Algert Global LLC Sells 22,270 Shares of LiveRamp Holdings, Inc. $RAMP

Key Points

• Algert Global LLC reduced its stake in LiveRamp Holdings by 7.3%, selling 22,270 shares, and now owns approximately 0.43% of the company valued at $7.36 million.
• LiveRamp reported a quarterly earnings per share (EPS) of $0.44, surpassing analyst expectations of $0.43, with a revenue of $194.82 million which is a 10.7% increase year-over-year.
• Wall Street analysts show a consensus rating of "Moderate Buy" for LiveRamp, with target prices ranging from $26.00 to $51.00 per share.

Algert Global LLC decreased its position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 7.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 281,688 shares of the company's stock after selling 22,270 shares during the quarter. Algert Global LLC owned 0.43% of LiveRamp worth $7,363,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of RAMP. LPL Financial LLC acquired a new stake in shares of LiveRamp in the 4th quarter valued at about $321,000. Wells Fargo & Company MN raised its stake in shares of LiveRamp by 84.9% in the 4th quarter. Wells Fargo & Company MN now owns 113,736 shares of the company's stock valued at $3,454,000 after purchasing an additional 52,226 shares during the period. Envestnet Asset Management Inc. acquired a new stake in shares of LiveRamp in the 4th quarter valued at about $2,259,000. Russell Investments Group Ltd. raised its stake in shares of LiveRamp by 97.0% in the 4th quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company's stock valued at $121,000 after purchasing an additional 1,963 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of LiveRamp in the 4th quarter valued at about $206,000. Institutional investors and hedge funds own 93.83% of the company's stock.

Insider Transactions at LiveRamp

In other news, CTO Mohsin Hussain sold 17,529 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $33.00, for a total transaction of $578,457.00. Following the completion of the sale, the chief technology officer owned 79,616 shares in the company, valued at $2,627,328. The trade was a 18.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Timothy R. Cadogan sold 2,500 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $34.00, for a total value of $85,000.00. Following the sale, the director owned 55,470 shares of the company's stock, valued at approximately $1,885,980. This represents a 4.31% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Benchmark reaffirmed a "buy" rating and issued a $51.00 target price (up previously from $48.00) on shares of LiveRamp in a research report on Tuesday, August 5th. Zacks Research downgraded LiveRamp from a "hold" rating to a "strong sell" rating in a research report on Tuesday. Morgan Stanley lowered their target price on LiveRamp from $34.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 12th. Wells Fargo & Company lifted their target price on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Finally, DA Davidson assumed coverage on LiveRamp in a research report on Wednesday, July 9th. They issued a "buy" rating and a $45.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, LiveRamp has a consensus rating of "Hold" and a consensus price target of $40.83.

LiveRamp Stock Performance

LiveRamp stock traded up $0.2410 during midday trading on Thursday, reaching $26.9010. 572,703 shares of the company's stock were exchanged, compared to its average volume of 574,382. LiveRamp Holdings, Inc. has a 52 week low of $22.82 and a 52 week high of $36.08. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 122.28 and a beta of 1.00. The stock's 50-day simple moving average is $31.35 and its 200 day simple moving average is $29.80.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. LiveRamp had a return on equity of 2.21% and a net margin of 1.89%.The business had revenue of $194.82 million during the quarter, compared to analysts' expectations of $191.22 million. During the same quarter last year, the company posted $0.35 earnings per share. LiveRamp's quarterly revenue was up 10.7% on a year-over-year basis. Research analysts forecast that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

LiveRamp 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.