LiveRamp (NYSE:RAMP) Shares Gap Up After Analyst Upgrade

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) gapped up prior to trading on Thursday after Morgan Stanley raised their price target on the stock from $28.00 to $34.00. The stock had previously closed at $28.07, but opened at $32.08. Morgan Stanley currently has an equal weight rating on the stock. LiveRamp shares last traded at $35.14, with a volume of 530,290 shares trading hands.

Other analysts have also recently issued reports about the company. Wells Fargo & Company increased their target price on LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. Evercore ISI reiterated an "underperform" rating on shares of LiveRamp in a report on Wednesday, April 16th. Wall Street Zen raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Benchmark reaffirmed a "buy" rating and issued a $48.00 price objective (up from $45.00) on shares of LiveRamp in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.67.

Institutional Investors Weigh In On LiveRamp

Several institutional investors and hedge funds have recently added to or reduced their stakes in RAMP. Barclays PLC grew its holdings in shares of LiveRamp by 56.3% in the 3rd quarter. Barclays PLC now owns 438,121 shares of the company's stock valued at $10,857,000 after acquiring an additional 157,775 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in LiveRamp by 30.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 41,205 shares of the company's stock valued at $1,251,000 after purchasing an additional 9,737 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in LiveRamp by 4.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 70,193 shares of the company's stock valued at $2,132,000 after purchasing an additional 2,872 shares in the last quarter. KBC Group NV grew its stake in LiveRamp by 57.0% in the fourth quarter. KBC Group NV now owns 3,457 shares of the company's stock valued at $105,000 after purchasing an additional 1,255 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new position in shares of LiveRamp during the 4th quarter worth approximately $115,000. 93.83% of the stock is owned by institutional investors.

LiveRamp Trading Up 2.7%

The company has a market cap of $2.09 billion, a P/E ratio of 3,176.00 and a beta of 1.02. The business has a 50 day moving average price of $26.92 and a 200-day moving average price of $29.52.

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 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 firm had revenue of $188.72 million for the quarter, compared to analyst estimates of $185.41 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. LiveRamp's quarterly revenue was up 9.8% on a year-over-year basis. On average, sell-side analysts expect that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

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.