LiveRamp (NYSE:RAMP) Given “Neutral” Rating at DA Davidson

LiveRamp (NYSE:RAMPGet Free Report)‘s stock had its “neutral” rating reiterated by equities research analysts at DA Davidson in a research note issued on Monday,Benzinga reports. They currently have a $38.50 price target on the stock, up from their previous price target of $35.00. DA Davidson’s price target indicates a potential upside of 29.84% from the company’s current price.

Several other brokerages have also recently issued reports on RAMP. Weiss Ratings reissued a “hold (c)” rating on shares of LiveRamp in a report on Friday, March 27th. Wells Fargo & Company raised their target price on shares of LiveRamp from $34.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 6th. Evercore assumed coverage on shares of LiveRamp in a report on Tuesday, March 24th. They set an “outperform” rating and a $37.00 target price for the company. Finally, Benchmark reduced their target price on shares of LiveRamp from $53.00 to $38.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, LiveRamp has a consensus rating of “Hold” and a consensus target price of $39.58.

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LiveRamp Trading Down 0.0%

NYSE:RAMP opened at $29.65 on Monday. The firm has a fifty day simple moving average of $28.08 and a 200-day simple moving average of $27.67. LiveRamp has a 12 month low of $21.71 and a 12 month high of $35.20. The company has a market capitalization of $1.87 billion, a P/E ratio of 27.97 and a beta of 1.19.

LiveRamp (NYSE:RAMPGet Free Report) last issued its earnings results on Monday, May 18th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. LiveRamp had a net margin of 8.64% and a return on equity of 6.40%. The firm had revenue of $206.09 million during the quarter, compared to analysts’ expectations of $205.49 million. Equities analysts forecast that LiveRamp will post 1.3 EPS for the current year.

LiveRamp declared that its board has authorized a share repurchase plan on Thursday, February 12th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to buy up to 13.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RAMP. Sound Income Strategies LLC increased its holdings in LiveRamp by 769.1% in the first quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock valued at $28,000 after buying an additional 946 shares in the last quarter. Headlands Technologies LLC purchased a new position in LiveRamp in the second quarter valued at $31,000. Strs Ohio purchased a new position in LiveRamp in the first quarter valued at $31,000. Hantz Financial Services Inc. increased its holdings in LiveRamp by 197.0% in the fourth 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. Finally, Picton Mahoney Asset Management purchased a new position in LiveRamp in the third quarter valued at $38,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp News Summary

Here are the key news stories impacting LiveRamp this week:

About LiveRamp

(Get Free Report)

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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