Evercore ISI Boosts LiveRamp (NYSE:RAMP) Price Target to $45.00

LiveRamp (NYSE:RAMP) had its price target increased by Evercore ISI from $40.00 to $45.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s price objective indicates a potential upside of 27.74% from the company’s current price.

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

LiveRamp Stock Down 0.6 %

Shares of NYSE:RAMP opened at $35.23 on Thursday. The company has a market cap of $2.30 billion, a P/E ratio of 704.70 and a beta of 0.96. The business has a fifty day simple moving average of $31.86 and a 200-day simple moving average of $28.13. LiveRamp has a 52 week low of $21.45 and a 52 week high of $42.10.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 EPS 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%. Sell-side analysts expect that LiveRamp will post 0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LiveRamp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. American Capital Management Inc. lifted its position in shares of LiveRamp by 46.7% during the third quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock worth $71,312,000 after purchasing an additional 916,578 shares in the last quarter. Tributary Capital Management LLC acquired a new position in LiveRamp in the 4th quarter worth $15,251,000. Assenagon Asset Management S.A. boosted its position in LiveRamp by 111.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock valued at $13,857,000 after buying an additional 294,743 shares during the last quarter. Invenomic Capital Management LP grew its stake in shares of LiveRamp by 257.7% during the third quarter. Invenomic Capital Management LP now owns 337,574 shares of the company’s stock valued at $8,365,000 after acquiring an additional 243,198 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of LiveRamp by 451.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 248,573 shares of the company’s stock worth $7,522,000 after acquiring an additional 203,471 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

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.