Shares of LiveRamp Holdings, Inc. (NYSE:RAMP – Get Free Report) traded down 3% during mid-day trading on Friday after StockNews.com downgraded the stock from a strong-buy rating to a buy rating. The company traded as low as $33.07 and last traded at $33.26. 196,359 shares traded hands during trading, a decline of 66% from the average session volume of 580,343 shares. The stock had previously closed at $34.28.
Several other research analysts have also issued reports on the stock. Morgan Stanley dropped their price target on shares of LiveRamp from $49.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday. Susquehanna upped their price objective on shares of LiveRamp from $45.00 to $50.00 and gave the stock a “positive” rating in a research note on Friday, February 9th. Finally, Benchmark upped their price objective on shares of LiveRamp from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, LiveRamp has a consensus rating of “Buy” and an average price target of $50.25.
Institutional Trading of LiveRamp
Several hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC boosted its stake in LiveRamp by 341.8% in the third quarter. Acadian Asset Management LLC now owns 42,289 shares of the company’s stock valued at $1,216,000 after acquiring an additional 32,716 shares during the last quarter. Essex Investment Management Co. LLC bought a new position in LiveRamp in the fourth quarter valued at approximately $1,290,000. Vanguard Group Inc. boosted its stake in LiveRamp by 3.8% in the third quarter. Vanguard Group Inc. now owns 8,139,409 shares of the company’s stock valued at $234,741,000 after acquiring an additional 296,586 shares during the last quarter. Boston Partners boosted its stake in LiveRamp by 113.4% in the fourth quarter. Boston Partners now owns 301,551 shares of the company’s stock valued at $11,693,000 after acquiring an additional 160,270 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC boosted its stake in LiveRamp by 128.3% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 154,870 shares of the company’s stock valued at $5,866,000 after acquiring an additional 87,020 shares during the last quarter. 93.83% of the stock is owned by institutional investors.
LiveRamp Price Performance
The stock has a market capitalization of $2.10 billion, a P/E ratio of -145.41 and a beta of 1.00. The business’s 50 day simple moving average is $33.26 and its 200-day simple moving average is $35.15.
LiveRamp Company Profile
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.