LiveRamp (NYSE:RAMP) Stock Price Expected to Rise, Morgan Stanley Analyst Says

LiveRamp (NYSE:RAMP) had its target price upped by Morgan Stanley from $35.00 to $38.00 in a report released on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 7.87% from the stock’s current price.

A number of other equities analysts have also 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. Benchmark reiterated a “buy” rating and issued a $42.00 price objective on shares of LiveRamp in a research report on Tuesday. Macquarie reiterated an “outperform” rating and issued a $43.00 price objective on shares of LiveRamp in a research report on Thursday, November 7th. Finally, Wells Fargo & Company started coverage on shares of LiveRamp in a research report on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $40.86.

LiveRamp Price Performance

Shares of LiveRamp stock opened at $35.23 on Thursday. The firm’s fifty day simple moving average is $31.86 and its 200-day simple moving average is $28.13. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 704.70 and a beta of 0.96. LiveRamp has a 12 month low of $21.45 and a 12 month high of $42.10.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data 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%. Analysts anticipate that LiveRamp will post 0.36 earnings per share for the current year.

Institutional Investors Weigh In On LiveRamp

Institutional investors have recently made changes to their positions in the stock. DT Investment Partners LLC boosted its position in shares of LiveRamp by 62.6% in the 3rd quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock worth $35,000 after buying an additional 545 shares in the last quarter. First Horizon Advisors Inc. purchased a new stake in shares of LiveRamp in the 4th quarter worth about $38,000. Smartleaf Asset Management LLC boosted its position in shares of LiveRamp by 477.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock worth $49,000 after buying an additional 1,332 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of LiveRamp by 232.2% in 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 in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in shares of LiveRamp by 101.5% in 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 in the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

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.