LiveRamp (NYSE:RAMP) Price Target Raised to $38.00 at Morgan Stanley

LiveRamp (NYSE:RAMP) had its price objective hoisted by Morgan Stanley from $35.00 to $38.00 in a research note released on Thursday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

RAMP has been the subject of several other research reports. Macquarie restated an “outperform” rating and issued a $43.00 target price on shares of LiveRamp in a report on Thursday, November 7th. StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Benchmark restated a “buy” rating and issued a $42.00 target price on shares of LiveRamp in a report on Tuesday. Finally, Wells Fargo & Company assumed coverage on shares of LiveRamp in a report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 target price for the company. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.86.

LiveRamp Stock Performance

NYSE RAMP opened at $35.49 on Thursday. The company has a market cap of $2.32 billion, a P/E ratio of 709.92 and a beta of 0.96. The business’s 50 day moving average price is $31.77 and its 200-day moving average price is $28.11. LiveRamp has a fifty-two week low of $21.45 and a fifty-two week high of $42.10.

LiveRamp (NYSE:RAMP) last released its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.22). LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. As a group, equities analysts predict that LiveRamp will post 0.36 EPS for the current year.

Institutional Investors Weigh In On LiveRamp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DT Investment Partners LLC lifted its holdings in LiveRamp by 62.6% during the 3rd quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock valued at $35,000 after buying an additional 545 shares in the last quarter. First Horizon Advisors Inc. bought a new stake in shares of LiveRamp in the 4th quarter valued at about $38,000. Smartleaf Asset Management LLC raised its holdings 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 valued at $49,000 after purchasing an additional 1,332 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of LiveRamp by 232.2% in the 4th quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock valued at $52,000 after purchasing an additional 1,189 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings 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 valued at $62,000 after purchasing an additional 1,027 shares in the last quarter. 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.