LiveRamp (NYSE:RAMP) Receives Equal Weight Rating from Morgan Stanley

Morgan Stanley restated their equal weight rating on shares of LiveRamp (NYSE:RAMP) in a research report released on Monday morning, Marketbeat reports. The firm currently has a $35.00 target price on the stock.

RAMP has been the topic of several other reports. Macquarie reaffirmed an “outperform” rating and set a $43.00 target price on shares of LiveRamp in a research note on Thursday, November 7th. Wells Fargo & Company began coverage on LiveRamp in a research report on Monday, October 28th. They set an “equal weight” rating and a $25.00 price objective on the stock. Benchmark decreased their target price on LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, StockNews.com raised LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, LiveRamp presently has an average rating of “Moderate Buy” and a consensus price target of $39.71.

LiveRamp Stock Down 0.3 %

Shares of NYSE RAMP opened at $29.24 on Monday. The business’s 50 day moving average is $30.17 and its two-hundred day moving average is $27.86. LiveRamp has a 52-week low of $21.45 and a 52-week high of $42.66. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 584.92 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.14. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The business had revenue of $185.00 million during the quarter, compared to analysts’ expectations of $176.16 million. During the same period in the previous year, the firm posted $0.21 earnings per share. The company’s revenue was up 15.6% on a year-over-year basis. Analysts anticipate that LiveRamp will post 0.36 EPS for the current fiscal year.

Institutional Trading of LiveRamp

A number of institutional investors have recently bought and sold shares of RAMP. Arizona State Retirement System increased its holdings in shares of LiveRamp by 2.9% in the 2nd quarter. Arizona State Retirement System now owns 18,528 shares of the company’s stock valued at $573,000 after acquiring an additional 523 shares during the last quarter. DT Investment Partners LLC increased its stake in LiveRamp by 62.6% in the third quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock valued at $35,000 after purchasing an additional 545 shares during the last quarter. Quarry LP raised its holdings in LiveRamp by 4,575.0% during the second quarter. Quarry LP now owns 935 shares of the company’s stock worth $29,000 after purchasing an additional 915 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position 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 buying an additional 1,001 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of LiveRamp by 232.2% in the 4th quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock valued at $52,000 after buying an additional 1,189 shares during the last quarter. 93.83% of the stock is 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.