LiveRamp (NYSE:RAMP) Trading Down 3% After Analyst Downgrade

LiveRamp Holdings, Inc. (NYSE:RAMP) shares were down 3% on Friday after StockNews.com downgraded the stock from a strong-buy rating to a buy rating. The stock traded as low as $33.07 and last traded at $33.26. Approximately 196,359 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 580,343 shares. The stock had previously closed at $34.28.

RAMP has been the topic of several other reports. Susquehanna increased their target price on shares of LiveRamp from $45.00 to $50.00 and gave the stock a “positive” rating in a report on Friday, February 9th. Benchmark raised their price objective on shares of LiveRamp from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Morgan Stanley dropped their price objective on shares of LiveRamp from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, LiveRamp presently has an average rating of “Buy” and an average target price of $50.25.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RAMP. Headlands Technologies LLC bought a new position in LiveRamp in the fourth quarter valued at $29,000. Parkside Financial Bank & Trust grew its position in LiveRamp by 198.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 786 shares of the company’s stock valued at $30,000 after purchasing an additional 523 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of LiveRamp by 62.9% in the 4th quarter. Pacer Advisors Inc. now owns 1,908 shares of the company’s stock valued at $72,000 after acquiring an additional 737 shares during the period. Covestor Ltd grew its position in shares of LiveRamp by 44.9% in the 1st quarter. Covestor Ltd now owns 2,131 shares of the company’s stock valued at $73,000 after acquiring an additional 660 shares during the period. Finally, Quest Partners LLC bought a new position in shares of LiveRamp in the 4th quarter valued at about $93,000. Institutional investors own 93.83% of the company’s stock.

LiveRamp Stock Performance

The business’s 50-day moving average price is $33.28 and its 200 day moving average price is $35.13. The company has a market cap of $2.15 billion, a P/E ratio of 190.34 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.