Morgan Stanley Issues Positive Forecast for LiveRamp (NYSE:RAMP) Stock Price

LiveRamp (NYSE:RAMP) had its price objective hoisted by Morgan Stanley from $35.00 to $38.00 in a report published on Thursday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other brokerages also recently issued reports on RAMP. Benchmark reaffirmed a “buy” rating and issued a $42.00 price objective on shares of LiveRamp in a research report on Tuesday. Macquarie reissued an “outperform” rating and set a $43.00 target price on shares of LiveRamp in a research report on Thursday, November 7th. Wells Fargo & Company initiated coverage on shares of LiveRamp in a research report on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price on the stock. Finally, StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. 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 company’s stock. According to MarketBeat, LiveRamp currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.86.

LiveRamp Stock Up 2.8 %

Shares of LiveRamp stock opened at $35.49 on Thursday. The firm’s 50 day moving average price is $31.77 and its 200-day moving average price is $28.11. LiveRamp has a 52-week low of $21.45 and a 52-week high of $42.10. The company has a market cap of $2.32 billion, a P/E ratio of 709.92 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data 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 return on equity of 1.25% and a net margin of 0.40%. As a group, equities research analysts forecast that LiveRamp will post 0.36 EPS for the current fiscal year.

Institutional Trading of LiveRamp

Several institutional investors and hedge funds have recently bought and sold shares of RAMP. DT Investment Partners LLC lifted its stake in LiveRamp by 62.6% during the 3rd quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock valued at $35,000 after acquiring an additional 545 shares during the period. First Horizon Advisors Inc. acquired a new stake in LiveRamp during the 4th quarter valued at approximately $38,000. Smartleaf Asset Management LLC lifted its stake in LiveRamp by 477.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock valued at $49,000 after acquiring an additional 1,332 shares during the period. GAMMA Investing LLC lifted its stake in LiveRamp by 232.2% during the 4th quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock valued at $52,000 after acquiring an additional 1,189 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in LiveRamp by 101.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock valued at $62,000 after acquiring an additional 1,027 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

About LiveRamp

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.