Short Interest in LiveRamp Holdings, Inc. (NYSE:RAMP) Expands By 22.6%

LiveRamp Holdings, Inc. (NYSE:RAMP) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 2,087,247 shares, a growth of 22.6% from the January 29th total of 1,702,673 shares. Based on an average trading volume of 925,475 shares, the days-to-cover ratio is presently 2.3 days. Approximately 3.4% of the shares of the company are sold short. Approximately 3.4% of the shares of the company are sold short. Based on an average trading volume of 925,475 shares, the days-to-cover ratio is presently 2.3 days.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Morgan Stanley upped their price objective on LiveRamp from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, November 13th. Benchmark decreased their target price on LiveRamp from $53.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LiveRamp in a report on Monday, December 29th. Wells Fargo & Company upped their price objective on shares of LiveRamp from $34.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. Finally, Zacks Research cut shares of LiveRamp from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, LiveRamp presently has an average rating of “Hold” and a consensus price target of $39.40.

LiveRamp Stock Up 2.7%

Shares of RAMP traded up $0.76 during midday trading on Thursday, reaching $29.42. 208,398 shares of the stock were exchanged, compared to its average volume of 794,570. The stock’s 50 day simple moving average is $26.06 and its 200 day simple moving average is $27.46. The company has a market cap of $1.86 billion, a P/E ratio of 27.75 and a beta of 1.12. LiveRamp has a twelve month low of $21.71 and a twelve month high of $35.20.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.76 EPS for the quarter, beating 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 business had revenue of $212.20 million for the quarter, compared to the consensus estimate of $211.68 million. During the same period in the prior year, the company posted $0.55 earnings per share. LiveRamp’s revenue was up 8.6% compared to the same quarter last year. As a group, analysts predict that LiveRamp will post 0.48 earnings per share for the current year.

LiveRamp announced that its board has authorized a share repurchase plan on Thursday, February 12th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to repurchase up to 13.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On LiveRamp

Large investors have recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. acquired a new position in shares of LiveRamp in the 4th quarter valued at approximately $55,256,000. Tributary Capital Management LLC raised its position in LiveRamp by 134.0% during the third quarter. Tributary Capital Management LLC now owns 1,059,040 shares of the company’s stock valued at $28,742,000 after purchasing an additional 606,389 shares in the last quarter. Boston Partners lifted its stake in LiveRamp by 56.6% during the third quarter. Boston Partners now owns 1,269,623 shares of the company’s stock worth $34,746,000 after purchasing an additional 459,094 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of LiveRamp by 32.3% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,285,444 shares of the company’s stock valued at $34,887,000 after purchasing an additional 313,868 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of LiveRamp by 170.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 473,459 shares of the company’s stock valued at $12,850,000 after purchasing an additional 298,197 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

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.