Analysts Set LiveRamp Holdings, Inc. (NYSE:RAMP) PT at $39.00

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have earned a consensus rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $39.00.

RAMP has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of LiveRamp in a research report on Friday, March 27th. Wells Fargo & Company upped 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. DA Davidson cut their target price on shares of LiveRamp from $45.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Zacks Research downgraded shares of LiveRamp from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, Evercore started coverage on shares of LiveRamp in a research note on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 price target on the stock.

LiveRamp Stock Down 0.0%

NYSE RAMP opened at $27.15 on Thursday. LiveRamp has a twelve month low of $21.71 and a twelve month high of $35.20. The business has a 50-day moving average price of $26.09 and a 200-day moving average price of $27.49. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 25.62 and a beta of 1.16.

LiveRamp (NYSE:RAMP) last issued its earnings results on Thursday, February 5th. The company reported $0.76 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $211.68 million. During the same quarter last year, the company earned $0.55 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts expect that LiveRamp will post 0.48 EPS for the current fiscal year.

LiveRamp declared that its Board of Directors has authorized a share buyback plan on Thursday, February 12th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to reacquire up to 13.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On LiveRamp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RAMP. Headlands Technologies LLC bought a new stake in LiveRamp in the 2nd quarter worth approximately $31,000. Strs Ohio bought a new position in shares of LiveRamp during the 1st quarter valued at approximately $31,000. Hantz Financial Services Inc. boosted its position in shares of LiveRamp by 197.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock valued at $32,000 after acquiring an additional 727 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in shares of LiveRamp in the third quarter valued at $38,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of 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. 93.83% of the stock is owned by institutional investors.

LiveRamp Company Profile

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.