LiveRamp (NYSE:RAMP) Shares Gap Up After Analyst Upgrade

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) gapped up before the market opened on Thursday after Benchmark raised their price target on the stock from $51.00 to $56.00. The stock had previously closed at $32.34, but opened at $37.90. Benchmark currently has a buy rating on the stock. LiveRamp shares last traded at $36.54, with a volume of 714,231 shares trading hands.

A number of other brokerages also recently weighed in on RAMP. Morgan Stanley dropped their target price on shares of LiveRamp from $49.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 16th. 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 investment analysts have rated the stock with a buy rating, According to MarketBeat, LiveRamp has a consensus rating of “Buy” and a consensus target price of $50.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of LiveRamp by 1.4% in the first quarter. Vanguard Group Inc. now owns 8,174,985 shares of the company’s stock worth $282,037,000 after purchasing an additional 115,685 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of LiveRamp by 2.0% in the first quarter. Janus Henderson Group PLC now owns 2,251,094 shares of the company’s stock worth $77,662,000 after purchasing an additional 44,808 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of LiveRamp by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,238,534 shares of the company’s stock worth $84,798,000 after purchasing an additional 21,705 shares in the last quarter. Jennison Associates LLC lifted its position in shares of LiveRamp by 286.9% in the first quarter. Jennison Associates LLC now owns 1,407,098 shares of the company’s stock worth $48,545,000 after purchasing an additional 1,043,457 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of LiveRamp by 13.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 763,084 shares of the company’s stock worth $28,906,000 after purchasing an additional 92,480 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Price Performance

The company’s 50-day simple moving average is $33.26 and its 200-day simple moving average is $35.15. The stock has a market capitalization of $2.10 billion, a P/E ratio of -145.41 and a beta of 1.00.

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.