At the time of writing, LiveRamp Holdings Inc [RAMP] stock is trading at $36.53, up 5.33%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RAMP shares have gain 5.88% over the last week, with a monthly amount glided 6.84%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, LiveRamp Launches Unified Data Collaboration Platform Featuring Composable Technology. In a post published today on Yahoo Finance, New enhancements enable customers to collaborate with any partner, activate data to any destination, and access more solutions—all from one place.
From an analyst’s perspective:
Previously, The Benchmark Company upgraded its rating to Buy on June 21, 2023, and kept the price target unchanged to $33. On September 20, 2022, The Benchmark Company initiated with a Hold rating. BMO Capital Markets upgraded its rating to a Outperform but stick to its price target of $48 on March 15, 2022. BMO Capital Markets downgraded its rating to Market Perform for this stock on March 04, 2021, and downed its price target to $65. In a note dated July 09, 2020, Craig Hallum initiated an Buy rating and provided a target price of $65 on this stock.
For the past year, the stock price of LiveRamp Holdings Inc fluctuated between $21.96 and $42.66. Currently, Wall Street analysts expect the stock to reach $45.5 within the next 12 months. LiveRamp Holdings Inc [NYSE: RAMP] shares were valued at $36.53 at the most recent close of the market. An investor can expect a potential return of 24.56% based on the average RAMP price forecast.
Analyzing the RAMP fundamentals
According to LiveRamp Holdings Inc [NYSE:RAMP], the company’s sales were 636.43M for trailing twelve months, which represents an 9.62% jump. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.02 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 35.27 points at the first support level, and at 34.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.31, and for the 2nd resistance point, it is at 38.08.
LiveRamp Holdings Inc [RAMP] reported earnings per share of $0.47 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.4/share, meaning a difference of $0.07 and a surprise factor of 17.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.43 per share as compared to estimates of $0.24 per share, a difference of $0.19 representing a surprise of 79.20%.
Ratios To Look Out For
It is important to note that LiveRamp Holdings Inc [NYSE:RAMP] has a current ratio of 3.69. In addition, the Quick Ratio stands at 3.69 and the Cash Ratio stands at 2.39. Considering the valuation of this stock, the price to sales ratio is 3.80, the price to book ratio is 2.55.
Transactions by insiders
Recent insider trading involved Hussain Mohsin, CHIEF TECHNOLOGY OFFICER, that happened on Feb 15 ’24 when 12480.0 shares were sold. Director, CADOGAN TIMOTHY R. completed a deal on Feb 13 ’24 to sell 1500.0 shares. Meanwhile, Director CADOGAN TIMOTHY R. sold 1500.0 shares on Dec 29 ’23.
