LiveRamp Holdings, Inc. (NYSE:RAMP)’s share price fell 3.3% during trading on Friday . The company traded as low as $46.54 and last traded at $46.74. 4,424 shares traded hands during trading, a decline of 99% from the average session volume of 732,942 shares. The stock had previously closed at $48.36.
Several analysts recently weighed in on RAMP shares. BMO Capital Markets reaffirmed a “market perform” rating and issued a $65.00 target price (down previously from $80.00) on shares of LiveRamp in a report on Wednesday, March 10th. Needham & Company LLC reduced their price objective on shares of LiveRamp from $88.00 to $77.00 and set a “buy” rating on the stock in a report on Wednesday, May 26th. Craig Hallum lowered their target price on shares of LiveRamp from $100.00 to $82.00 and set a “buy” rating for the company in a research note on Wednesday, May 26th. Evercore ISI cut 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, Zacks Investment Research raised LiveRamp from a “sell” rating to a “hold” rating in a report on Wednesday, April 14th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $82.78.
The stock’s 50 day simple moving average is $49.13. The company has a market cap of $3.08 billion, a P/E ratio of -48.92 and a beta of 1.15.
Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of LiveRamp by 1,148.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,076,270 shares of the company’s stock valued at $78,772,000 after acquiring an additional 990,043 shares during the period. RGM Capital LLC increased its stake in LiveRamp by 53.8% in the first quarter. RGM Capital LLC now owns 2,181,207 shares of the company’s stock valued at $113,161,000 after purchasing an additional 762,550 shares during the period. Renaissance Technologies LLC purchased a new stake in LiveRamp in the 1st quarter valued at approximately $37,949,000. Norges Bank acquired a new position in LiveRamp during the 4th quarter worth approximately $44,953,000. Finally, Schroder Investment Management Group raised its stake in shares of LiveRamp by 48.1% during the 1st quarter. Schroder Investment Management Group now owns 1,594,603 shares of the company’s stock worth $82,728,000 after buying an additional 517,630 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.
About LiveRamp (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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