LiveRamp Holdings, Inc. (NYSE:RAMP)’s stock price dropped 3.3% on Friday . The stock traded as low as $46.54 and last traded at $46.74. Approximately 4,424 shares were traded during trading, a decline of 99% from the average daily volume of 732,942 shares. The stock had previously closed at $48.36.
A number of research analysts have issued reports on the stock. BMO Capital Markets restated a “market perform” rating and set a $65.00 price target (down previously from $80.00) on shares of LiveRamp in a research note on Wednesday, March 10th. Craig Hallum cut their target price on LiveRamp from $100.00 to $82.00 and set a “buy” rating on the stock in a research report on Wednesday, May 26th. Zacks Investment Research raised LiveRamp from a “sell” rating to a “hold” rating in a research report on Wednesday, April 14th. Evercore ISI dropped their price target on LiveRamp from $93.00 to $75.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 26th. Finally, Needham & Company LLC reduced their price objective on LiveRamp from $88.00 to $77.00 and set a “buy” rating for the company in a research note on Wednesday, May 26th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. LiveRamp has a consensus rating of “Buy” and a consensus target price of $82.78.
The company has a market cap of $3.08 billion, a price-to-earnings ratio of -48.92 and a beta of 1.15. The firm’s 50 day moving average price is $49.13.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Wealthcare Capital Management LLC acquired a new position in shares of LiveRamp in the 1st quarter valued at $26,000. Logan Capital Management Inc. acquired a new position in shares of LiveRamp in the first quarter worth about $39,000. Guinness Atkinson Asset Management Inc boosted its stake in shares of LiveRamp by 900.0% during the 1st quarter. Guinness Atkinson Asset Management Inc now owns 1,180 shares of the company’s stock worth $61,000 after acquiring an additional 1,062 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of LiveRamp by 970.8% during the 1st quarter. Captrust Financial Advisors now owns 1,392 shares of the company’s stock worth $72,000 after acquiring an additional 1,262 shares in the last quarter. Finally, Advisory Services Network LLC grew its position in shares of LiveRamp by 21.5% during the 4th quarter. Advisory Services Network LLC now owns 1,123 shares of the company’s stock valued at $82,000 after acquiring an additional 199 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.
LiveRamp Company Profile (NYSE:RAMP)
LiveRamp Holdings, Inc, a technology company, provides enterprise data connectivity platform solutions in the United States, Europe, and the Asia-Pacific. The company offers RampID, a true people-based identifier that provides activation, measurement and analytics, identity, data collaboration, and data marketplace solutions.
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