LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) gapped up before the market opened on Thursday after Benchmark raised their price target on the stock from $45.00 to $48.00. The stock had previously closed at $28.07, but opened at $32.08. Benchmark currently has a buy rating on the stock. LiveRamp shares last traded at $35.14, with a volume of 530,290 shares.
Other analysts also recently issued reports about the company. Morgan Stanley reaffirmed an "equal weight" rating on shares of LiveRamp in a report on Wednesday, April 16th. Wells Fargo & Company raised their target price on LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Thursday. Evercore ISI reaffirmed an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. Finally, StockNews.com raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $39.67.
Check Out Our Latest Stock Analysis on RAMP
Hedge Funds Weigh In On LiveRamp
A number of institutional investors have recently modified their holdings of RAMP. Tributary Capital Management LLC acquired a new position in LiveRamp in the fourth quarter valued at $15,251,000. Boston Partners grew its holdings in shares of LiveRamp by 109.4% during the fourth quarter. Boston Partners now owns 690,057 shares of the company's stock worth $21,331,000 after buying an additional 360,440 shares during the last quarter. Pacer Advisors Inc. increased its position in LiveRamp by 9,007.8% in the 1st quarter. Pacer Advisors Inc. now owns 344,822 shares of the company's stock valued at $9,014,000 after acquiring an additional 341,036 shares during the period. Vanguard Group Inc. increased its position in LiveRamp by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 9,131,290 shares of the company's stock valued at $238,692,000 after acquiring an additional 283,747 shares during the period. Finally, Nuveen LLC purchased a new stake in LiveRamp during the 1st quarter valued at approximately $6,123,000. 93.83% of the stock is owned by institutional investors and hedge funds.
LiveRamp Price Performance
The company has a 50 day moving average price of $26.62 and a 200 day moving average price of $29.38. The firm has a market cap of $2.30 billion, a PE ratio of 3,490.00 and a beta of 1.02.
LiveRamp (NYSE:RAMP - Get Free Report) last issued its earnings results on Wednesday, May 21st. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $188.72 million during the quarter, compared to analysts' expectations of $185.41 million. LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. The firm's revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 EPS. On average, equities analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.
About LiveRamp
(
Get Free Report)
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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