Wells Fargo & Company Forecasts Strong Price Appreciation for LiveRamp (NYSE:RAMP) Stock

LiveRamp (NYSE:RAMP - Free Report) had its price target boosted by Wells Fargo & Company from $26.00 to $31.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other analysts also recently commented on the company. Wall Street Zen upgraded LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Morgan Stanley reaffirmed an "equal weight" rating on shares of LiveRamp in a research report on Wednesday, April 16th. Benchmark reissued a "buy" rating and issued a $45.00 price target on shares of LiveRamp in a report on Wednesday, February 26th. Finally, Evercore ISI restated an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. One investment 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $40.67.

LiveRamp Trading Up 2.7%

NYSE:RAMP traded up $0.84 during trading hours on Thursday, hitting $31.76. 368,383 shares of the company traded hands, compared to its average volume of 597,822. LiveRamp has a twelve month low of $21.45 and a twelve month high of $36.08. The firm has a 50-day moving average of $26.92 and a 200 day moving average of $29.52. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 3,176.00 and a beta of 1.02.

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

Institutional Trading of LiveRamp

A number of large investors have recently bought and sold shares of RAMP. Summit Investment Advisors Inc. boosted its position in LiveRamp by 7.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,906 shares of the company's stock valued at $210,000 after buying an additional 462 shares in the last quarter. Summit Trail Advisors LLC raised its holdings in shares of LiveRamp by 0.5% in the fourth quarter. Summit Trail Advisors LLC now owns 115,924 shares of the company's stock valued at $3,521,000 after buying an additional 625 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in LiveRamp by 1.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,234 shares of the company's stock worth $999,000 after buying an additional 677 shares in the last quarter. Azzad Asset Management Inc. ADV grew its holdings in LiveRamp by 3.1% during the 1st 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, Empowered Funds LLC grew its holdings in LiveRamp by 12.9% during the 1st 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 last quarter. 93.83% of the stock is currently owned by institutional investors.

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.