American Century Companies Inc. Has $3.09 Million Stock Position in LiveRamp Holdings, Inc. $RAMP

Key Points

• American Century Companies Inc. increased its stake in LiveRamp Holdings by 126.2%, purchasing an additional 65,844 shares, totaling approximately $3.1 million in value.
• Wells Fargo raised its target price on LiveRamp from $26.00 to $31.00, while Benchmark adjusted theirs from $48.00 to $51.00, indicating positive sentiment from multiple analysts.
• LiveRamp reported earnings of $0.44 per share, exceeding analysts' expectations of $0.43, alongside a 10.7% year-over-year revenue growth to $194.82 million.

American Century Companies Inc. raised its stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 126.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 118,014 shares of the company's stock after purchasing an additional 65,844 shares during the period. American Century Companies Inc. owned 0.18% of LiveRamp worth $3,085,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Azzad Asset Management Inc. ADV lifted its position in shares of LiveRamp by 3.1% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 22,870 shares of the company's stock worth $598,000 after buying an additional 695 shares during the last quarter. Blue Trust Inc. increased its stake in LiveRamp by 63.0% during the 1st quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock valued at $67,000 after buying an additional 989 shares during the period. Quarry LP increased its stake in LiveRamp by 344.4% during the 4th quarter. Quarry LP now owns 1,462 shares of the company's stock valued at $44,000 after buying an additional 1,133 shares during the period. Summit Trail Advisors LLC grew its stake in shares of LiveRamp by 1.0% in the 1st quarter. Summit Trail Advisors LLC now owns 117,111 shares of the company's stock worth $3,061,000 after purchasing an additional 1,187 shares during the last quarter. Finally, Clarius Group LLC grew its stake in shares of LiveRamp by 1.6% in the 1st quarter. Clarius Group LLC now owns 96,566 shares of the company's stock worth $2,524,000 after purchasing an additional 1,480 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on RAMP shares. Wall Street Zen cut shares of LiveRamp from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 30th. Wells Fargo & Company raised their price target on shares of LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. DA Davidson assumed coverage on shares of LiveRamp in a report on Wednesday, July 9th. They set a "buy" rating and a $45.00 price target on the stock. Benchmark restated a "buy" rating and issued a $51.00 price objective (up from $48.00) on shares of LiveRamp in a research note on Tuesday, August 5th. Finally, Zacks Research cut shares of LiveRamp from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 19th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, LiveRamp has an average rating of "Hold" and a consensus target price of $40.83.

LiveRamp Stock Up 0.5%

NYSE:RAMP traded up $0.14 during mid-day trading on Thursday, reaching $27.53. 174,174 shares of the company were exchanged, compared to its average volume of 577,893. LiveRamp Holdings, Inc. has a 12 month low of $22.82 and a 12 month high of $36.08. The company has a fifty day moving average of $30.56 and a 200 day moving average of $29.32. The stock has a market cap of $1.81 billion, a PE ratio of 125.14 and a beta of 0.92.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. The firm had revenue of $194.82 million for the quarter, compared to analyst estimates of $191.22 million. LiveRamp had a net margin of 1.89% and a return on equity of 2.21%. The company's revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 EPS. On average, equities research analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Insider Buying and Selling at LiveRamp

In related news, Director Timothy R. Cadogan sold 2,500 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $34.00, for a total value of $85,000.00. Following the sale, the director directly owned 55,470 shares in the company, valued at $1,885,980. This trade represents a 4.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.31% of the stock is owned by corporate insiders.

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.