LiveRamp (NYSE:RAMP) Sees Strong Trading Volume – What’s Next?

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) saw unusually-strong trading volume on Tuesday . Approximately 1,516,609 shares were traded during mid-day trading, an increase of 58% from the previous session’s volume of 961,358 shares.The stock last traded at $37.63 and had previously closed at $37.70.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on RAMP shares. Morgan Stanley set a $38.50 target price on shares of LiveRamp in a research report on Friday. DA Davidson downgraded shares of LiveRamp from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $35.00 to $38.50 in a research report on Monday, May 18th. Wells Fargo & Company lifted their target price on shares of LiveRamp from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, February 6th. Evercore started coverage on shares of LiveRamp in a research report on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 target price for the company. Finally, Benchmark cut 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. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $40.21.

LiveRamp Trading Down 0.1%

The company’s 50 day moving average price is $29.12 and its two-hundred day moving average price is $28.11. The firm has a market cap of $2.38 billion, a PE ratio of 16.52 and a beta of 1.19.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Sunday, May 17th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The business had revenue of $206.09 million for the quarter, compared to analysts’ expectations of $205.49 million. LiveRamp had a net margin of 17.95% and a return on equity of 8.33%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS. Equities research analysts expect that LiveRamp Holdings, Inc. will post 2.07 earnings per share for the current fiscal year.

LiveRamp declared that its board has authorized a share repurchase 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 often an indication that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RAMP. Royal Bank of Canada lifted its stake in shares of LiveRamp by 246.4% during the 1st quarter. Royal Bank of Canada now owns 19,726 shares of the company’s stock valued at $515,000 after buying an additional 14,031 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of LiveRamp during the 1st quarter valued at $212,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of LiveRamp by 1.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,234 shares of the company’s stock valued at $999,000 after buying an additional 677 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of LiveRamp by 6.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 377,443 shares of the company’s stock valued at $9,866,000 after buying an additional 24,330 shares in the last quarter. Finally, Caxton Associates LLP purchased a new position in shares of LiveRamp during the 1st quarter valued at $309,000. Hedge funds and other institutional investors 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.