Morgan Stanley Forecasts Strong Price Appreciation for LiveRamp (NYSE:RAMP) Stock

LiveRamp (NYSE:RAMP) had its price objective lifted by stock analysts at Morgan Stanley from $35.00 to $38.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 7.87% from the stock’s previous close.

RAMP has been the subject of several other research reports. Benchmark reissued a “buy” rating and issued a $42.00 target price on shares of LiveRamp in a research note on Tuesday. Wells Fargo & Company assumed coverage on shares of LiveRamp in a research note on Monday, October 28th. They set an “equal weight” rating and a $25.00 price objective for the company. Macquarie reaffirmed an “outperform” rating and set a $43.00 price objective on shares of LiveRamp in a research note on Thursday, November 7th. Finally, StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. Two investment 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 stock. 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 Trading Down 0.6 %

Shares of RAMP stock opened at $35.23 on Thursday. The firm has a 50-day moving average price of $31.86 and a 200 day moving average price of $28.13. LiveRamp has a twelve month low of $21.45 and a twelve month high of $42.10. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 704.70 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last announced its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.22). LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. As a group, research analysts predict that LiveRamp will post 0.36 earnings per share for the current year.

Institutional Trading of LiveRamp

A number of institutional investors have recently modified their holdings of the company. DT Investment Partners LLC grew its holdings in shares of LiveRamp by 62.6% during the 3rd quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock worth $35,000 after purchasing an additional 545 shares during the period. Carolina Wealth Advisors LLC grew its holdings in shares of LiveRamp by 2.2% during the 4th quarter. Carolina Wealth Advisors LLC now owns 25,608 shares of the company’s stock worth $778,000 after purchasing an additional 560 shares during the period. Summit Trail Advisors LLC grew its holdings in shares of LiveRamp by 0.5% during the 4th quarter. Summit Trail Advisors LLC now owns 115,924 shares of the company’s stock worth $3,521,000 after purchasing an additional 625 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of LiveRamp by 0.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,059 shares of the company’s stock worth $4,041,000 after purchasing an additional 1,001 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in shares of LiveRamp by 101.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock worth $62,000 after purchasing an additional 1,027 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

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.