LiveRamp Sees Unusually Large Options Volume (NYSE:RAMP)

LiveRamp Holdings, Inc. (NYSE:RAMP) was the target of unusually large options trading activity on Wednesday. Traders acquired 2,788 call options on the company. This is an increase of 910% compared to the typical daily volume of 276 call options.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RAMP. Evercore started coverage on LiveRamp in a research report on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 price target for the company. Wells Fargo & Company boosted their price objective 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 downgraded shares of LiveRamp from a “buy” rating to a “neutral” rating and raised their target price for the company from $35.00 to $38.50 in a report on Monday. Benchmark reduced their price target 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of LiveRamp in a research report on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $39.43.

LiveRamp Price Performance

RAMP stock traded up $0.08 on Wednesday, hitting $37.76. 1,816,131 shares of the company were exchanged, compared to its average volume of 885,748. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 16.56 and a beta of 1.19. LiveRamp has a twelve month low of $21.71 and a twelve month high of $37.91. The business’s fifty day moving average is $28.42 and its two-hundred day moving average is $27.81.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data on Sunday, May 17th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The company 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 8.33%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 EPS. Equities research analysts expect that LiveRamp will post 2.07 earnings per share for the current year.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in shares of LiveRamp by 246.4% in the 1st quarter. Royal Bank of Canada now owns 19,726 shares of the company’s stock valued at $515,000 after acquiring an additional 14,031 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in LiveRamp in the 1st quarter valued at $212,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in LiveRamp by 1.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,234 shares of the company’s stock valued at $999,000 after purchasing an additional 677 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of LiveRamp by 6.9% during the first quarter. Goldman Sachs Group Inc. now owns 377,443 shares of the company’s stock worth $9,866,000 after purchasing an additional 24,330 shares in the last quarter. Finally, Caxton Associates LLP acquired a new position in shares of LiveRamp during the first quarter worth about $309,000. 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.