LiveRamp Holdings, Inc. (NYSE:RAMP) Sees Large Increase in Short Interest

LiveRamp Holdings, Inc. (NYSE:RAMP) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 2,733,873 shares, a growth of 31.0% from the February 12th total of 2,087,247 shares. Based on an average daily volume of 1,209,044 shares, the short-interest ratio is presently 2.3 days. Currently, 4.5% of the company’s shares are sold short. Currently, 4.5% of the company’s shares are sold short. Based on an average daily volume of 1,209,044 shares, the short-interest ratio is presently 2.3 days.

Institutional Investors Weigh In On LiveRamp

Several institutional investors and hedge funds have recently added to or reduced their stakes in RAMP. Headlands Technologies LLC acquired a new position in shares of LiveRamp in the 2nd quarter valued at about $31,000. Strs Ohio acquired a new stake in LiveRamp during the 1st quarter worth approximately $31,000. Hantz Financial Services Inc. increased its position in LiveRamp by 197.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock worth $32,000 after purchasing an additional 727 shares in the last quarter. Picton Mahoney Asset Management purchased a new position in LiveRamp in the third quarter valued at approximately $38,000. Finally, EverSource Wealth Advisors LLC raised its holdings in LiveRamp by 63.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock valued at $44,000 after buying an additional 583 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

LiveRamp Stock Performance

LiveRamp stock opened at $27.76 on Tuesday. LiveRamp has a 1 year low of $21.71 and a 1 year high of $35.20. The firm has a 50 day moving average price of $25.99 and a 200 day moving average price of $27.55. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 26.19 and a beta of 1.12.

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

LiveRamp declared that its Board of Directors has authorized a stock repurchase program on Thursday, February 12th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 13.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on RAMP shares. Zacks Research lowered shares of LiveRamp from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of LiveRamp in a research note on Monday, December 29th. Wells Fargo & Company raised their price objective on LiveRamp from $34.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 6th. DA Davidson lowered their price objective on LiveRamp from $45.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Finally, Benchmark reduced their target price on LiveRamp from $53.00 to $38.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, LiveRamp presently 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.