Morgan Stanley assumed coverage on shares of LiveRamp (NASDAQ:RAMP) in a report released on Monday morning, BenzingaRatingsTable reports. The brokerage issued an overweight rating and a $64.00 target price on the stock.
Several other research analysts also recently commented on the company. Susquehanna Bancshares began coverage on LiveRamp in a research note on Wednesday, June 26th. They issued a positive rating and a $70.00 price objective on the stock. First Analysis raised LiveRamp from a neutral rating to an outperform rating and set a $55.00 target price on the stock in a research note on Wednesday, May 29th. Seven analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and a consensus price target of $62.86.
NASDAQ RAMP opened at $50.44 on Monday. The stock has a 50-day moving average of $49.88. LiveRamp has a 52 week low of $36.53 and a 52 week high of $63.23.
LiveRamp (NASDAQ:RAMP) last posted its quarterly earnings data on Tuesday, May 28th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The firm had revenue of $78.30 million during the quarter, compared to analysts’ expectations of $76.99 million. The business’s quarterly revenue was up 30.1% on a year-over-year basis.
A number of institutional investors and hedge funds have recently modified their holdings of RAMP. Prudential Financial Inc. acquired a new stake in LiveRamp during the fourth quarter worth about $1,767,000. PNC Financial Services Group Inc. acquired a new stake in shares of LiveRamp in the 4th quarter valued at approximately $70,000. Bank of New York Mellon Corp acquired a new stake in shares of LiveRamp in the 4th quarter valued at approximately $33,069,000. Advisor Group Inc. acquired a new stake in shares of LiveRamp in the 4th quarter valued at approximately $81,000. Finally, Great West Life Assurance Co. Can acquired a new stake in shares of LiveRamp in the 4th quarter valued at approximately $1,485,000.
LiveRamp Holdings, Inc provides identity and data connectivity for powering exceptional customer experiences. The company offers IdentityLink, an identity resolution platform that connects people, data, and devices across the physical and digital world, powering privacy-compliant, people-based marketing that allows consumers to better connect with the brands and products they love.
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