LiveRamp (NYSE:RAMP) Given Equal Weight Rating at Morgan Stanley

Morgan Stanley restated their equal weight rating on shares of LiveRamp (NYSE:RAMP - Free Report) in a research note released on Monday, Marketbeat Ratings reports. They currently have a $35.00 price target on the stock.

Several other equities research analysts also recently issued reports on the stock. Macquarie reissued an "outperform" rating and set a $43.00 price objective on shares of LiveRamp in a research report on Thursday, November 7th. StockNews.com raised LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Sunday, December 22nd. Benchmark cut their price target on 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 began coverage on LiveRamp in a report on Monday, October 28th. They set an "equal weight" rating and a $25.00 price objective for the company. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $39.71.

LiveRamp Price Performance

Shares of LiveRamp stock traded down $0.09 on Monday, hitting $29.24. 635,265 shares of the company's stock traded hands, compared to its average volume of 424,724. The firm's 50-day moving average price is $30.17 and its two-hundred day moving average price is $27.86. The stock has a market capitalization of $1.91 billion, a PE ratio of 584.92 and a beta of 0.96. LiveRamp has a one year low of $21.45 and a one year high of $42.66.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.14. The company had revenue of $185.00 million during the quarter, compared to analyst estimates of $176.16 million. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The company's revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 EPS. On average, analysts forecast that LiveRamp will post 0.36 earnings per share for the current fiscal year.

Institutional Trading of LiveRamp

Several large investors have recently modified their holdings of the stock. American Capital Management Inc. boosted its holdings in shares of 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 purchasing an additional 916,578 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of LiveRamp by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,265,391 shares of the company's stock valued at $70,090,000 after purchasing an additional 161,373 shares in the last quarter. Franklin Resources Inc. boosted 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 purchasing an additional 157,696 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 15,340 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in LiveRamp by 7.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 946,808 shares of the company's stock worth $23,462,000 after purchasing an additional 69,063 shares in the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

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.