LiveRamp’s (RAMP) Buy Rating Reiterated at Benchmark

Benchmark restated their buy rating on shares of LiveRamp (NYSE:RAMP) in a report released on Tuesday,Benzinga reports. They currently have a $42.00 price objective on the stock.

RAMP has been the subject of several other reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $35.00 price objective on shares of LiveRamp in a research report on Monday, January 13th. Wells Fargo & Company initiated coverage on LiveRamp in a research report 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 report on Thursday, November 7th. Finally, StockNews.com raised LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.86.

LiveRamp Trading Up 2.8 %

RAMP stock opened at $35.49 on Tuesday. The business’s 50-day moving average price is $31.77 and its two-hundred day moving average price is $28.11. The firm has a market cap of $2.32 billion, a PE ratio of 709.92 and a beta of 0.96. LiveRamp has a 1-year low of $21.45 and a 1-year high of $42.10.

LiveRamp (NYSE:RAMP) last posted 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 return on equity of 1.25% and a net margin of 0.40%. On average, analysts forecast that LiveRamp will post 0.36 earnings per share for the current year.

Institutional Investors Weigh In On LiveRamp

A number of large investors have recently modified their holdings of the business. Quarry LP boosted its holdings in shares of LiveRamp by 4,575.0% during the 2nd quarter. Quarry LP now owns 935 shares of the company’s stock valued at $29,000 after acquiring an additional 915 shares in the last quarter. DT Investment Partners LLC increased its holdings in shares of LiveRamp by 62.6% in the third 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. First Horizon Advisors Inc. bought a new position in shares of LiveRamp in the fourth quarter worth $38,000. Smartleaf Asset Management LLC increased its holdings in shares of LiveRamp by 477.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock worth $49,000 after purchasing an additional 1,332 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of LiveRamp by 232.2% in the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock worth $52,000 after purchasing an additional 1,189 shares during the period. Institutional investors and hedge funds 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.