LiveRamp (NYSE:RAMP) Now Covered by Analysts at Evercore

Evercore started coverage on shares of LiveRamp (NYSE:RAMP) in a report released on Tuesday morning, MarketBeat reports. The firm issued an outperform rating and a $37.00 price objective on the stock.

RAMP has been the subject of a number of other research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of LiveRamp in a research note on Monday, December 29th. Benchmark lowered their target price on LiveRamp from $53.00 to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. Wells Fargo & Company raised their target price 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 reduced their price target 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, Zacks Research downgraded LiveRamp from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, LiveRamp presently has an average rating of “Hold” and a consensus price target of $39.00.

LiveRamp Price Performance

RAMP stock opened at $25.85 on Tuesday. The company has a market capitalization of $1.63 billion, a P/E ratio of 24.38 and a beta of 1.12. LiveRamp has a 12 month low of $21.71 and a 12 month high of $35.20. The firm’s fifty day simple moving average is $25.93 and its 200-day simple moving average is $27.52.

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 the consensus estimate of $0.69 by $0.07. LiveRamp had a net margin of 8.64% and a return on equity of 6.40%. The firm had revenue of $212.20 million during the quarter, compared to analysts’ expectations of $211.68 million. During the same quarter last year, the company posted $0.55 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts forecast that LiveRamp will post 0.48 earnings per share for the current year.

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

Hedge Funds Weigh In On LiveRamp

Several hedge funds and other institutional investors have recently made changes to their positions in RAMP. Lido Advisors LLC raised its stake in LiveRamp by 4.8% in the 4th quarter. Lido Advisors LLC now owns 9,418 shares of the company’s stock valued at $261,000 after purchasing an additional 429 shares during the last quarter. Central Pacific Bank Trust Division boosted its stake in LiveRamp by 4.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 10,169 shares of the company’s stock worth $299,000 after purchasing an additional 470 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in LiveRamp by 18.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 3,080 shares of the company’s stock worth $84,000 after purchasing an additional 487 shares during the last quarter. Engineers Gate Manager LP grew its holdings in shares of LiveRamp by 0.5% during the second quarter. Engineers Gate Manager LP now owns 113,424 shares of the company’s stock worth $3,748,000 after buying an additional 561 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of LiveRamp by 8.8% in the third quarter. US Bancorp DE now owns 6,944 shares of the company’s stock valued at $188,000 after buying an additional 564 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

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.