LiveRamp Holdings, Inc. (NYSE:RAMP) Sees Large Growth in Short Interest

LiveRamp Holdings, Inc. (NYSE:RAMP) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 2,733,873 shares, an increase of 31.0% from the February 12th total of 2,087,247 shares. Based on an average daily trading volume, of 1,209,044 shares, the short-interest ratio is presently 2.3 days. Approximately 4.5% of the shares of the stock are short sold. Approximately 4.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,209,044 shares, the short-interest ratio is presently 2.3 days.

LiveRamp Price Performance

NYSE RAMP traded down $0.60 during trading hours on Friday, hitting $27.95. 668,831 shares of the company’s stock traded hands, compared to its average volume of 1,012,054. LiveRamp has a 52-week low of $21.71 and a 52-week high of $35.20. The company has a market capitalization of $1.76 billion, a PE ratio of 26.37 and a beta of 1.12. The firm’s 50-day moving average is $26.01 and its 200-day moving average is $27.54.

LiveRamp (NYSE:RAMP) last released its earnings results on Thursday, February 5th. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $212.20 million for the quarter, compared to analyst estimates of $211.68 million. LiveRamp had a net margin of 8.64% and a return on equity of 6.40%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS. Equities research analysts predict that LiveRamp will post 0.48 earnings per share for the current fiscal year.

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

Hedge Funds Weigh In On LiveRamp

A number of institutional investors have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. acquired a new position in LiveRamp during the fourth quarter worth $55,256,000. Tributary Capital Management LLC increased its stake in shares of LiveRamp by 134.0% in the 3rd quarter. Tributary Capital Management LLC now owns 1,059,040 shares of the company’s stock worth $28,742,000 after acquiring an additional 606,389 shares during the last quarter. Boston Partners raised its holdings in shares of LiveRamp by 56.6% during the 3rd quarter. Boston Partners now owns 1,269,623 shares of the company’s stock worth $34,746,000 after acquiring an additional 459,094 shares during the period. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of LiveRamp by 32.3% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,285,444 shares of the company’s stock worth $34,887,000 after acquiring an additional 313,868 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of LiveRamp by 170.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 473,459 shares of the company’s stock valued at $12,850,000 after acquiring an additional 298,197 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RAMP shares. DA Davidson reduced their target price on LiveRamp from $45.00 to $35.00 and set a “buy” rating for the company in a report on Friday, February 6th. Zacks Research lowered LiveRamp from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Benchmark dropped their price target on LiveRamp from $53.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Wells Fargo & Company increased their price objective on LiveRamp from $34.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, February 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of LiveRamp in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $39.40.

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.