Brokerages Set LiveRamp Holdings, Inc. (NYSE:RAMP) Target Price at $39.71

LiveRamp Holdings, Inc. (NYSE:RAMP) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $39.71.

RAMP has been the subject of a number of research analyst reports. Morgan Stanley reissued an “equal weight” rating and set a $35.00 target price on shares of LiveRamp in a research report on Monday, January 13th. Macquarie reissued an “outperform” rating and set a $43.00 target price on shares of LiveRamp in a research report on Thursday, November 7th. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Benchmark reaffirmed a “buy” rating and set a $42.00 price objective on shares of LiveRamp in a research report on Tuesday. Finally, Wells Fargo & Company assumed coverage on shares of LiveRamp in a research report on Monday, October 28th. They set an “equal weight” rating and a $25.00 price objective for the company.

LiveRamp Trading Up 0.9 %

Shares of NYSE:RAMP opened at $34.52 on Friday. The stock has a market capitalization of $2.25 billion, a PE ratio of 690.48 and a beta of 0.96. LiveRamp has a 1 year low of $21.45 and a 1 year high of $42.10. The firm has a fifty day moving average price of $31.67 and a 200 day moving average price of $28.06.

LiveRamp (NYSE:RAMP) last released its 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%. On average, sell-side analysts forecast that LiveRamp will post 0.36 earnings per share for the current fiscal year.

Institutional Trading of LiveRamp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RAMP. American Capital Management Inc. increased its stake in LiveRamp by 46.7% in the third quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock valued at $71,312,000 after acquiring an additional 916,578 shares during the period. Tributary Capital Management LLC bought a new stake in LiveRamp in the fourth quarter valued at about $15,251,000. Assenagon Asset Management S.A. increased its stake in LiveRamp by 111.4% in the third quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock valued at $13,857,000 after acquiring an additional 294,743 shares during the period. Invenomic Capital Management LP increased 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 valued at $8,365,000 after acquiring an additional 243,198 shares during the period. Finally, Millennium Management LLC increased its stake in LiveRamp by 143.8% in the second quarter. Millennium Management LLC now owns 395,619 shares of the company’s stock valued at $12,240,000 after acquiring an additional 233,329 shares during the period. Institutional investors own 93.83% of the company’s stock.

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.