LiveRamp (NYSE:RAMP) Shares Down 3% Following Analyst Downgrade

LiveRamp Holdings, Inc. (NYSE:RAMP) fell 3% 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 changed hands during trading, a decline of 66% from the average session volume of 580,343 shares. The stock had previously closed at $34.28.

RAMP has been the subject of a number of other research reports. Susquehanna boosted their price objective on shares of LiveRamp from $45.00 to $50.00 and gave the company a “positive” rating in a research report on Friday, February 9th. 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 report on Thursday. Finally, Benchmark boosted their price target on shares of LiveRamp from $51.00 to $56.00 and gave the company a “buy” rating in a report on Thursday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $50.25.

Institutional Investors Weigh In On LiveRamp

Several hedge funds and other institutional investors have recently bought and sold shares of RAMP. Jennison Associates LLC raised its position in 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 acquiring an additional 1,043,457 shares in the last quarter. Ophir Asset Management Pty Ltd raised its holdings in LiveRamp by 5,308.7% during the 4th quarter. Ophir Asset Management Pty Ltd now owns 746,079 shares of the company’s stock worth $28,261,000 after buying an additional 732,285 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in LiveRamp during the 3rd quarter worth about $12,742,000. Norges Bank acquired a new stake in LiveRamp during the 4th quarter worth about $16,546,000. Finally, Vanguard Group Inc. raised its holdings in LiveRamp by 3.8% during 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 period. 93.83% of the stock is currently owned by institutional investors.

LiveRamp Trading Down 6.7 %

The company has a fifty day simple moving average of $33.26 and a 200-day simple moving average of $35.19. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 177.73 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.