LiveRamp (NYSE:RAMP) Given New $34.00 Price Target at Morgan Stanley

LiveRamp (NYSE:RAMP) had its price target hoisted by Morgan Stanley from $28.00 to $34.00 in a research note released on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other research firms have also recently weighed in on RAMP. Evercore ISI reiterated an “underperform” rating on shares of LiveRamp in a research note on Wednesday, April 16th. Wells Fargo & Company increased their target price on shares of LiveRamp from $26.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday. Wall Street Zen upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 22nd. Finally, Benchmark restated a “buy” rating and set a $48.00 price target (up previously from $45.00) on shares of LiveRamp in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.67.

LiveRamp Price Performance

RAMP stock opened at $30.87 on Friday. LiveRamp has a 52-week low of $21.45 and a 52-week high of $36.08. The company has a 50-day moving average of $26.84 and a two-hundred day moving average of $29.48. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 3,086.80 and a beta of 1.02.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Wednesday, May 21st. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. The firm had revenue of $188.72 million for the quarter, compared to the consensus estimate of $185.41 million. During the same quarter last year, the company earned $0.25 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. Equities analysts expect that LiveRamp will post 0.48 EPS for the current fiscal year.

Institutional Trading of LiveRamp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Intech Investment Management LLC grew its holdings in LiveRamp by 52.8% during the 1st quarter. Intech Investment Management LLC now owns 53,296 shares of the company’s stock worth $1,393,000 after acquiring an additional 18,414 shares during the period. Jane Street Group LLC boosted its position in shares of LiveRamp by 68.5% during the first quarter. Jane Street Group LLC now owns 180,951 shares of the company’s stock worth $4,730,000 after purchasing an additional 73,566 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of LiveRamp by 4.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 170,842 shares of the company’s stock worth $4,466,000 after purchasing an additional 7,393 shares in the last quarter. Woodline Partners LP boosted its position in shares of LiveRamp by 11.9% during the first quarter. Woodline Partners LP now owns 13,218 shares of the company’s stock worth $346,000 after purchasing an additional 1,408 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in LiveRamp by 12.9% in the 1st quarter. Empowered Funds LLC now owns 8,164 shares of the company’s stock valued at $213,000 after acquiring an additional 936 shares in the last quarter. Institutional investors and hedge funds 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.