Brokerages Set LiveRamp Holdings, Inc. (NYSE:RAMP) Target Price at $39.43

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have been assigned an average recommendation of “Hold” from the eight research firms that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $40.2143.

Several research analysts recently weighed in on RAMP shares. Benchmark lowered their price objective on LiveRamp from $53.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Evercore started coverage on LiveRamp in a research report on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 price objective for the company. Morgan Stanley set a $38.50 price objective on LiveRamp in a research report on Friday, May 22nd. Craig Hallum lowered LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price objective for the company. in a research report on Tuesday, May 19th. Finally, DA Davidson lowered LiveRamp from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $35.00 to $38.50 in a research report on Monday, May 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of LiveRamp by 15.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,772,213 shares of the company’s stock worth $73,519,000 after buying an additional 365,894 shares during the period. Schroder Investment Management Group boosted its position in shares of LiveRamp by 3.9% during the fourth quarter. Schroder Investment Management Group now owns 2,609,061 shares of the company’s stock worth $77,750,000 after buying an additional 96,867 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its position in shares of LiveRamp by 37.0% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,960,674 shares of the company’s stock worth $51,997,000 after buying an additional 529,485 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in shares of LiveRamp during the fourth quarter worth $55,256,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of LiveRamp by 16.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,550,435 shares of the company’s stock worth $41,118,000 after buying an additional 213,706 shares during the period. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

LiveRamp Stock Performance

NYSE:RAMP opened at $37.54 on Friday. The stock has a market cap of $2.26 billion, a PE ratio of 16.46 and a beta of 1.19. LiveRamp has a one year low of $21.71 and a one year high of $37.91. The stock has a 50 day moving average price of $29.71 and a 200 day moving average price of $28.29.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Sunday, May 17th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $206.09 million during the quarter, compared to analyst estimates of $205.49 million. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 earnings per share. As a group, analysts predict that LiveRamp will post 2.07 earnings per share for the current fiscal year.

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

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.