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

LiveRamp (NYSE:RAMP) had its price target increased by Evercore ISI from $40.00 to $45.00 in a report released on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

Other equities analysts have also recently issued reports about the stock. Macquarie reaffirmed an “outperform” rating and set a $43.00 price target on shares of LiveRamp in a research note on Thursday, November 7th. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. Benchmark reaffirmed a “buy” rating and set a $42.00 price target on shares of LiveRamp in a research note on Tuesday. Morgan Stanley boosted their price objective on shares of LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Wells Fargo & Company assumed coverage on shares of LiveRamp in a research report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.86.

LiveRamp Stock Performance

Shares of RAMP opened at $35.49 on Thursday. The stock has a market capitalization of $2.32 billion, a P/E ratio of 709.92 and a beta of 0.96. The company’s fifty day moving average is $31.77 and its two-hundred day moving average is $28.11. LiveRamp has a 1 year low of $21.45 and a 1 year high of $42.10.

LiveRamp (NYSE:RAMP) last posted its quarterly 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 return on equity of 1.25% and a net margin of 0.40%. Sell-side analysts predict that LiveRamp will post 0.36 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in LiveRamp in the 3rd quarter valued at about $1,187,000. Royce & Associates LP lifted its holdings in LiveRamp by 75.6% in the 3rd quarter. Royce & Associates LP now owns 317,910 shares of the company’s stock valued at $7,878,000 after purchasing an additional 136,900 shares in the last quarter. HighTower Advisors LLC purchased a new position in LiveRamp in the 3rd quarter valued at about $439,000. Robeco Institutional Asset Management B.V. lifted its holdings in LiveRamp by 353.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 66,911 shares of the company’s stock valued at $1,658,000 after purchasing an additional 52,166 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in LiveRamp by 111.4% in the 3rd 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 in the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

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.