Short Interest in LiveRamp Holdings, Inc. (NYSE:RAMP) Grows By 31.0%

LiveRamp Holdings, Inc. (NYSE:RAMP) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 2,733,873 shares, an increase of 31.0% from the February 12th total of 2,087,247 shares. Approximately 4.5% of the shares of the company are short sold. Based on an average daily volume of 1,209,044 shares, the days-to-cover ratio is currently 2.3 days. Based on an average daily volume of 1,209,044 shares, the days-to-cover ratio is currently 2.3 days. Approximately 4.5% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of LiveRamp in a report on Monday, December 29th. Wells Fargo & Company upped their price target on shares of LiveRamp from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, February 6th. Zacks Research lowered LiveRamp from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. DA Davidson reduced their price objective on LiveRamp from $45.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Finally, Benchmark reduced their target price on LiveRamp from $53.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.40.

Hedge Funds Weigh In On LiveRamp

Several hedge funds have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. bought a new stake in shares of LiveRamp in the fourth quarter valued at $55,256,000. Tributary Capital Management LLC grew its stake in LiveRamp by 134.0% in the 3rd quarter. Tributary Capital Management LLC now owns 1,059,040 shares of the company’s stock valued at $28,742,000 after buying an additional 606,389 shares in the last quarter. Boston Partners lifted its position in shares of LiveRamp by 56.6% during the third quarter. Boston Partners now owns 1,269,623 shares of the company’s stock worth $34,746,000 after acquiring an additional 459,094 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in LiveRamp by 32.3% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,285,444 shares of the company’s stock worth $34,887,000 after purchasing an additional 313,868 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in LiveRamp by 170.1% during the third quarter. Assenagon Asset Management S.A. now owns 473,459 shares of the company’s stock valued at $12,850,000 after acquiring an additional 298,197 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.

LiveRamp Stock Down 0.7%

RAMP traded down $0.19 during midday trading on Monday, reaching $27.76. 678,386 shares of the company’s stock were exchanged, compared to its average volume of 981,005. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 26.19 and a beta of 1.12. LiveRamp has a one year low of $21.71 and a one year high of $35.20. The business has a 50-day simple moving average of $25.99 and a two-hundred day simple moving average of $27.55.

LiveRamp (NYSE:RAMP) last released its earnings results on Thursday, February 5th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. The firm had revenue of $212.20 million for the quarter, compared to analyst estimates of $211.68 million. LiveRamp had a return on equity of 6.40% and a net margin of 8.64%.The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 earnings per share. As a group, research analysts anticipate that LiveRamp will post 0.48 EPS for the current fiscal year.

LiveRamp announced that its Board of Directors has approved a share buyback plan on Thursday, February 12th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to buy up to 13.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

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.