LiveRamp Holdings, Inc. (NYSE:RAMP) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Seven analysts have a consensus recommendation of "Hold" on LiveRamp (four hold, three buy) with an average 1‑year price target of $39.00.
• LiveRamp's most recent quarter beat estimates, reporting EPS of $0.76 versus $0.69 expected and revenue of $212.2 million, up 8.6% year‑over‑year.
• The board approved a $200.00 million share repurchase program authorizing buybacks of up to 13.6% of outstanding shares.

LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) has earned a consensus recommendation of "Hold" from the seven research firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $39.00.

A number of analysts recently weighed in on the stock. Benchmark decreased 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. Weiss Ratings reaffirmed a "hold (c)" rating on shares of LiveRamp in a report on Friday, March 27th. Wells Fargo & Company increased their price objective on LiveRamp from $34.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Friday, February 6th. Evercore assumed coverage on LiveRamp in a research note on Tuesday, March 24th. They set an "outperform" rating and a $37.00 price objective for the company. Finally, DA Davidson reduced their target price on LiveRamp from $45.00 to $35.00 and set a "buy" rating for the company in a research report on Friday, February 6th.

LiveRamp Price Performance

Shares of RAMP stock opened at $29.23 on Monday. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 27.57 and a beta of 1.16. The company's fifty day simple moving average is $27.24 and its two-hundred day simple moving average is $27.50. LiveRamp has a 1 year low of $21.71 and a 1 year high of $35.20.

LiveRamp (NYSE:RAMP - Get Free Report) last posted 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 firm had revenue of $212.20 million during the quarter, compared to analyst estimates of $211.68 million. During the same period last year, the company earned $0.55 earnings per share. The business's revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts anticipate that LiveRamp will post 1.3 EPS for the current year.

LiveRamp declared that its board has approved a share buyback program on Thursday, February 12th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to buy up to 13.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new stake in LiveRamp in the second quarter worth approximately $31,000. Hantz Financial Services Inc. lifted its holdings in shares of LiveRamp by 197.0% in the 4th quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company's stock worth $32,000 after acquiring an additional 727 shares during the last quarter. Strs Ohio purchased a new stake in shares of LiveRamp in the 1st quarter valued at $31,000. Picton Mahoney Asset Management bought a new position in shares of LiveRamp during the 3rd quarter valued at $38,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of LiveRamp by 63.1% during the 4th 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 during the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

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.

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