LiveRamp (NYSE:RAMP) Given New $45.00 Price Target at Evercore ISI

LiveRamp (NYSE:RAMP) had its target price raised by Evercore ISI from $40.00 to $45.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts have also recently weighed in on RAMP. StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Wells Fargo & Company initiated coverage on shares of LiveRamp in a research report on Monday, October 28th. They set an “equal weight” rating and a $25.00 price target for the company. Morgan Stanley raised their price objective on shares of LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday. Macquarie reissued an “outperform” rating and issued a $43.00 price objective on shares of LiveRamp in a research note on Thursday, November 7th. Finally, Benchmark reissued a “buy” rating and issued a $42.00 price objective on shares of LiveRamp in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.86.

LiveRamp Price Performance

Shares of RAMP stock opened at $35.49 on Thursday. LiveRamp has a 1-year low of $21.45 and a 1-year high of $42.10. The firm has a market cap of $2.32 billion, a PE ratio of 709.92 and a beta of 0.96. The company has a 50-day moving average of $31.77 and a two-hundred day moving average of $28.11.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. Sell-side analysts anticipate that LiveRamp will post 0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RAMP. DT Investment Partners LLC lifted its stake in LiveRamp by 62.6% in the third quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock worth $35,000 after acquiring an additional 545 shares during the last quarter. First Horizon Advisors Inc. purchased a new position in LiveRamp in the fourth quarter worth approximately $38,000. Smartleaf Asset Management LLC lifted its stake in LiveRamp by 477.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock worth $49,000 after acquiring an additional 1,332 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of LiveRamp by 232.2% during the 4th quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock worth $52,000 after buying an additional 1,189 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of LiveRamp by 101.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock worth $62,000 after buying an additional 1,027 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Company Profile

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.