Benchmark Boosts LiveRamp (NYSE:RAMP) Price Target to $56.00

LiveRamp (NYSE:RAMP) had its price objective lifted by Benchmark from $51.00 to $56.00 in a research report released on Thursday morning, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on RAMP. StockNews.com raised shares of LiveRamp from a buy rating to a strong-buy rating in a research note on Tuesday, April 16th. Morgan Stanley reduced their price target on shares of LiveRamp from $49.00 to $45.00 and set an overweight rating for the company in a research report on Thursday. Finally, Susquehanna lifted their price objective on LiveRamp from $45.00 to $50.00 and gave the stock a positive rating in a report on Friday, February 9th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of Buy and a consensus price target of $50.25.

LiveRamp Stock Down 6.7 %

Shares of LiveRamp stock opened at $31.99 on Thursday. The firm has a market cap of $2.12 billion, a PE ratio of 177.73 and a beta of 1.00. LiveRamp has a twelve month low of $23.15 and a twelve month high of $42.66. The business has a 50-day moving average price of $33.26 and a 200 day moving average price of $35.19.

Hedge Funds Weigh In On LiveRamp

Several hedge funds and other institutional investors have recently modified their holdings of the business. Headlands Technologies LLC acquired a new stake in LiveRamp in the 4th quarter valued at about $29,000. Parkside Financial Bank & Trust lifted its position in LiveRamp by 198.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 786 shares of the company’s stock worth $30,000 after buying an additional 523 shares in the last quarter. Pacer Advisors Inc. boosted its stake in LiveRamp by 62.9% during the fourth quarter. Pacer Advisors Inc. now owns 1,908 shares of the company’s stock worth $72,000 after buying an additional 737 shares during the last quarter. Covestor Ltd grew its holdings in LiveRamp by 44.9% in the 1st quarter. Covestor Ltd now owns 2,131 shares of the company’s stock valued at $73,000 after buying an additional 660 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of LiveRamp in the 4th quarter worth $93,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

About LiveRamp

LiveRamp Holdings, Inc, a technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally. The company operates LiveRamp Data Collaboration platform enables an organization to unify customer and prospect data to build a single view of the customer in a way that protects consumer privacy.