Stocks of LiveRamp Holdings Inc. (RAMP) are poised to climb above their peers

LiveRamp Holdings Inc. (NYSE: RAMP) stock fell -4.37% on Friday to $26.05 against a previous-day closing price of $27.24. With 0.46 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.0 million shares. During the session, the Information Technology Services company that operates in wider Technology sector, reached to the highest price of $27.10 whereas the lowest price it dropped to was $25.94. The 52-week range on RAMP shows that it touched its highest point at $58.74 and its lowest point at $22.32 during that stretch. It currently has a 1-year price target of $41.67. Beta for the stock currently stands at 1.13.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RAMP was down-trending over the past week, with a drop of -3.27%, but this was down by -14.62% over a month. Three-month performance dropped to -24.58% while six-month performance fell -40.71%. The stock lost -36.15% in the past year, while it has lost -45.67% so far this year. A look at the trailing 12-month EPS for RAMP yields -0.50 with Next year EPS estimates of 0.91. For the next quarter, that number is 0.01. This implies an EPS growth rate of 63.60% for this year and 58.71% for next year. EPS is expected to grow by 21.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 14.80%.

Float and Shares Shorts:

At present, 68.28 million RAMP shares are outstanding with a float of 66.91 million shares on hand for trading. On Apr 28, 2022, short shares totaled 1.66 million, which was 2.43% higher than short shares on Mar 30, 2022. In addition to Mr. Scott E. Howe as the firm’s CEO & Director, Mr. Warren C. Jenson serves as its Pres, CFO & Exec. MD of International.

Institutional Ownership:

Through their ownership of 95.87% of RAMP’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 59.44% of RAMP, in contrast to 34.92% held by mutual funds. Shares owned by individuals account for 3.31%. As the largest shareholder in RAMP with 10.27% of the stake, BlackRock Fund Advisors holds 7,084,358 shares worth 7,084,358. A second-largest stockholder of RAMP, The Vanguard Group, Inc., holds 6,995,837 shares, controlling over 10.14% of the firm’s shares. Wellington Management Co. LLP is the third largest shareholder in RAMP, holding 3,907,252 shares or 5.67% stake. With a 6.99% stake in RAMP, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 4,820,411 shares are owned by the mutual fund manager. The Janus Henderson Triton Fund, which owns about 3.48% of RAMP stock, is the second-largest Mutual Fund holder. It holds 2,400,301 shares valued at 61.95 million. American Funds Fundamental Invest holds 3.33% of the stake in RAMP, owning 2,295,969 shares worth 59.26 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RAMP since 9 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With RAMP analysts setting a high price target of $65.00 and a low target of $28.00, the average target price over the next 12 months is $41.67. Based on these targets, RAMP could surge 149.52% to reach the target high and rise by 7.49% to reach the target low. Reaching the average price target will result in a growth of 59.96% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. RAMP will report FY 2023 earnings on 05/24/2023. Analysts have provided yearly estimates in a range of $0.63 being high and $0.51 being low. For RAMP, this leads to a yearly average estimate of $0.57. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. LiveRamp Holdings Inc. surprised analysts by -$0.03 when it reported -$0.01 EPS against a consensus estimate of $0.02. The surprise factor in the prior quarter was $0.00. Based on analyst estimates, the high estimate for the next quarter is $0.03 and the low estimate is -$0.02. The average estimate for the next quarter is thus $0.01.

Summary of Insider Activity:

Insiders traded RAMP stock several times over the past three months with 17 Buys and 18 Sells. In these transactions, 382,879 shares were bought while 186,714 shares were sold. The number of buy transactions has increased to 62 while that of sell transactions has risen to 77 over the past year. The total number of shares bought during that period was 626,531 while 260,178 shares were sold.

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