LiveRamp (NYSE:RAMP – Get Free Report) had its target price lifted by Morgan Stanley from $34.00 to $37.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 21.15% from the company’s previous close.
A number of other brokerages have also weighed in on RAMP. StockNews.com began coverage on shares of LiveRamp in a report on Thursday, May 18th. They set a “buy” rating on the stock. Benchmark upped their price target on shares of LiveRamp from $33.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $33.83.
View Our Latest Stock Analysis on RAMP
LiveRamp Trading Down 4.7 %
LiveRamp (NYSE:RAMP – Get Free Report) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $154.07 million for the quarter, compared to analyst estimates of $147.00 million. LiveRamp had a negative net margin of 15.30% and a negative return on equity of 3.71%. On average, equities analysts forecast that LiveRamp will post 0.28 earnings per share for the current year.
Institutional Investors Weigh In On LiveRamp
Hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. boosted its stake in shares of LiveRamp by 73.7% during the 4th quarter. Russell Investments Group Ltd. now owns 43,662 shares of the company’s stock worth $1,023,000 after acquiring an additional 18,530 shares in the last quarter. Peregrine Capital Management LLC boosted its stake in shares of LiveRamp by 2.7% during the 1st quarter. Peregrine Capital Management LLC now owns 301,207 shares of the company’s stock worth $6,605,000 after acquiring an additional 7,881 shares in the last quarter. EFG Asset Management North America Corp. purchased a new stake in shares of LiveRamp during the 1st quarter worth about $624,000. Carolina Wealth Advisors LLC acquired a new position in shares of LiveRamp during the 1st quarter worth about $479,000. Finally, Jackson Creek Investment Advisors LLC acquired a new position in shares of LiveRamp during the 4th quarter worth about $917,000. 90.73% of the stock is owned by hedge funds and other institutional investors.
About LiveRamp
LiveRamp Holdings, Inc is a global technology company, which engages in the provision of a data collaboration platform in consumer privacy, data ethics, and foundational identity. The company was founded in 1969 and is headquartered in San Francisco, CA.
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