Benchmark Reaffirms Buy Rating for LiveRamp (NYSE:RAMP)

LiveRamp (NYSE:RAMP - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at Benchmark in a research note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a $48.00 price target on the stock, up from their prior price target of $45.00. Benchmark's price target indicates a potential upside of 43.45% from the stock's previous close.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company upped their price target on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research note on Thursday. Wall Street Zen upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Evercore ISI reaffirmed an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. Finally, Morgan Stanley reiterated an "equal weight" rating on shares of LiveRamp in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $39.67.

LiveRamp Price Performance

NYSE:RAMP opened at $33.46 on Thursday. The company's 50-day moving average is $26.76 and its two-hundred day moving average is $29.44. LiveRamp has a 1-year low of $21.45 and a 1-year high of $38.00. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 3,346.00 and a beta of 1.02.

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

Hedge Funds Weigh In On LiveRamp

A number of hedge funds have recently made changes to their positions in RAMP. Tributary Capital Management LLC purchased a new position in shares of LiveRamp during the 4th quarter worth approximately $15,251,000. Boston Partners boosted its position in shares of LiveRamp by 109.4% during the 4th quarter. Boston Partners now owns 690,057 shares of the company's stock worth $21,331,000 after purchasing an additional 360,440 shares during the period. Pacer Advisors Inc. boosted its position in shares of LiveRamp by 9,007.8% during the 1st quarter. Pacer Advisors Inc. now owns 344,822 shares of the company's stock worth $9,014,000 after purchasing an additional 341,036 shares during the period. Vanguard Group Inc. boosted its position in shares of LiveRamp by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 9,131,290 shares of the company's stock worth $238,692,000 after purchasing an additional 283,747 shares during the period. Finally, Nuveen LLC purchased a new position in shares of LiveRamp during the 1st quarter worth approximately $6,123,000. 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.