LiveRamp (NYSE:RAMP) Price Target Raised to $38.00

LiveRamp (NYSE:RAMPGet Free Report) had its target price increased by equities research analysts at Wells Fargo & Company from $34.00 to $38.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 67.84% from the stock’s previous close.

A number of other research firms have also recently issued reports on RAMP. Weiss Ratings reiterated a “hold (c)” rating on shares of LiveRamp in a research note on Monday, December 29th. Cross Research set a $53.00 price objective on LiveRamp in a research report on Tuesday, November 4th. Morgan Stanley boosted their price objective on LiveRamp from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 13th. Benchmark decreased their target price on LiveRamp from $53.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Zacks Research cut LiveRamp from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, LiveRamp presently has an average rating of “Hold” and an average price target of $39.40.

View Our Latest Research Report on RAMP

LiveRamp Stock Performance

Shares of NYSE RAMP traded up $0.22 during midday trading on Friday, reaching $22.64. 534,395 shares of the company traded hands, compared to its average volume of 588,745. LiveRamp has a 12 month low of $21.71 and a 12 month high of $35.87. The stock’s 50-day simple moving average is $27.61 and its 200-day simple moving average is $28.15. The firm has a market cap of $1.44 billion, a PE ratio of 37.16 and a beta of 1.13.

LiveRamp (NYSE:RAMPGet Free Report) last announced its earnings results on Thursday, February 5th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. LiveRamp had a net margin of 5.15% and a return on equity of 4.44%. The business had revenue of $212.20 million during the quarter, compared to analysts’ expectations of $211.68 million. During the same quarter last year, the company posted $0.55 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts expect that LiveRamp will post 0.48 EPS for the current year.

Institutional Trading of LiveRamp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division boosted its position in shares of LiveRamp by 4.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 10,169 shares of the company’s stock worth $299,000 after purchasing an additional 470 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in LiveRamp by 18.8% in the third quarter. Parkside Financial Bank & Trust now owns 3,080 shares of the company’s stock worth $84,000 after acquiring an additional 487 shares in the last quarter. Engineers Gate Manager LP grew its stake in LiveRamp by 0.5% in the second quarter. Engineers Gate Manager LP now owns 113,424 shares of the company’s stock valued at $3,748,000 after acquiring an additional 561 shares during the period. US Bancorp DE increased its holdings in shares of LiveRamp by 8.8% during the third quarter. US Bancorp DE now owns 6,944 shares of the company’s stock valued at $188,000 after acquiring an additional 564 shares in the last quarter. Finally, Bronte Capital Management Pty Ltd. raised its position in shares of LiveRamp by 0.3% during the fourth quarter. Bronte Capital Management Pty Ltd. now owns 231,994 shares of the company’s stock worth $6,814,000 after purchasing an additional 599 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting LiveRamp

Here are the key news stories impacting LiveRamp this week:

LiveRamp Company Profile

(Get Free Report)

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company’s core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp’s platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.

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Analyst Recommendations for LiveRamp (NYSE:RAMP)

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