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

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

A number of analysts recently issued reports on the company. Wells Fargo & Company increased their target price on LiveRamp from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, February 6th. DA Davidson reduced their price target on shares of LiveRamp from $45.00 to $35.00 and set a “buy” rating for the company in a report on Friday, February 6th. Benchmark lowered their price objective 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. Zacks Research lowered shares of LiveRamp from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, Morgan Stanley increased their target price on LiveRamp from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, November 13th.

Institutional Investors Weigh In On LiveRamp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in LiveRamp during the 2nd quarter worth approximately $31,000. Strs Ohio bought a new stake in shares of LiveRamp in the first quarter worth $31,000. Hantz Financial Services Inc. boosted its holdings in LiveRamp by 197.0% during 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 last quarter. Picton Mahoney Asset Management acquired a new position in LiveRamp during the third quarter worth $38,000. Finally, EverSource Wealth Advisors LLC grew its position in LiveRamp by 63.1% in 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 in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Trading Down 2.2%

NYSE:RAMP opened at $29.03 on Friday. LiveRamp has a 1 year low of $21.71 and a 1 year high of $35.20. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 27.39 and a beta of 1.12. The stock has a 50-day moving average price of $26.03 and a two-hundred day moving average price of $27.52.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.76 EPS for the quarter, topping 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 company had revenue of $212.20 million for the quarter, compared to analyst estimates of $211.68 million. During the same quarter last year, the firm posted $0.55 earnings per share. LiveRamp’s revenue was up 8.6% compared to the same quarter last year. Sell-side analysts forecast that LiveRamp will post 0.48 earnings per share for the current year.

LiveRamp announced that its Board of Directors has approved a share repurchase plan on Thursday, February 12th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 13.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors 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.