LiveRamp (NYSE:RAMP) Stock Price Expected to Rise, Morgan Stanley Analyst Says

LiveRamp (NYSE:RAMP - Free Report) had its price target upped by Morgan Stanley from $28.00 to $34.00 in a research note issued to investors on Friday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other research firms also recently weighed in on RAMP. Benchmark restated a "buy" rating and issued a $48.00 target price (up previously from $45.00) on shares of LiveRamp in a research report on Thursday, May 22nd. Wells Fargo & Company lifted their price target 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. Wall Street Zen upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Evercore ISI restated an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $40.67.

LiveRamp Price Performance

LiveRamp stock traded up $0.75 during trading hours on Friday, hitting $32.85. 322,154 shares of the stock traded hands, compared to its average volume of 634,982. The firm's 50 day moving average price is $27.02 and its 200-day moving average price is $29.54. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 3,285.00 and a beta of 1.02. LiveRamp has a 1 year low of $21.45 and a 1 year high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its quarterly 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 company had revenue of $188.72 million for the quarter, compared to analyst estimates of $185.41 million. LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. LiveRamp's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 earnings per share. Research analysts forecast that LiveRamp will post 0.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LiveRamp

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Tributary Capital Management LLC purchased a new stake in shares of LiveRamp in the 4th quarter valued at about $15,251,000. Boston Partners boosted its holdings in shares of LiveRamp by 109.4% in the fourth quarter. Boston Partners now owns 690,057 shares of the company's stock valued at $21,331,000 after acquiring an additional 360,440 shares during the period. Pacer Advisors Inc. grew its position in shares of LiveRamp by 9,007.8% during the first quarter. Pacer Advisors Inc. now owns 344,822 shares of the company's stock worth $9,014,000 after acquiring an additional 341,036 shares during the last quarter. Vanguard Group Inc. grew its position in shares of LiveRamp by 3.2% during the first quarter. Vanguard Group Inc. now owns 9,131,290 shares of the company's stock worth $238,692,000 after acquiring an additional 283,747 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of LiveRamp in the 1st quarter valued at $6,123,000. Institutional investors and hedge funds own 93.83% of the company's stock.

About LiveRamp

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.