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

LiveRamp (NYSE:RAMP - Get Free Report) had its price objective lifted by analysts at Evercore ISI from $40.00 to $45.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Evercore ISI's price objective suggests a potential upside of 26.53% from the company's previous close.

A number of other equities analysts also recently commented on the stock. Morgan Stanley lifted their target price on shares of LiveRamp from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Thursday. Macquarie reiterated an "outperform" rating and issued a $43.00 price objective on shares of LiveRamp in a report on Thursday, November 7th. StockNews.com upgraded LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Sunday, December 22nd. Benchmark restated a "buy" rating and issued a $42.00 target price on shares of LiveRamp in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company started coverage on LiveRamp in a report on Monday, October 28th. They set an "equal weight" rating and a $25.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $39.33.

LiveRamp Stock Performance

Shares of RAMP stock traded up $0.33 during trading hours on Thursday, reaching $35.57. The company had a trading volume of 492,924 shares, compared to its average volume of 527,823. LiveRamp has a 12-month low of $21.45 and a 12-month high of $39.07. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 3,556.50 and a beta of 0.96. The stock has a fifty day moving average of $31.86 and a 200-day moving average of $28.11.

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 the consensus estimate of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. On average, analysts forecast that LiveRamp will post 0.36 EPS for the current year.

Hedge Funds Weigh In On LiveRamp

Several institutional investors have recently bought and sold shares of RAMP. American Capital Management Inc. grew its stake in LiveRamp by 46.7% during the 3rd 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 purchased a new position in shares of LiveRamp in the 4th quarter valued at about $15,251,000. Assenagon Asset Management S.A. increased 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 worth $13,857,000 after buying an additional 294,743 shares during the period. Invenomic Capital Management LP lifted its stake in 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 acquiring an additional 243,198 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of LiveRamp by 451.1% during the 4th 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. 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.