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

LiveRamp Holdings, Inc. (NYSE:RAMP) has earned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $39.71.

Several research firms recently commented on RAMP. Benchmark dropped their price target on LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. 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. Wells Fargo & Company began coverage on LiveRamp in a research report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price target for the company. Macquarie restated an “outperform” rating and issued a $43.00 target price on shares of LiveRamp in a report on Thursday, November 7th. Finally, StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd.

LiveRamp Trading Down 0.9 %

NYSE:RAMP opened at $33.70 on Friday. The business’s 50-day moving average is $31.51 and its 200 day moving average is $27.99. LiveRamp has a 12 month low of $21.45 and a 12 month high of $42.10. The company has a market capitalization of $2.20 billion, a P/E ratio of 674.19 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last posted its earnings results 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 net margin of 0.40% and a return on equity of 1.25%. The firm had revenue of $185.00 million during the quarter, compared to analyst estimates of $176.16 million. During the same period last year, the firm posted $0.21 earnings per share. LiveRamp’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, research analysts forecast that LiveRamp will post 0.36 earnings per share for the current year.

Hedge Funds Weigh In On LiveRamp

Several institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC lifted its position in shares of LiveRamp by 27.4% during the second quarter. Squarepoint Ops LLC now owns 7,621 shares of the company’s stock valued at $236,000 after buying an additional 1,637 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of LiveRamp by 3.4% in the second quarter. AQR Capital Management LLC now owns 108,682 shares of the company’s stock worth $3,344,000 after buying an additional 3,601 shares during the last quarter. Millennium Management LLC grew its stake in LiveRamp by 143.8% during the 2nd quarter. Millennium Management LLC now owns 395,619 shares of the company’s stock valued at $12,240,000 after purchasing an additional 233,329 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in LiveRamp by 3.9% in the second quarter. The Manufacturers Life Insurance Company now owns 36,684 shares of the company’s stock valued at $1,135,000 after buying an additional 1,369 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of LiveRamp by 10.6% in the second quarter. Mackenzie Financial Corp now owns 34,209 shares of the company’s stock worth $1,058,000 after acquiring an additional 3,280 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.