LiveRamp (NYSE:RAMP) Sees Strong Trading Volume – What’s Next?

LiveRamp Holdings, Inc. (NYSE:RAMP) saw unusually-high trading volume on Tuesday . Approximately 1,516,609 shares were traded during trading, an increase of 58% from the previous session’s volume of 961,358 shares.The stock last traded at $37.63 and had previously closed at $37.70.

Analysts Set New Price Targets

RAMP has been the topic of a number of analyst reports. Evercore initiated coverage on shares of LiveRamp in a research note on Tuesday, March 24th. They set an “outperform” rating and a $37.00 target price on the stock. Benchmark lowered their target price on shares of LiveRamp from $53.00 to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. Wells Fargo & Company boosted 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. Morgan Stanley set a $38.50 price target on shares of LiveRamp in a research note on Friday. Finally, DA Davidson cut shares of LiveRamp from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $35.00 to $38.50 in a research note on Monday, May 18th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $40.21.

LiveRamp Trading Down 0.1%

The firm has a market cap of $2.38 billion, a PE ratio of 16.52 and a beta of 1.19. The firm’s 50 day simple moving average is $29.12 and its 200 day simple moving average is $28.11.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Sunday, May 17th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The business had revenue of $206.09 million for 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 quarter in the previous year, the company earned $0.30 EPS. As a group, equities research analysts predict that LiveRamp Holdings, Inc. will post 2.07 earnings per share for the current fiscal year.

LiveRamp announced that its board has authorized a share repurchase program 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 programs are generally an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of LiveRamp

A number of large investors have recently made changes to their positions in the business. NewEdge Advisors LLC increased its holdings in shares of LiveRamp by 6.1% in the 1st quarter. NewEdge Advisors LLC now owns 8,026 shares of the company’s stock worth $213,000 after buying an additional 465 shares during the last quarter. Edgestream Partners L.P. increased its holdings in shares of LiveRamp by 80.0% in the 1st quarter. Edgestream Partners L.P. now owns 25,262 shares of the company’s stock worth $670,000 after buying an additional 11,230 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of LiveRamp by 31.5% in the 1st quarter. Janus Henderson Group PLC now owns 644,396 shares of the company’s stock worth $17,105,000 after buying an additional 154,461 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of LiveRamp by 30.8% in the 1st quarter. California State Teachers Retirement System now owns 80,295 shares of the company’s stock worth $2,129,000 after buying an additional 18,917 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in shares of LiveRamp by 659.7% in the 1st quarter. Quantinno Capital Management LP now owns 133,412 shares of the company’s stock worth $3,538,000 after buying an additional 115,850 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors.

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.