LiveRamp (NYSE:RAMP) Receives Equal Weight Rating from Morgan Stanley

Morgan Stanley reiterated their equal weight rating on shares of LiveRamp (NYSE:RAMP) in a research report released on Monday, Marketbeat Ratings reports. The brokerage currently has a $35.00 price target on the stock.

Other equities analysts have also issued reports about the stock. Macquarie reiterated an “outperform” rating and issued a $43.00 target price on shares of LiveRamp in a report on Thursday, November 7th. StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Benchmark decreased their target price on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. 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 target price on the stock. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, LiveRamp currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.71.

LiveRamp Trading Up 5.4 %

Shares of NYSE RAMP opened at $31.52 on Monday. LiveRamp has a 12-month low of $21.45 and a 12-month high of $42.66. The stock has a market cap of $2.06 billion, a PE ratio of 630.53 and a beta of 0.96. The company has a 50-day moving average of $30.27 and a 200 day moving average of $27.86.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.14. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The company had revenue of $185.00 million during the quarter, compared to analysts’ expectations of $176.16 million. During the same quarter in the prior year, the company earned $0.21 EPS. LiveRamp’s revenue was up 15.6% compared to the same quarter last year. On average, sell-side analysts forecast that LiveRamp will post 0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RAMP. Quarry LP boosted its position in LiveRamp by 4,575.0% in the 2nd quarter. Quarry LP now owns 935 shares of the company’s stock valued at $29,000 after buying an additional 915 shares during the period. DT Investment Partners LLC raised its stake in shares of LiveRamp by 62.6% in the third quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock valued at $35,000 after acquiring an additional 545 shares in the last quarter. GAMMA Investing LLC grew its stake in LiveRamp by 232.2% during the 4th quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock worth $52,000 after purchasing an additional 1,189 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in LiveRamp during the 3rd quarter worth about $92,000. Finally, Quest Partners LLC increased its holdings in LiveRamp by 68.8% during the 2nd 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 period. Institutional investors and hedge funds own 93.83% of the company’s stock.

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.