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

StockNews.com cut shares of LiveRamp (NYSE:RAMP) from a strong-buy rating to a buy rating in a research report released on Friday.

Several other brokerages also recently issued reports on RAMP. Benchmark raised their target price on shares of LiveRamp from $51.00 to $56.00 and gave the company a buy rating in a research note on Thursday. Morgan Stanley decreased their price objective on shares of LiveRamp from $49.00 to $45.00 and set an overweight rating on the stock in a research note on Thursday. Finally, Susquehanna boosted their target price 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. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of Buy and an average target price of $50.25.

LiveRamp Stock Down 6.7 %

NYSE:RAMP opened at $31.99 on Friday. The business has a 50 day moving average price of $33.26 and a two-hundred day moving average price of $35.23. LiveRamp has a twelve month low of $23.15 and a twelve month high of $42.66. The company has a market cap of $2.12 billion, a P/E ratio of 177.73 and a beta of 1.00.

Institutional Trading of LiveRamp

A number of institutional investors have recently bought and sold shares of RAMP. Acadian Asset Management LLC raised its position in shares of 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 purchasing an additional 32,716 shares during the period. Essex Investment Management Co. LLC purchased a new position in LiveRamp in the fourth quarter worth $1,290,000. Vanguard Group Inc. lifted its position in LiveRamp by 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 8,139,409 shares of the company’s stock worth $234,741,000 after buying an additional 296,586 shares during the last quarter. Boston Partners boosted its position in LiveRamp by 113.4% during the fourth quarter. Boston Partners now owns 301,551 shares of the company’s stock valued at $11,693,000 after buying an additional 160,270 shares during the period. Finally, Knights of Columbus Asset Advisors LLC boosted its stake in shares of LiveRamp by 128.3% during 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 purchasing an additional 87,020 shares during the period. Institutional investors own 93.83% of the company’s stock.

About LiveRamp

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.