Stock Repurchase Program Approved by LiveRamp (NYSE:RAMP) Board of Directors

LiveRamp (NYSE:RAMP) declared that its board has initiated a stock repurchase program on Thursday, February 12th, RTT News reports. The company plans to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to buy up to 13.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

LiveRamp Trading Up 5.0%

Shares of NYSE RAMP opened at $24.39 on Friday. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 23.01 and a beta of 1.13. The stock has a 50-day moving average price of $26.96 and a two-hundred day moving average price of $27.76. LiveRamp has a 12 month low of $21.71 and a 12 month high of $35.20.

LiveRamp (NYSE:RAMP) last issued its earnings results on Thursday, February 5th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. LiveRamp had a return on equity of 6.40% and a net margin of 8.64%.The business had revenue of $212.20 million during the quarter, compared to analysts’ expectations of $211.68 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, sell-side analysts predict that LiveRamp will post 0.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RAMP. Benchmark decreased their price objective on LiveRamp from $53.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Morgan Stanley increased their target price on LiveRamp from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, November 13th. Weiss Ratings reissued a “hold (c)” rating on shares of LiveRamp in a research report on Monday, December 29th. Zacks Research lowered LiveRamp from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, DA Davidson dropped their target price on shares of LiveRamp from $45.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, LiveRamp has a consensus rating of “Hold” and a consensus target price of $39.40.

About LiveRamp

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company’s core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp’s platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.