LiveRamp (NYSE:RAMP) Receives Buy Rating from Benchmark

Benchmark restated their buy rating on shares of LiveRamp (NYSE:RAMP - Free Report) in a research report released on Thursday morning, Marketbeat.com reports. The firm currently has a $48.00 price objective on the stock, up from their previous price objective of $45.00.

Other equities analysts have also issued research reports about the company. Evercore ISI reissued an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. Wells Fargo & Company boosted their target price on shares of LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Morgan Stanley reiterated an "equal weight" rating on shares of LiveRamp in a research report on Wednesday, April 16th. Finally, Wall Street Zen upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. One 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's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $40.67.

LiveRamp Stock Up 2.7%

Shares of RAMP stock traded up $0.84 during trading hours on Thursday, hitting $31.76. 368,383 shares of the company's stock traded hands, compared to its average volume of 597,822. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 3,176.00 and a beta of 1.02. The stock's fifty day simple moving average is $26.92 and its two-hundred day simple moving average is $29.52. LiveRamp has a 12-month low of $21.45 and a 12-month high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.01). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. The company had revenue of $188.72 million for the quarter, compared to analysts' expectations of $185.41 million. During the same quarter 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. On average, equities analysts forecast that LiveRamp will post 0.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LiveRamp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. purchased a new position in shares of LiveRamp during the 4th quarter valued at $38,000. Quarry LP raised its holdings in LiveRamp by 344.4% during the fourth quarter. Quarry LP now owns 1,462 shares of the company's stock valued at $44,000 after acquiring an additional 1,133 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of LiveRamp by 477.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock valued at $49,000 after acquiring an additional 1,332 shares in the last quarter. State of Wyoming purchased a new position in shares of LiveRamp in the first quarter valued at about $49,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of LiveRamp by 101.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company's stock worth $62,000 after acquiring an additional 1,027 shares during the period. 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.