LiveRamp (NYSE:RAMP) Price Target Raised to $31.00

LiveRamp (NYSE:RAMP - Get Free Report) had its price objective increased by Wells Fargo & Company from $26.00 to $31.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective points to a potential downside of 8.52% from the stock's current price.

Several other equities research analysts also recently issued reports on the stock. StockNews.com upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Evercore ISI restated an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. Morgan Stanley reaffirmed an "equal weight" rating on shares of LiveRamp in a report on Wednesday, April 16th. Finally, Benchmark reissued a "buy" rating and set a $45.00 target price on shares of LiveRamp in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, LiveRamp presently has a consensus rating of "Moderate Buy" and an average price target of $39.17.

LiveRamp Stock Performance

Shares of NYSE:RAMP opened at $33.89 on Thursday. The company has a 50-day simple moving average of $26.62 and a 200 day simple moving average of $29.38. The company has a market capitalization of $2.23 billion, a P/E ratio of 3,392.10 and a beta of 1.02. LiveRamp has a 52-week low of $21.45 and a 52-week high of $38.00.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its earnings results on Wednesday, May 21st. The company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.01). LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. The business had revenue of $188.72 million for the quarter, compared to analyst estimates of $185.41 million. During the same period in the previous year, the firm posted $0.25 earnings per share. The firm's revenue was up 9.8% compared to the same quarter last year. As a group, equities analysts forecast that LiveRamp will post 0.48 earnings per share for the current year.

Hedge Funds Weigh In On LiveRamp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Intech Investment Management LLC grew its stake in shares of LiveRamp by 52.8% in the first quarter. Intech Investment Management LLC now owns 53,296 shares of the company's stock worth $1,393,000 after purchasing an additional 18,414 shares during the last quarter. Jane Street Group LLC grew its position in shares of LiveRamp by 68.5% in the 1st quarter. Jane Street Group LLC now owns 180,951 shares of the company's stock valued at $4,730,000 after buying an additional 73,566 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of LiveRamp by 4.5% in 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 valued at $4,466,000 after buying an additional 7,393 shares during the period. Woodline Partners LP increased its stake in shares of LiveRamp by 11.9% in the first quarter. Woodline Partners LP now owns 13,218 shares of the company's stock valued at $346,000 after buying an additional 1,408 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of LiveRamp by 12.9% in the first quarter. Empowered Funds LLC now owns 8,164 shares of the company's stock worth $213,000 after acquiring an additional 936 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

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.

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