LiveRamp Holdings, Inc. (NYSE:RAMP) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have earned a consensus rating of “Hold” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $39.00.

Several equities research analysts recently issued reports on the company. Wells Fargo & Company lifted their price objective on LiveRamp from $34.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LiveRamp in a report on Friday, March 27th. Zacks Research downgraded LiveRamp from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Benchmark cut their price objective on LiveRamp from $53.00 to $38.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. Finally, Evercore started coverage on shares of LiveRamp in a research report on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 price objective on the stock.

LiveRamp Price Performance

NYSE RAMP opened at $26.59 on Thursday. The company’s 50 day simple moving average is $26.03 and its two-hundred day simple moving average is $27.48. LiveRamp has a 1 year low of $21.71 and a 1 year high of $35.20. The stock has a market capitalization of $1.68 billion, a PE ratio of 25.09 and a beta of 1.12.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $212.20 million during the quarter, compared to analyst estimates of $211.68 million. LiveRamp had a net margin of 8.64% and a return on equity of 6.40%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 EPS. On average, research analysts anticipate that LiveRamp will post 0.48 EPS for the current year.

LiveRamp declared that its board has approved a share buyback program on Thursday, February 12th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to buy up to 13.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Institutional Trading of LiveRamp

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new stake in shares of LiveRamp during the 2nd quarter worth $31,000. Strs Ohio bought a new stake in LiveRamp during the first quarter worth about $31,000. Hantz Financial Services Inc. lifted its stake in LiveRamp by 197.0% during the fourth quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock worth $32,000 after purchasing an additional 727 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in shares of LiveRamp in the 3rd quarter worth about $38,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of LiveRamp by 63.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock valued at $44,000 after purchasing an additional 583 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Company Profile

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.