Fintel reports that on August 8, 2023, Benchmark maintained coverage of LiveRamp Holdings (NYSE:RAMP) with a Buy recommendation.
Analyst Price Forecast Suggests 13.02% Upside
As of August 2, 2023, the average one-year price target for LiveRamp Holdings is 32.30. The forecasts range from a low of 20.20 to a high of $42.00. The average price target represents an increase of 13.02% from its latest reported closing price of 28.58.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for LiveRamp Holdings is 658MM, an increase of 11.52%. The projected annual non-GAAP EPS is 1.04.
What is the Fund Sentiment?
There are 524 funds or institutions reporting positions in LiveRamp Holdings. This is an increase of 8 owner(s) or 1.55% in the last quarter. Average portfolio weight of all funds dedicated to RAMP is 0.11%, a decrease of 0.09%. Total shares owned by institutions decreased in the last three months by 0.70% to 73,217K shares. 
The put/call ratio of RAMP is 0.27, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 4,720K shares representing 7.07% ownership of the company. In it's prior filing, the firm reported owning 4,926K shares, representing a decrease of 4.38%. The firm decreased its portfolio allocation in RAMP by 12.91% over the last quarter.
Schroder Investment Management Group holds 3,379K shares representing 5.06% ownership of the company. In it's prior filing, the firm reported owning 2,783K shares, representing an increase of 17.64%. The firm decreased its portfolio allocation in RAMP by 75.60% over the last quarter.
Janus Henderson Group holds 2,362K shares representing 3.54% ownership of the company. In it's prior filing, the firm reported owning 2,345K shares, representing an increase of 0.69%. The firm decreased its portfolio allocation in RAMP by 71.20% over the last quarter.
JATTX - Janus Henderson Triton Fund Class T holds 2,165K shares representing 3.24% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,891K shares representing 2.83% ownership of the company. In it's prior filing, the firm reported owning 1,985K shares, representing a decrease of 4.97%. The firm decreased its portfolio allocation in RAMP by 17.70% over the last quarter.
LiveRamp Holdings Background Information
(This description is provided by the company.)
LiveRamp is the leading data connectivity platform for the safe and effective use of data. Powered by core identity capabilities and an unparalleled network, LiveRamp enables companies and their partners to better connect, control, and activate data to transform customer experiences and generate more valuable business outcomes. LiveRamp's fully interoperable and neutral infrastructure delivers end-to-end addressability for the world's top brands, agencies, and publishers.
Additional reading:
- LIVERAMP ANNOUNCES FOURTH QUARTER AND FISCAL YEAR RESULTS Q4 Revenue Up 5% and Full Year Revenue Up 13% Q4 GAAP Gross Margin of 71% and Non-GAAP Gross Margin of 75% Full Year Operating Cash Flow of $34 Million $150 Million in Shares Repurchased in Fu
- Form of Performance Unit Award Agreement under the Amended and Restated 2005 Equity Compensation Plan of LiveRamp Holdings, Inc. (CA)
- Form of Performance Unit Award Agreement under the Amended and Restated 2005 Equity Compensation Plan of LiveRamp Holdings, Inc.
- Amended and Restated LiveRamp Holdings, Inc. Non-Qualified Supplemental Executive Retirement Plan effective August 9, 2022
- Amendment to the LiveRamp Holdings, Inc. Non-Qualified Supplemental Executive Retirement Plan effective January 1, 2023
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
