24/2023, with forecasts estimating quarterly EPS at $0.18 and $0.77 for whole year. RAMP’s earnings per share are forecast to grow by 60.40% this year and 35.10% over next year. Expected sales for next quarter are $147.01 million, which analysts say will come at $598.24 million for the current fiscal year and next year at $628.84 million. In addition, estimates put the company’s current quarterly revenue at an average of $149.8 million.
To reach the target analysts have set, the stock logically needs to grow 18.32 percent from here.
Outstanding shares total 64.78M with insiders holding 3.16% of the shares and institutional holders owning 96.94% of the company’s common stock. The company has a return on investment of -6.00% and return on equity of -11.80%. The forward price to earnings ratio is 24.08. The beta has a value of 1.12. Price to book ratio is 1.79 and price to sales ratio is 2.84.
According to a U.S. Securities and Exchange Commission filing, iShares Core S&P Small Cap ETF has added its position in LiveRamp Holdings Inc. (RAMP) to 4,952,063 shares, mirroring a recent increase by 0.07%. iShares Core S&P Small Cap ETF added 3408.0 shares of LiveRamp Holdings Inc. common stock bringing its total worth to about $132.52 million at the end of recent close, SEC documents show. iShares Core S&P Small Cap ETF isn’t the only investment manager who changed stakes and is followed by Janus Henderson Triton Fund, which sold off 88213.0 shares to end up with 2,165,441 shares worth $57.95 million. Vanguard Total Stock Market Index raise their holdings by 0.19% in the company over the course of the most recent quarter. It now holds a 2.99% position in LiveRamp Holdings Inc. thanks to 1.99 million shares amounting to $53.22 million.
