Evercore ISI Raises LiveRamp (NYSE:RAMP) Price Target to $45.00

LiveRamp (NYSE:RAMP) had its price objective lifted by Evercore ISI from $40.00 to $45.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Evercore ISI’s target price would suggest a potential upside of 25.91% from the stock’s previous close.

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

LiveRamp Price Performance

LiveRamp stock traded up $1.23 during mid-day trading on Thursday, hitting $35.74. 209,269 shares of the company’s stock traded hands, compared to its average volume of 489,008. The firm has a 50 day simple moving average of $31.67 and a two-hundred day simple moving average of $28.06. LiveRamp has a fifty-two week low of $21.45 and a fifty-two week high of $42.10. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 711.54 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last released its 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%. On average, research analysts anticipate that LiveRamp will post 0.36 earnings per share for the current fiscal year.

Institutional Trading of LiveRamp

Several large investors have recently modified their holdings of RAMP. First Horizon Advisors Inc. acquired a new stake in LiveRamp during the 4th quarter valued at $38,000. DT Investment Partners LLC lifted its position in LiveRamp by 62.6% during the third quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock worth $35,000 after buying an additional 545 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of LiveRamp by 477.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock valued at $49,000 after acquiring an additional 1,332 shares in the last quarter. GAMMA Investing LLC boosted its holdings in LiveRamp by 232.2% in the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock worth $52,000 after purchasing an additional 1,189 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in LiveRamp by 101.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock valued at $62,000 after acquiring an additional 1,027 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

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.