LiveRamp (NYSE:RAMP) Sees Strong Trading Volume – Time to Buy?

LiveRamp Holdings, Inc. (NYSE:RAMP) saw strong trading volume on Wednesday . 1,223,405 shares were traded during mid-day trading, an increase of 13% from the previous session’s volume of 1,082,195 shares.The stock last traded at $37.54 and had previously closed at $37.58.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. DA Davidson cut shares of LiveRamp from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $35.00 to $38.50 in a report on Monday, May 18th. Morgan Stanley set a $38.50 price objective on shares of LiveRamp in a report on Friday, May 22nd. Evercore assumed coverage on shares of LiveRamp in a report on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 price objective for the company. Craig Hallum cut shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price objective for the company. in a report on Tuesday, May 19th. Finally, Weiss Ratings raised shares of LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $40.21.

LiveRamp Price Performance

The firm has a market cap of $2.25 billion, a PE ratio of 16.39 and a beta of 1.27. The business’s 50 day moving average price is $30.76 and its 200 day moving average price is $28.55.

LiveRamp (NYSE:RAMP) last released its earnings results on Sunday, May 17th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $206.09 million during the quarter, compared to analysts’ expectations of $205.49 million. LiveRamp had a net margin of 17.95% and a return on equity of 8.28%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.30 earnings per share. As a group, analysts predict that LiveRamp Holdings, Inc. will post 2.07 earnings per share for the current year.

LiveRamp announced that its board has approved a share repurchase program on Thursday, February 12th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to reacquire up to 13.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Institutional Trading of LiveRamp

Several large investors have recently bought and sold shares of the business. Azzad Asset Management Inc. ADV lifted its holdings in shares of LiveRamp by 1.1% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 32,887 shares of the company’s stock worth $872,000 after acquiring an additional 353 shares during the last quarter. Lido Advisors LLC increased its stake in LiveRamp by 4.8% during the 4th quarter. Lido Advisors LLC now owns 9,418 shares of the company’s stock worth $261,000 after buying an additional 429 shares during the period. NewEdge Advisors LLC increased its stake in LiveRamp by 6.1% during the 1st quarter. NewEdge Advisors LLC now owns 8,026 shares of the company’s stock worth $213,000 after buying an additional 465 shares during the period. Central Pacific Bank Trust Division increased its stake in LiveRamp by 4.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 10,169 shares of the company’s stock worth $299,000 after buying an additional 470 shares during the period. Finally, Engineers Gate Manager LP increased its stake in LiveRamp by 0.5% during the 2nd quarter. Engineers Gate Manager LP now owns 113,424 shares of the company’s stock worth $3,748,000 after buying an additional 561 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

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.