LiveRamp Holdings, Inc. (NYSE:RAMP) Given Consensus Rating of “Hold” by Analysts

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have received a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $39.00.

A number of equities analysts have weighed in on RAMP shares. Wells Fargo & Company increased their target price on shares of LiveRamp from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, February 6th. Zacks Research lowered shares of LiveRamp from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. DA Davidson dropped their price target on shares of LiveRamp from $45.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of LiveRamp in a research note on Friday, March 27th. Finally, Benchmark reduced their price objective on shares of LiveRamp from $53.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd.

LiveRamp Price Performance

Shares of NYSE RAMP opened at $26.59 on Thursday. LiveRamp has a one year low of $21.71 and a one year high of $35.20. The business’s fifty day moving average price is $26.03 and its 200-day moving average price is $27.48. 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 announced its quarterly earnings data on Thursday, February 5th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. LiveRamp had a return on equity of 6.40% and a net margin of 8.64%.The company had revenue of $212.20 million during the quarter, compared to analyst estimates of $211.68 million. During the same quarter last year, the firm posted $0.55 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts expect that LiveRamp will post 0.48 EPS for the current fiscal 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 repurchase up to 13.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of LiveRamp

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

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.