LiveRamp (NYSE:RAMP) Price Target Raised to $56.00

LiveRamp (NYSE:RAMP) had its target price hoisted by analysts at Benchmark from $51.00 to $56.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s price target indicates a potential upside of 53.89% from the company’s previous close.

RAMP has been the topic of a number of other reports. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 16th. Morgan Stanley cut their target price on LiveRamp from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Susquehanna boosted their target price on LiveRamp from $45.00 to $50.00 and gave the stock a “positive” rating in a research report on Friday, February 9th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $50.25.

LiveRamp Stock Up 12.5 %

RAMP stock traded up $4.05 during trading on Thursday, hitting $36.39. The company had a trading volume of 951,556 shares, compared to its average volume of 562,307. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of -166.18 and a beta of 1.00. The firm has a 50-day moving average price of $33.27 and a 200-day moving average price of $35.14. LiveRamp has a 12 month low of $23.15 and a 12 month high of $42.66.

Institutional Investors Weigh In On LiveRamp

Several institutional investors have recently added to or reduced their stakes in RAMP. Illinois Municipal Retirement Fund raised its stake in shares of LiveRamp by 1.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 38,264 shares of the company’s stock valued at $1,320,000 after purchasing an additional 461 shares during the period. Parkside Financial Bank & Trust raised its position in LiveRamp by 198.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 786 shares of the company’s stock valued at $30,000 after buying an additional 523 shares during the last quarter. Covestor Ltd boosted its position in LiveRamp by 44.9% during the 1st quarter. Covestor Ltd now owns 2,131 shares of the company’s stock worth $73,000 after acquiring an additional 660 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of LiveRamp by 3.7% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 18,789 shares of the company’s stock worth $542,000 after acquiring an additional 670 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of LiveRamp by 5.7% in the first quarter. ProShare Advisors LLC now owns 13,057 shares of the company’s stock valued at $450,000 after purchasing an additional 708 shares during the last quarter. 93.83% of the stock is owned by institutional investors.

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.