LiveRamp (NYSE:RAMP) Lowered to “Buy” at StockNews.com

StockNews.com lowered shares of LiveRamp (NYSE:RAMP) from a strong-buy rating to a buy rating in a research report sent to investors on Friday morning.

A number of other equities research analysts have also recently commented on the stock. Benchmark lifted their price target on shares of LiveRamp from $51.00 to $56.00 and gave the stock a buy rating in a report on Thursday. Susquehanna raised their price objective on shares of LiveRamp from $45.00 to $50.00 and gave the stock a positive rating in a research report on Friday, February 9th. Finally, Morgan Stanley reduced 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. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of Buy and a consensus price target of $50.25.

LiveRamp Stock Performance

RAMP stock traded down $2.29 during mid-day trading on Friday, reaching $31.99. 1,397,076 shares of the stock traded hands, compared to its average volume of 556,664. The stock has a market capitalization of $2.12 billion, a PE ratio of 177.73 and a beta of 1.00. LiveRamp has a one year low of $23.15 and a one year high of $42.66. The business has a 50-day moving average price of $33.26 and a two-hundred day moving average price of $35.15.

Institutional Investors Weigh In On LiveRamp

Several hedge funds and other institutional investors have recently bought and sold shares of RAMP. Acadian Asset Management LLC grew its holdings in LiveRamp by 341.8% during the third quarter. Acadian Asset Management LLC now owns 42,289 shares of the company’s stock worth $1,216,000 after buying an additional 32,716 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in shares of LiveRamp in the fourth quarter valued at about $1,290,000. Vanguard Group Inc. grew 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 worth $234,741,000 after purchasing an additional 296,586 shares in the last quarter. Boston Partners lifted its holdings in shares of LiveRamp by 113.4% during the 4th quarter. Boston Partners now owns 301,551 shares of the company’s stock valued at $11,693,000 after purchasing an additional 160,270 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC grew its position in shares of LiveRamp by 128.3% during the 4th 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 period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

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.