LiveRamp (NYSE:RAMP – Get Free Report) had its price target raised by stock analysts at Benchmark from $44.00 to $51.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s target price indicates a potential upside of 26.33% from the company’s previous close.
A number of other research firms have also issued reports on RAMP. StockNews.com raised LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 6th. Morgan Stanley boosted their target price on shares of LiveRamp from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. Finally, Susquehanna upped their price objective on shares of LiveRamp from $35.00 to $45.00 and gave the company a “positive” rating in a research note on Thursday, November 9th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, LiveRamp has a consensus rating of “Buy” and an average price target of $43.60.
LiveRamp Stock Performance
LiveRamp (NYSE:RAMP – Get Free Report) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.09 by $0.12. LiveRamp had a negative net margin of 9.30% and a negative return on equity of 0.95%. The business had revenue of $159.87 million for the quarter, compared to analyst estimates of $152.33 million. As a group, equities research analysts predict that LiveRamp will post 0.55 earnings per share for the current year.
Institutional Trading of LiveRamp
Several large investors have recently added to or reduced their stakes in RAMP. BlackRock Inc. grew its stake in shares of LiveRamp by 0.8% during the third quarter. BlackRock Inc. now owns 11,568,006 shares of the company’s stock valued at $210,074,000 after acquiring an additional 92,629 shares in the last quarter. Vanguard Group Inc. increased its holdings in LiveRamp by 3.8% during the 3rd quarter. Vanguard Group Inc. now owns 8,139,409 shares of the company’s stock worth $234,741,000 after purchasing an additional 296,586 shares during the last quarter. Schroder Investment Management Group raised its position in shares of LiveRamp by 6.6% in the 2nd quarter. Schroder Investment Management Group now owns 3,603,567 shares of the company’s stock valued at $102,918,000 after purchasing an additional 224,464 shares in the last quarter. Capital International Investors boosted its stake in shares of LiveRamp by 8.7% during the 1st quarter. Capital International Investors now owns 3,065,422 shares of the company’s stock valued at $114,616,000 after buying an additional 244,405 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in shares of LiveRamp by 13.9% during the first quarter. Lazard Asset Management LLC now owns 2,883,554 shares of the company’s stock worth $107,815,000 after buying an additional 351,876 shares in the last quarter. 90.50% of the stock is currently owned by institutional investors and hedge funds.
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.
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