LiveRamp (NYSE:RAMP) Given New $38.00 Price Target at Morgan Stanley

LiveRamp (NYSE:RAMP - Get Free Report) had its price objective lifted by Morgan Stanley from $35.00 to $38.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's target price would indicate a potential upside of 6.85% from the company's current price.

A number of other research firms also recently weighed in on RAMP. Benchmark restated a "buy" rating and issued a $42.00 target price on shares of LiveRamp in a report on Tuesday, February 4th. Macquarie restated an "outperform" rating and set a $43.00 price objective on shares of LiveRamp in a research report on Thursday, November 7th. Wells Fargo & Company assumed coverage on LiveRamp in a research note on Monday, October 28th. They issued an "equal weight" rating and a $25.00 price objective for the company. Finally, StockNews.com raised LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Sunday, December 22nd. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $39.33.

LiveRamp Stock Up 0.9 %

LiveRamp stock traded up $0.33 during midday trading on Thursday, reaching $35.57. 491,504 shares of the stock traded hands, compared to its average volume of 526,426. LiveRamp has a 12 month low of $21.45 and a 12 month high of $39.07. The stock's fifty day moving average is $31.86 and its 200-day moving average is $28.11. The stock has a market cap of $2.34 billion, a P/E ratio of 3,556.50 and a beta of 0.96.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. On average, equities analysts predict that LiveRamp will post 0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. American Capital Management Inc. boosted its holdings in LiveRamp by 46.7% during the 3rd quarter. American Capital Management Inc. now owns 2,877,814 shares of the company's stock valued at $71,312,000 after acquiring an additional 916,578 shares during the period. Tributary Capital Management LLC bought a new stake in shares of LiveRamp during the fourth quarter worth $15,251,000. Assenagon Asset Management S.A. boosted 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 purchasing an additional 294,743 shares during the period. Invenomic Capital Management LP grew its holdings in shares of LiveRamp by 257.7% in 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 during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of 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 last quarter. 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.