LiveRamp (NYSE:RAMP – Get Free Report)‘s stock had its “equal weight” rating reaffirmed by investment analysts at Morgan Stanley in a report issued on Monday, Marketbeat Ratings reports. They currently have a $35.00 target price on the stock. Morgan Stanley’s price objective indicates a potential upside of 17.14% from the company’s current price.
RAMP has been the subject of a number of other research reports. Wells Fargo & Company initiated coverage on LiveRamp in a report on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price for the company. Macquarie reaffirmed an “outperform” rating and set a $43.00 target price on shares of LiveRamp in a report on Thursday, November 7th. Benchmark cut their price target on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.71.
Check Out Our Latest Research Report on LiveRamp
LiveRamp Trading Up 2.5 %
LiveRamp (NYSE:RAMP – Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.14. The firm had revenue of $185.00 million for the quarter, compared to the consensus estimate of $176.16 million. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The business’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.21 earnings per share. On average, equities analysts predict that LiveRamp will post 0.36 EPS for the current year.
Institutional Trading of LiveRamp
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System grew its position in LiveRamp by 2.9% in the second quarter. Arizona State Retirement System now owns 18,528 shares of the company’s stock worth $573,000 after acquiring an additional 523 shares in the last quarter. Quest Partners LLC lifted its stake in LiveRamp by 68.8% during the second quarter. Quest Partners LLC now owns 2,998 shares of the company’s stock worth $93,000 after purchasing an additional 1,222 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in LiveRamp by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,265,391 shares of the company’s stock worth $70,090,000 after purchasing an additional 161,373 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of LiveRamp by 623.8% in the 2nd quarter. Hsbc Holdings PLC now owns 93,317 shares of the company’s stock worth $2,858,000 after purchasing an additional 80,424 shares in the last quarter. Finally, King Luther Capital Management Corp increased its position in shares of LiveRamp by 4.6% during the 2nd quarter. King Luther Capital Management Corp now owns 143,611 shares of the company’s stock valued at $4,443,000 after purchasing an additional 6,255 shares during the last quarter. 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.
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