Benchmark Reaffirms "Buy" Rating for LiveRamp (NYSE:RAMP)

Benchmark reissued their buy rating on shares of LiveRamp (NYSE:RAMP - Free Report) in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a $42.00 price objective on the stock.

Several other brokerages also recently commented on RAMP. StockNews.com raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Sunday, December 22nd. Wells Fargo & Company began coverage on LiveRamp in a report on Monday, October 28th. They issued an "equal weight" rating and a $25.00 price target on the stock. Morgan Stanley reissued an "equal weight" rating and set a $35.00 price objective on shares of LiveRamp in a report on Monday, January 13th. Finally, Macquarie reaffirmed an "outperform" rating and issued a $43.00 target price on shares of LiveRamp in a research note on Thursday, November 7th. Two equities research 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 MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $40.86.

LiveRamp Price Performance

Shares of RAMP traded down $0.22 during trading hours on Tuesday, hitting $35.23. The company's stock had a trading volume of 728,005 shares, compared to its average volume of 527,491. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 704.70 and a beta of 0.96. The business has a 50 day simple moving average of $31.77 and a two-hundred day simple moving average of $28.11. LiveRamp has a 52-week low of $21.45 and a 52-week high of $42.10.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.22). LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. Research analysts predict that LiveRamp will post 0.36 earnings per share for the current year.

Institutional Investors Weigh In On LiveRamp

A number of institutional investors have recently made changes to their positions in RAMP. American Capital Management Inc. boosted its position in LiveRamp by 46.7% during the third 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 during the period. Franklin Resources Inc. lifted its stake in shares of LiveRamp by 11.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,526,250 shares of the company's stock valued at $37,653,000 after acquiring an additional 157,696 shares during the last quarter. Geode Capital Management LLC boosted its holdings in LiveRamp by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,493,522 shares of the company's stock valued at $37,017,000 after acquiring an additional 15,340 shares during the period. Baillie Gifford & Co. grew its position in LiveRamp by 4.3% during the 4th quarter. Baillie Gifford & Co. now owns 1,416,642 shares of the company's stock worth $43,023,000 after acquiring an additional 58,568 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in LiveRamp by 5.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 995,960 shares of the company's stock worth $30,247,000 after acquiring an additional 49,152 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.