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

StockNews.com downgraded shares of LiveRamp (NYSE:RAMPFree Report) from a strong-buy rating to a buy rating in a research note released on Monday.

Several other analysts have also recently weighed in on the company. Morgan Stanley lifted their price objective on LiveRamp from $37.00 to $40.00 and gave the company an overweight rating in a research report on Thursday, November 9th. Craig Hallum lifted their price objective on LiveRamp from $42.00 to $50.00 and gave the company a buy rating in a research report on Thursday, January 18th. Benchmark lifted their price objective on LiveRamp from $44.00 to $51.00 and gave the company a buy rating in a research report on Thursday, January 18th. Finally, Susquehanna boosted their price target on LiveRamp from $45.00 to $50.00 and gave the stock a positive rating in a research report on Friday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of Buy and a consensus price target of $47.75.

Read Our Latest Stock Analysis on RAMP

LiveRamp Price Performance

Shares of NYSE:RAMP opened at $37.45 on Monday. LiveRamp has a 1 year low of $20.25 and a 1 year high of $42.66. The company has a market cap of $2.45 billion, a PE ratio of -170.23 and a beta of 1.07. The stock’s 50-day moving average is $37.68 and its 200 day moving average is $33.01.

Institutional Trading of LiveRamp

A number of hedge funds have recently made changes to their positions in RAMP. Norges Bank bought a new stake in shares of LiveRamp in the 4th quarter worth approximately $21,513,000. Dimensional Fund Advisors LP raised its holdings in LiveRamp by 39.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,203,920 shares of the company’s stock worth $48,330,000 after acquiring an additional 626,372 shares during the last quarter. EVR Research LP purchased a new position in LiveRamp in the 2nd quarter worth approximately $17,136,000. Nuveen Asset Management LLC raised its holdings in LiveRamp by 290.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 686,355 shares of the company’s stock worth $19,602,000 after acquiring an additional 510,785 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in LiveRamp in the 3rd quarter worth approximately $12,742,000. 90.50% of the stock is owned by institutional investors.

About LiveRamp

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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.

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