LiveRamp Holdings, Inc. (NYSE:RAMP) Sees Significant Growth in Short Interest

LiveRamp Holdings, Inc. (NYSE:RAMP) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 2,087,247 shares, an increase of 22.6% from the January 29th total of 1,702,673 shares. Approximately 3.4% of the shares of the company are sold short. Based on an average trading volume of 925,475 shares, the days-to-cover ratio is currently 2.3 days. Based on an average trading volume of 925,475 shares, the days-to-cover ratio is currently 2.3 days. Approximately 3.4% of the shares of the company are sold short.

LiveRamp Stock Performance

Shares of LiveRamp stock traded up $0.57 on Thursday, hitting $29.23. The company’s stock had a trading volume of 620,229 shares, compared to its average volume of 802,998. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 27.58 and a beta of 1.12. The firm has a fifty day moving average price of $26.06 and a 200-day moving average price of $27.46. LiveRamp has a 1 year low of $21.71 and a 1 year high of $35.20.

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

LiveRamp declared that its board has approved a share repurchase plan on Thursday, February 12th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 13.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On LiveRamp

A number of large investors have recently made changes to their positions in the company. Lido Advisors LLC grew its position in shares of LiveRamp by 4.8% in the 4th quarter. Lido Advisors LLC now owns 9,418 shares of the company’s stock valued at $261,000 after acquiring an additional 429 shares during the period. Central Pacific Bank Trust Division boosted its stake in LiveRamp by 4.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 10,169 shares of the company’s stock valued at $299,000 after acquiring an additional 470 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of LiveRamp by 18.8% in the third quarter. Parkside Financial Bank & Trust now owns 3,080 shares of the company’s stock valued at $84,000 after purchasing an additional 487 shares during the period. Engineers Gate Manager LP increased its position in LiveRamp by 0.5% during the second quarter. Engineers Gate Manager LP now owns 113,424 shares of the company’s stock valued at $3,748,000 after acquiring an additional 561 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of LiveRamp by 8.8% in the 3rd quarter. US Bancorp DE now owns 6,944 shares of the company’s stock worth $188,000 after acquiring an additional 564 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RAMP. Weiss Ratings reissued a “hold (c)” rating on shares of LiveRamp in a research report on Monday, December 29th. Benchmark decreased their price target on LiveRamp from $53.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. DA Davidson reduced their price target on shares of LiveRamp from $45.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Morgan Stanley lifted their price objective on LiveRamp from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, November 13th. Finally, Wells Fargo & Company upped their price objective on LiveRamp from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, February 6th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $39.40.

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.