Benchmark Has Lowered Expectations for LiveRamp (NYSE:RAMP) Stock Price

LiveRamp (NYSE:RAMP) had its target price decreased by stock analysts at Benchmark from $53.00 to $38.00 in a research report issued on Tuesday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Benchmark’s price target suggests a potential upside of 66.45% from the stock’s previous close.

RAMP has been the subject of a number of other reports. Wells Fargo & Company lifted their price target on shares of LiveRamp from $31.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Morgan Stanley upped their target price on LiveRamp from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, November 13th. Cross Research set a $53.00 price target on LiveRamp in a report on Tuesday, November 4th. Zacks Research cut LiveRamp from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of LiveRamp in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, LiveRamp has an average rating of “Hold” and a consensus price target of $41.33.

LiveRamp Price Performance

NYSE:RAMP opened at $22.83 on Tuesday. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 37.43 and a beta of 1.13. The business has a 50 day simple moving average of $27.73 and a 200-day simple moving average of $28.19. LiveRamp has a 1 year low of $21.71 and a 1 year high of $36.08.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.07. The company had revenue of $199.83 million for the quarter, compared to analyst estimates of $197.31 million. LiveRamp had a return on equity of 4.44% and a net margin of 5.15%.LiveRamp’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 EPS. As a group, analysts expect that LiveRamp will post 0.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LiveRamp

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of LiveRamp by 246.4% during the first quarter. Royal Bank of Canada now owns 19,726 shares of the company’s stock valued at $515,000 after buying an additional 14,031 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in LiveRamp during the 1st quarter valued at about $212,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of LiveRamp by 1.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,234 shares of the company’s stock valued at $999,000 after purchasing an additional 677 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of LiveRamp by 6.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 377,443 shares of the company’s stock worth $9,866,000 after purchasing an additional 24,330 shares during the period. Finally, Caxton Associates LLP purchased a new stake in shares of LiveRamp in the 1st quarter worth approximately $309,000. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

LiveRamp Company Profile

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.