LiveRamp (NYSE:RAMP) Research Coverage Started at Evercore

Evercore initiated coverage on shares of LiveRamp (NYSE:RAMP) in a research note released on Tuesday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $37.00 price target on the stock.

RAMP has been the subject of a number of other research reports. DA Davidson reduced their target price on LiveRamp from $45.00 to $35.00 and set a “buy” rating for the company in a report on Friday, February 6th. Wells Fargo & Company lifted their price target on LiveRamp from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of LiveRamp in a research report on Monday, December 29th. Benchmark reduced their price objective on LiveRamp from $53.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Finally, Zacks Research lowered LiveRamp from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $39.00.

LiveRamp Stock Up 1.6%

RAMP opened at $25.93 on Tuesday. The firm’s fifty day simple moving average is $25.93 and its two-hundred day simple moving average is $27.50. LiveRamp has a 52-week low of $21.71 and a 52-week high of $35.20. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 24.46 and a beta of 1.12.

LiveRamp (NYSE:RAMP) last released its 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. The business had revenue of $212.20 million during the quarter, compared to analysts’ expectations of $211.68 million. LiveRamp had a net margin of 8.64% and a return on equity of 6.40%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.55 earnings per share. On average, research analysts forecast that LiveRamp will post 0.48 EPS for the current year.

LiveRamp declared that its board has authorized a share buyback program on Thursday, February 12th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 13.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On LiveRamp

A number of large investors have recently made changes to their positions in RAMP. Headlands Technologies LLC acquired a new stake in shares of LiveRamp in the second quarter valued at approximately $31,000. Hantz Financial Services Inc. grew its holdings in LiveRamp by 197.0% in the 4th quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock valued at $32,000 after buying an additional 727 shares in the last quarter. Strs Ohio purchased a new stake in LiveRamp in the 1st quarter valued at $31,000. Picton Mahoney Asset Management acquired a new stake in shares of LiveRamp in the 3rd quarter worth $38,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of LiveRamp by 63.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock worth $44,000 after acquiring an additional 583 shares during the last quarter. 93.83% of the stock is currently owned by hedge funds and other 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.