Benchmark Cuts LiveRamp (NYSE:RAMP) Price Target to $38.00

LiveRamp (NYSE:RAMPFree Report) had its price target decreased by Benchmark from $53.00 to $38.00 in a research note released on Tuesday, MarketBeat reports. Benchmark currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. Zacks Research cut LiveRamp from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LiveRamp in a research report on Monday, December 29th. Morgan Stanley lifted their target price on LiveRamp from $30.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, November 13th. Wells Fargo & Company boosted their target price on LiveRamp from $31.00 to $34.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Finally, Cross Research set a $53.00 price target on LiveRamp in a research report on Tuesday, November 4th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $40.60.

Read Our Latest Report on LiveRamp

LiveRamp Stock Performance

Shares of RAMP opened at $22.49 on Tuesday. The stock has a 50 day simple moving average of $27.61 and a 200 day simple moving average of $28.15. LiveRamp has a 52-week low of $21.71 and a 52-week high of $36.08. The firm has a market capitalization of $1.43 billion, a PE ratio of 36.87 and a beta of 1.13.

LiveRamp (NYSE:RAMPGet Free Report) last announced its earnings results on Thursday, February 5th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. LiveRamp had a net margin of 5.15% and a return on equity of 4.44%. The firm had revenue of $212.20 million for the quarter, compared to the consensus estimate of $211.68 million. During the same period last year, the company posted $0.55 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. Equities research analysts predict that LiveRamp will post 0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On LiveRamp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new position in shares of LiveRamp in the second quarter valued at $31,000. Strs Ohio acquired a new stake in LiveRamp in the first quarter valued at $31,000. Picton Mahoney Asset Management acquired a new stake in LiveRamp in the third quarter valued at $38,000. Parkside Financial Bank & Trust grew its position in shares of LiveRamp by 18.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 3,080 shares of the company’s stock valued at $84,000 after acquiring an additional 487 shares during the period. Finally, TD Private Client Wealth LLC acquired a new position in shares of LiveRamp during the 4th quarter worth about $92,000. Institutional investors own 93.83% of the company’s stock.

Key LiveRamp News

Here are the key news stories impacting LiveRamp this week:

LiveRamp Company Profile

(Get Free Report)

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company’s core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp’s platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.

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