RAMP · NYSE · Software - Infrastructure

LiveRamp (RAMP)

Connects customer data across marketing platforms for identity, activation, collaboration, and measurement.

$37.60
vs last close+0.05 (+0.12%)
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LiveRamp Holdings, Inc.RAMP
Information Technology

Sells subscription data-collaboration software for identity resolution, audience activation, data-marketplace access, clean-room analytics, and measurement, supplemented by marketplace revenue sharing and usage fees. Most revenue comes from the United States, while the platform's value depends on permitted data access and integrations across marketers, publishers, and technology partners.

Connects marketers, agencies, publishers, data providers, and commerce media networks through a data-collaboration platform. Live/Identity resolves customer records around RampID; Live/Connectivity onboards and activates first-party data; Live/Access supplies third-party audiences through the Data Marketplace; and Live/Insights supports clean-room analytics and campaign measurement.

Annual subscriptions, priced mainly by data volume, provide most revenue; Marketplace and Other revenue comes from data-seller revenue sharing, usage fees, and services. Deterministic identity matching and broad integrations move customer data across marketing tools. Revenue is concentrated in the United States, with smaller operations in Europe and Asia-Pacific. Execution depends on permitted data access, partner participation, interoperability, security, and changing privacy and tracking rules. Shareholders have approved a sale to Publicis, but regulatory approvals and other closing conditions remain; completion would end the NYSE listing.

Company facts

CEOScott E. Howe
ListedOct 1, 2018
ExchangeNYSE
HeadquartersSan Francisco, CA
CountryUnited States
Employees1,300
CIK0000733269
ISINUS53815P1084

Market cap$2.28B
EPS (ttm)$2.41
P/E (ttm)15.58
ROE16.2%
P/B2.34
P/S2.74
Dividend yieldDiv yield
Beta0.41vs XLK −0.15

Price target$38.50+2.5%Average of 12 analysts
ConsensusBuy9 of 12 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
May 22, 2026Morgan StanleyTarget
Target: $34
Target: $38.50
May 19, 2026Craig-HallumTarget
Target: $43
Target: $38.50
May 18, 2026DA DavidsonDowngrade
Rating: BuyTarget: $35
Rating: NeutralTarget: $38.50
Feb 6, 2026DA DavidsonReiterate
Rating: Target:
Rating: BuyTarget: $35
Nov 4, 2025Cross ResearchTarget
Target:
Target: $53

Next report
Nov 4, 26
in 42 days
EPS estimate
$0.76
Revenue estimate
$219.1M
Fiscal quarter
Q2 FY27

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$0.55$0.30$0.44$0.55$0.76$0.52$0.65Pending
Estimate$0.45$0.28$0.43$0.48$0.69$0.49$0.58$0.76
Surprise+22.2%+8.1%+2.3%+14.6%+10.1%+5.3%+12.1%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$195.4M$188.7M$194.8M$199.8M$212.2M$206.1M$214.0MPending
Estimate$185.3M$185.4M$198.3M$210.9M$211.6M$205.5M$211.4M$219.1M
Surprise+5.4%+1.8%−1.8%−5.2%+0.3%+0.3%+1.2%
Estimate$0.76
ReportedDue Nov 4, 2026
Estimate$219.1M
ReportedDue Nov 4, 2026
View details

Debt to equity3.40%
Current ratio265.70%

ProfitabilityRevenueNet incomeNet margin

Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue$185.5M$195.4M$188.7M$194.8M$199.8M$212.2M$206.1M$214.0M
Net income$1.7M$11.2M−$6.3M$7.7M$27.4M$39.9M$70.9M$17.5M
Net margin0.9%5.7%0.0%4.0%13.7%18.8%34.4%8.2%

GrowthOperating income

Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Operating income$7.5M$14.7M−$11.5M$7.2M$21.4M$39.5M$18.6M$20.2M
YoY growth−8.8%−3.5%Loss narrowedTurned profit+186.2%+169.4%Turned profit+179.2%

Balance sheet, Jun 30, 2026Cash & short-term investments $371.0M · Total debt $33.1M · Total assets $1.28B · Shareholders' equity $977.4M

Revenue
$214.0M
Operating income
$20.2M
Net income
$17.5M
View details

No dividends on record.

Institutions≈ 101.48%61.69M shares
320 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders4.41%2.68M shares
15 holders · as of Aug 24, 2026
Adds to105.89%

60.79M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

These groups come from separate filings that can overlap, so they add to 105.89%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
16.66%10.13Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
7.96%4.84Mas of Jun 30, 2026
Dimensional Fund Advisors LPInstitution
4.95%3.01Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
4.35%2.64Mas of Jun 30, 2026
State Street CorpInstitution
4.31%2.62Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Mar 3, 2026Mohsin Hussainofficer: CHIEF TECHNOLOGY OFFICER−5,977$28.42
View details

  • TransUnion

    Direct overlap in identity-led marketing and measurement

  • Adobe

    Real-Time CDP contests audience activation and collaboration

  • Salesforce

    Data 360 overlaps in CDP, clean rooms, and activation

  • Snowflake

    Neutral clean rooms challenge LiveRamp collaboration

  • The Trade Desk

    UID2 and Galileo contest open-internet activation

  • Alphabet Class A

    Walled-garden audience tools compete for activation budgets

  • Equifax

    Financial-data marketing overlaps with audience segmentation

Compare

CompanyPriceChange
LiveRamp$37.60+0.12%$2.28B15.612.22.7+9.8%
TransUnion$71.53−0.47%$13.77B19.013.92.8+14.9%
Adobe$240.69+1.02%$94.70B13.39.03.6+12.9%
Salesforce$238.55+2.26%$191.06B21.316.34.3+10.8%
Snowflake$339.92+0.99%$116.66B133.621.5+35.1%
The Trade Desk$12.70−3.67%$6.20B15.5105.02.1+3.0%
Alphabet Class A$342.12−2.57%$4.25T17.625.59.5+24.2%
Equifax$157.07−1.70%$18.77B28.117.22.9+10.6%
Median18.317.23.6+12.9%