Analysts Anticipate LiveRamp Holdings (NASDAQ:RAMP) Will Post Quarterly Sales of $78.31 Million

Equities analysts predict that LiveRamp Holdings (NASDAQ:RAMP) will post $78.31 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for LiveRamp’s earnings, with estimates ranging from $77.82 million to $78.80 million. LiveRamp posted sales of $226.96 million during the same quarter last year, which suggests a negative year-over-year growth rate of 65.5%. The firm is scheduled to announce its next earnings results on Thursday, August 8th.

On average, analysts expect that LiveRamp will report full-year sales of $372.53 million for the current year, with estimates ranging from $372.20 million to $373.07 million. For the next year, analysts forecast that the firm will report sales of $496.22 million, with estimates ranging from $493.73 million to $498.70 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover LiveRamp.

LiveRamp (NASDAQ:RAMP) last released its 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 company had revenue of $78.30 million during the quarter, compared to analyst estimates of $76.99 million. The firm’s revenue was up 30.1% on a year-over-year basis.

Several equities analysts recently commented on the company. Susquehanna Bancshares started coverage on LiveRamp in a research report on Wednesday, June 26th. They set a “positive” rating and a $70.00 target price for the company. Morgan Stanley reaffirmed an “equal weight” rating and set a GBX 230 ($3.01) price target on shares of BT Group in a research note on Monday. Finally, First Analysis raised LiveRamp from a “neutral” rating to an “outperform” rating and set a $55.00 price target for the company in a research note on Wednesday, May 29th. Seven research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $62.86.

LiveRamp stock traded down $0.96 during mid-day trading on Thursday, reaching $49.70. 471,900 shares of the company’s stock were exchanged, compared to its average volume of 716,767. The business has a fifty day simple moving average of $49.94. LiveRamp has a one year low of $36.53 and a one year high of $63.23.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its position in LiveRamp by 1.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the company’s stock valued at $999,000 after purchasing an additional 200 shares during the last quarter. Meridian Management Co. raised its position in LiveRamp by 5.6% during the 1st quarter. Meridian Management Co. now owns 5,659 shares of the company’s stock valued at $309,000 after purchasing an additional 300 shares during the last quarter. Retirement Systems of Alabama raised its position in LiveRamp by 0.7% during the 1st quarter. Retirement Systems of Alabama now owns 88,824 shares of the company’s stock valued at $4,847,000 after purchasing an additional 581 shares during the last quarter. Spectrum Management Group Inc. bought a new position in LiveRamp during the 1st quarter valued at approximately $36,000. Finally, Mason Street Advisors LLC raised its position in LiveRamp by 1.8% during the 1st quarter. Mason Street Advisors LLC now owns 36,285 shares of the company’s stock valued at $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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