LiveRamp (NYSE:RAMP) Given New $45.00 Price Target at Evercore ISI

LiveRamp (NYSE:RAMP) had its price target increased by investment analysts at Evercore ISI from $40.00 to $45.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Evercore ISI’s price target would suggest a potential upside of 27.74% from the stock’s current price.

A number of other brokerages have also recently issued reports on RAMP. Morgan Stanley raised their target price on shares of LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday. Macquarie restated an “outperform” rating and set a $43.00 price objective on shares of LiveRamp in a research report on Thursday, November 7th. Benchmark reaffirmed a “buy” rating and issued a $42.00 target price on shares of LiveRamp in a research report on Tuesday. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Finally, Wells Fargo & Company started coverage on shares of LiveRamp in a report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price objective on the stock. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.86.

LiveRamp Trading Down 0.6 %

RAMP stock opened at $35.23 on Thursday. The stock’s 50 day simple moving average is $31.86 and its 200 day simple moving average is $28.13. LiveRamp has a 12-month low of $21.45 and a 12-month high of $42.10. The firm has a market cap of $2.30 billion, a P/E ratio of 704.70 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last released its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.22). LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. On average, research analysts forecast that LiveRamp will post 0.36 EPS for the current fiscal year.

Institutional Investors Weigh In On LiveRamp

Hedge funds and other institutional investors have recently modified their holdings of the stock. American Capital Management Inc. grew its position in LiveRamp by 46.7% in the 3rd quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock valued at $71,312,000 after buying an additional 916,578 shares in the last quarter. Tributary Capital Management LLC bought a new position in shares of LiveRamp in the fourth quarter valued at approximately $15,251,000. Assenagon Asset Management S.A. increased its stake in shares of LiveRamp by 111.4% during the third quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock valued at $13,857,000 after acquiring an additional 294,743 shares during the period. Invenomic Capital Management LP raised its holdings in LiveRamp by 257.7% during the third quarter. Invenomic Capital Management LP now owns 337,574 shares of the company’s stock worth $8,365,000 after purchasing an additional 243,198 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in LiveRamp by 451.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 248,573 shares of the company’s stock worth $7,522,000 after purchasing an additional 203,471 shares during the period. 93.83% of the stock is currently owned by institutional investors.

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.