LiveRamp Holdings, Inc. (NYSE:RAMP) Given Consensus Recommendation of “Hold” by Brokerages

LiveRamp Holdings, Inc. (NYSE:RAMP) has been given an average recommendation of “Hold” by the seven ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $39.40.

A number of analysts have recently weighed in on RAMP shares. Benchmark reduced their target price on shares of LiveRamp from $53.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Morgan Stanley boosted their price objective on LiveRamp from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 13th. Zacks Research downgraded LiveRamp from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Cross Research set a $53.00 target price on LiveRamp in a report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of LiveRamp in a research report on Monday, December 29th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Schroder Investment Management Group boosted its holdings in LiveRamp by 3.9% during the 4th quarter. Schroder Investment Management Group now owns 2,609,061 shares of the company’s stock valued at $77,750,000 after acquiring an additional 96,867 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in shares of LiveRamp in the fourth quarter worth about $55,256,000. Fort Washington Investment Advisors Inc. OH increased its stake in LiveRamp by 11.3% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,431,189 shares of the company’s stock worth $42,034,000 after buying an additional 145,745 shares during the period. Boston Partners lifted its holdings in LiveRamp by 56.6% during the 3rd quarter. Boston Partners now owns 1,269,623 shares of the company’s stock valued at $34,746,000 after buying an additional 459,094 shares in the last quarter. Finally, Tributary Capital Management LLC grew its stake in 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 in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Price Performance

NYSE RAMP opened at $24.39 on Wednesday. LiveRamp has a 1-year low of $21.71 and a 1-year high of $35.20. The business has a 50 day simple moving average of $26.96 and a two-hundred day simple moving average of $27.68. The stock has a market capitalization of $1.54 billion, a PE ratio of 23.01 and a beta of 1.13.

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

LiveRamp declared that its board has authorized a share 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 usually 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.