LiveRamp Holdings, Inc. (NYSE:RAMP) Receives Average Rating of “Hold” from Analysts

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have been given an average rating of “Hold” by the seven brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $39.40.

Several research firms recently commented on RAMP. Zacks Research downgraded LiveRamp from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. DA Davidson decreased their target price on LiveRamp from $45.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, February 6th. 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. Morgan Stanley upped their price target on LiveRamp from $30.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, November 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of LiveRamp in a research note on Monday, December 29th.

Hedge Funds Weigh In On LiveRamp

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

LiveRamp Stock Performance

Shares of RAMP stock opened at $29.42 on Friday. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 27.75 and a beta of 1.12. LiveRamp has a 52 week low of $21.71 and a 52 week high of $35.20. The firm’s 50-day simple moving average is $26.04 and its two-hundred day simple moving average is $27.49.

LiveRamp (NYSE:RAMP) last released its earnings results on Thursday, February 5th. The company reported $0.76 earnings per share for the quarter, beating 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 firm had revenue of $212.20 million for the quarter, compared to analysts’ expectations of $211.68 million. During the same period in the previous year, the company earned $0.55 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. 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 plan on Thursday, February 12th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 13.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

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.