Wall Street brokerages expect LiveRamp Holdings (NASDAQ:RAMP) to announce ($0.17) earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for LiveRamp’s earnings, with estimates ranging from ($0.25) to ($0.13). LiveRamp posted earnings of $0.27 per share during the same quarter last year, which would suggest a negative year over year growth rate of 163%. The firm is expected to report its next earnings report on Wednesday, May 15th.
According to Zacks, analysts expect that LiveRamp will report full-year earnings of ($0.40) per share for the current year, with EPS estimates ranging from ($0.47) to ($0.29). For the next fiscal year, analysts forecast that the company will report earnings of ($0.05) per share, with EPS estimates ranging from ($0.19) to $0.15. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow LiveRamp.
LiveRamp (NASDAQ:RAMP) last announced its quarterly earnings data on Monday, February 11th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.41. The business had revenue of $80.02 million during the quarter, compared to analyst estimates of $76.86 million.
A number of equities analysts have recently issued reports on RAMP shares. Zacks Investment Research cut shares of LiveRamp from a “hold” rating to a “strong sell” rating in a research note on Friday, November 2nd. Macquarie started coverage on shares of LiveRamp in a report on Thursday, November 15th. They issued an “outperform” rating and a $60.00 target price on the stock. Finally, Wells Fargo & Co started coverage on shares of LiveRamp in a report on Friday, December 21st. They issued an “outperform” rating and a $60.00 target price on the stock.
In other news, insider James F. Arra sold 106,888 shares of the company’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $52.54, for a total value of $5,615,895.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William J. Henderson sold 7,110 shares of the company’s stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $46.86, for a total transaction of $333,174.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,655 shares of company stock worth $6,892,449.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in LiveRamp during the 4th quarter worth about $329,159,000. Dimensional Fund Advisors LP bought a new stake in LiveRamp during the 4th quarter worth about $118,450,000. Manning & Napier Group LLC bought a new stake in LiveRamp during the 4th quarter worth about $106,568,000. Capital International Investors bought a new stake in LiveRamp during the 3rd quarter worth about $119,231,000. Finally, Abrams Bison Investments LLC bought a new stake in LiveRamp during the 4th quarter worth about $81,587,000.
Shares of RAMP stock opened at $51.71 on Friday. LiveRamp has a 52-week low of $18.60 and a 52-week high of $53.17.
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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