Brokerages Set LiveRamp Holdings, Inc. (NYSE:RAMP) Price Target at $39.40

LiveRamp Holdings, Inc. (NYSE:RAMP) has been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $39.40.

A number of research analysts have weighed in on RAMP shares. DA Davidson cut 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. Zacks Research lowered shares of LiveRamp from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Benchmark cut their price objective on shares of LiveRamp from $53.00 to $38.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of LiveRamp in a report on Monday, December 29th. Finally, Morgan Stanley lifted their price target on LiveRamp from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, November 13th.

LiveRamp Trading Up 5.0%

Shares of LiveRamp stock opened at $24.39 on Wednesday. The stock’s fifty day simple moving average is $26.96 and its 200 day simple moving average is $27.76. The company has a market capitalization of $1.54 billion, a PE ratio of 23.01 and a beta of 1.13. LiveRamp has a 12 month low of $21.71 and a 12 month high of $35.20.

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

LiveRamp declared that its Board of Directors has authorized a stock repurchase program on Thursday, February 12th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to purchase up to 13.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RAMP. Lido Advisors LLC increased its stake in LiveRamp by 4.8% in the 4th quarter. Lido Advisors LLC now owns 9,418 shares of the company’s stock valued at $261,000 after buying an additional 429 shares during the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of LiveRamp by 4.8% in the 4th quarter. Central Pacific Bank Trust Division now owns 10,169 shares of the company’s stock valued at $299,000 after acquiring an additional 470 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of LiveRamp by 18.8% in the third quarter. Parkside Financial Bank & Trust now owns 3,080 shares of the company’s stock valued at $84,000 after acquiring an additional 487 shares during the last quarter. Engineers Gate Manager LP raised its holdings in LiveRamp by 0.5% during the second quarter. Engineers Gate Manager LP now owns 113,424 shares of the company’s stock worth $3,748,000 after acquiring an additional 561 shares in the last quarter. Finally, US Bancorp DE raised its holdings in LiveRamp by 8.8% during the third quarter. US Bancorp DE now owns 6,944 shares of the company’s stock worth $188,000 after acquiring an additional 564 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

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.