Morgan Stanley Boosts LiveRamp (NYSE:RAMP) Price Target to $34.00

LiveRamp (NYSE:RAMP - Get Free Report) had its price target boosted by stock analysts at Morgan Stanley from $28.00 to $34.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Morgan Stanley's price target would indicate a potential upside of 6.63% from the stock's previous close.

A number of other research firms have also recently commented on RAMP. Evercore ISI restated an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. Benchmark reiterated a "buy" rating and set a $48.00 price target (up previously from $45.00) on shares of LiveRamp in a research report on Thursday. Wall Street Zen upgraded LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company increased their target price on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.67.

LiveRamp Trading Down 4.8%

LiveRamp stock traded down $1.61 during mid-day trading on Friday, hitting $31.89. The company had a trading volume of 327,442 shares, compared to its average volume of 642,710. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 3,189.30 and a beta of 1.02. LiveRamp has a 12-month low of $21.45 and a 12-month high of $38.00. The company's fifty day moving average is $26.76 and its 200-day moving average is $29.44.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $188.72 million for the quarter, compared to analysts' expectations of $185.41 million. LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. The business's quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the company posted $0.25 earnings per share. As a group, sell-side analysts expect that LiveRamp will post 0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On LiveRamp

Several large investors have recently bought and sold shares of RAMP. Barclays PLC grew its holdings in shares of LiveRamp by 56.3% during the third quarter. Barclays PLC now owns 438,121 shares of the company's stock worth $10,857,000 after buying an additional 157,775 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of LiveRamp by 30.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 41,205 shares of the company's stock worth $1,251,000 after acquiring an additional 9,737 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of LiveRamp by 4.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 70,193 shares of the company's stock worth $2,132,000 after acquiring an additional 2,872 shares during the period. Tributary Capital Management LLC acquired a new position in shares of LiveRamp during the 4th quarter valued at about $15,251,000. Finally, KBC Group NV grew its holdings in shares of 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 during the period. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

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.

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