LiveRamp (NYSE:RAMP) Price Target Lowered to $28.00 at Morgan Stanley

LiveRamp (NYSE:RAMP - Get Free Report) had its target price decreased by Morgan Stanley from $38.00 to $28.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's price objective would suggest a potential upside of 13.68% from the stock's previous close.

Several other equities analysts also recently issued reports on the company. Evercore ISI upped their target price on LiveRamp from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Benchmark restated a "buy" rating and issued a $45.00 price objective on shares of LiveRamp in a research note on Wednesday, February 26th. Finally, StockNews.com lowered shares of LiveRamp from a "strong-buy" rating to a "buy" rating in a research report on Saturday, April 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $38.17.

LiveRamp Stock Performance

RAMP stock traded down $0.30 on Wednesday, hitting $24.63. 624,091 shares of the company's stock were exchanged, compared to its average volume of 632,604. The firm has a 50 day moving average price of $27.76 and a two-hundred day moving average price of $28.97. LiveRamp has a 12-month low of $21.45 and a 12-month high of $38.00. The stock has a market cap of $1.62 billion, a P/E ratio of 2,463.00 and a beta of 1.05.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. Sell-side analysts expect that LiveRamp will post 0.48 earnings per share for the current fiscal year.

Insider Activity

In other news, CTO Mohsin Hussain sold 3,554 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $33.67, for a total transaction of $119,663.18. Following the transaction, the chief technology officer now owns 57,594 shares in the company, valued at $1,939,189.98. This trade represents a 5.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Vihan Sharma sold 39,845 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the completion of the sale, the executive now directly owns 110,902 shares of the company's stock, valued at approximately $3,943,675.12. The trade was a 26.43 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.39% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. boosted its stake in LiveRamp by 7.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,906 shares of the company's stock worth $210,000 after buying an additional 462 shares during the last quarter. Carolina Wealth Advisors LLC lifted its holdings in shares of LiveRamp by 2.2% during the 4th quarter. Carolina Wealth Advisors LLC now owns 25,608 shares of the company's stock worth $778,000 after acquiring an additional 560 shares during the period. Summit Trail Advisors LLC lifted its holdings in shares of LiveRamp by 0.5% during the 4th quarter. Summit Trail Advisors LLC now owns 115,924 shares of the company's stock worth $3,521,000 after acquiring an additional 625 shares during the period. Azzad Asset Management Inc. ADV boosted its position in shares of LiveRamp by 3.1% in the first quarter. Azzad Asset Management Inc. ADV now owns 22,870 shares of the company's stock worth $598,000 after acquiring an additional 695 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in LiveRamp by 63.0% in the first quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock valued at $67,000 after purchasing an additional 989 shares during the period. 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.