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

LiveRamp Holdings, Inc. (NYSE:RAMP) gapped up prior to trading 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.

Several other research firms have also recently issued reports on RAMP. Susquehanna increased their price target on shares of LiveRamp from $45.00 to $50.00 and gave the stock a “positive” rating in a report on Friday, February 9th. Morgan Stanley cut 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, StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 16th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $50.25.

Hedge Funds Weigh In On LiveRamp

A number of large investors have recently bought and sold shares of RAMP. Vanguard Group Inc. raised its stake in shares of LiveRamp by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 8,174,985 shares of the company’s stock valued at $282,037,000 after acquiring an additional 115,685 shares during the period. Janus Henderson Group PLC raised its stake in shares of LiveRamp by 2.0% in the 1st quarter. Janus Henderson Group PLC now owns 2,251,094 shares of the company’s stock valued at $77,662,000 after acquiring an additional 44,808 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of LiveRamp by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,238,534 shares of the company’s stock valued at $84,798,000 after acquiring an additional 21,705 shares during the period. Jennison Associates LLC raised its stake in shares of LiveRamp by 286.9% in the 1st quarter. Jennison Associates LLC now owns 1,407,098 shares of the company’s stock valued at $48,545,000 after acquiring an additional 1,043,457 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of LiveRamp by 13.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 763,084 shares of the company’s stock valued at $28,906,000 after acquiring an additional 92,480 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Trading Up 6.8 %

The stock has a market cap of $2.26 billion, a PE ratio of -166.18 and a beta of 1.00. The company’s 50 day moving average is $33.27 and its 200-day moving average is $35.14.

LiveRamp Company Profile

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.