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

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

A number of other analysts have also recently commented on the stock. Wells Fargo & Company boosted their target price 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. Benchmark cut their target price on shares of LiveRamp from $53.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of LiveRamp in a research note on Friday, March 27th. Finally, Evercore initiated coverage on shares of LiveRamp in a research report on Tuesday, March 24th. They set an “outperform” rating and a $37.00 price target on the stock. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $39.58.

Check Out Our Latest Report on LiveRamp

LiveRamp Stock Down 0.0%

RAMP stock opened at $29.65 on Monday. The stock has a market capitalization of $1.87 billion, a P/E ratio of 27.97 and a beta of 1.19. The firm has a 50-day simple moving average of $28.08 and a 200-day simple moving average of $27.67. LiveRamp has a 52 week low of $21.71 and a 52 week high of $35.20.

LiveRamp (NYSE:RAMPGet Free Report) last released its earnings results on Monday, May 18th. 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 8.64% and a return on equity of 6.40%. On average, analysts expect that LiveRamp will post 1.3 earnings per share for the current year.

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

Hedge Funds Weigh In On LiveRamp

Institutional investors and hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new position in LiveRamp during the second quarter worth about $31,000. Sound Income Strategies LLC boosted its position in LiveRamp by 769.1% during the first quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock worth $28,000 after acquiring an additional 946 shares during the last quarter. Hantz Financial Services Inc. boosted its position in LiveRamp by 197.0% during the fourth quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock worth $32,000 after acquiring an additional 727 shares during the last quarter. Strs Ohio acquired a new position in LiveRamp during the first quarter worth about $31,000. Finally, Picton Mahoney Asset Management acquired a new position in LiveRamp during the third quarter worth about $38,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting LiveRamp

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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Analyst Recommendations for LiveRamp (NYSE:RAMP)

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