LiveRamp Holdings, Inc. (NYSE:RAMP) Receives $39.40 Average PT from Analysts

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $39.40.

Several equities analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of LiveRamp in a research note on Monday, December 29th. Wells Fargo & Company upped their price target 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. Morgan Stanley increased their price objective on shares of LiveRamp from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, November 13th. Zacks Research lowered shares of LiveRamp from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, Benchmark dropped their target price on shares of LiveRamp from $53.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd.

Institutional Investors Weigh In On LiveRamp

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

LiveRamp Stock Performance

NYSE:RAMP opened at $28.55 on Friday. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 26.94 and a beta of 1.12. LiveRamp has a one year low of $21.71 and a one year high of $35.20. The business’s 50-day simple moving average is $25.99 and its 200 day simple moving average is $27.54.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data 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 return on equity of 6.40% and a net margin of 8.64%.The firm 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 earned $0.55 EPS. LiveRamp’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities research analysts predict that LiveRamp will post 0.48 EPS for the current year.

LiveRamp announced that its Board of Directors has initiated a stock buyback plan on Thursday, February 12th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to buy up to 13.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.