Allianz Asset Management GmbH Has $4.65 Million Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Allianz Asset Management GmbH grew its position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 8.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 177,810 shares of the company's stock after purchasing an additional 14,556 shares during the period. Allianz Asset Management GmbH owned approximately 0.27% of LiveRamp worth $4,648,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of LiveRamp in the 4th quarter worth approximately $392,000. Principal Financial Group Inc. lifted its stake in shares of LiveRamp by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 380,060 shares of the company's stock worth $9,935,000 after acquiring an additional 10,624 shares during the period. Blue Trust Inc. lifted its stake in shares of LiveRamp by 63.0% in the 1st quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock worth $67,000 after acquiring an additional 989 shares during the period. SG Americas Securities LLC acquired a new stake in shares of LiveRamp in the 1st quarter worth approximately $543,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of LiveRamp by 4.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,557 shares of the company's stock worth $1,141,000 after acquiring an additional 1,766 shares during the period. Institutional investors own 93.83% of the company's stock.

Insider Transactions at LiveRamp

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

Analyst Upgrades and Downgrades

RAMP has been the subject of several recent research reports. Evercore ISI reissued an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. Wall Street Zen upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. DA Davidson assumed coverage on shares of LiveRamp in a research note on Wednesday, July 9th. They set a "buy" rating and a $45.00 price target on the stock. Benchmark reaffirmed a "buy" rating and set a $48.00 price objective (up from $45.00) on shares of LiveRamp in a report on Thursday, May 22nd. Finally, Morgan Stanley upped their price objective on shares of LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, LiveRamp has an average rating of "Moderate Buy" and a consensus price target of $41.29.

LiveRamp Stock Performance

Shares of NYSE:RAMP traded down $0.60 during midday trading on Friday, reaching $32.23. 101,920 shares of the company's stock were exchanged, compared to its average volume of 550,057. The company's 50 day simple moving average is $32.58 and its two-hundred day simple moving average is $30.27. The firm has a market capitalization of $2.09 billion, a PE ratio of -3,223.50 and a beta of 1.01. LiveRamp Holdings, Inc. has a 12 month low of $21.45 and a 12 month high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.01). The business had revenue of $188.72 million for the quarter, compared to the consensus estimate of $185.41 million. LiveRamp had a positive return on equity of 1.33% and a negative net margin of 0.11%. LiveRamp's revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 earnings per share. On average, research analysts anticipate 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.