LiveRamp (NYSE:RAMP) to Buyback $200.00 million in Outstanding Shares

LiveRamp (NYSE:RAMP) declared that its board has authorized a share buyback program on Thursday, February 12th, RTT News reports. The company plans to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 13.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have issued reports on RAMP shares. 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 research note on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of LiveRamp in a report on Monday, December 29th. Benchmark reduced their target price on shares of LiveRamp from $53.00 to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. Cross Research set a $53.00 target price on shares of LiveRamp in a report on Tuesday, November 4th. Finally, DA Davidson dropped their price target on shares of LiveRamp from $45.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, LiveRamp has a consensus rating of “Hold” and an average target price of $39.40.

LiveRamp Price Performance

NYSE RAMP opened at $23.18 on Friday. The stock has a market capitalization of $1.46 billion, a P/E ratio of 21.87 and a beta of 1.13. The firm’s 50-day moving average is $27.06 and its two-hundred day moving average is $27.82. LiveRamp has a 12 month low of $21.71 and a 12 month high of $35.20.

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

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.