LiveRamp (NYSE:RAMP) Price Target Raised to $31.00

LiveRamp (NYSE:RAMP) had its price objective raised by Wells Fargo & Company from $26.00 to $31.00 in a research note released on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other research analysts also recently weighed in on RAMP. Wall Street Zen upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 22nd. Benchmark restated a “buy” rating and set a $45.00 target price on shares of LiveRamp in a research note on Wednesday, February 26th. Evercore ISI restated an “underperform” rating on shares of LiveRamp in a research note on Wednesday, April 16th. Finally, Morgan Stanley restated an “equal weight” rating on shares of LiveRamp in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.67.

LiveRamp Trading Down 7.9%

Shares of NYSE:RAMP opened at $30.87 on Thursday. LiveRamp has a 12-month low of $21.45 and a 12-month high of $36.08. The business’s fifty day simple moving average is $26.84 and its 200-day simple moving average is $29.50. The company has a market capitalization of $2.03 billion, a PE ratio of 3,086.80 and a beta of 1.02.

LiveRamp (NYSE:RAMP) 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). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. The company had revenue of $188.72 million during the quarter, compared to analysts’ expectations of $185.41 million. During the same quarter in the prior year, the business posted $0.25 earnings per share. The company’s revenue was up 9.8% compared to the same quarter last year. Research analysts predict that LiveRamp will post 0.48 EPS for the current year.

Institutional Trading of LiveRamp

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