Ameriprise Financial Inc. Has $8.38 Million Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Ameriprise Financial Inc. reduced its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 8.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 275,974 shares of the company's stock after selling 26,846 shares during the period. Ameriprise Financial Inc. owned 0.42% of LiveRamp worth $8,381,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RAMP. KLP Kapitalforvaltning AS bought a new position in shares of LiveRamp in the 4th quarter valued at about $392,000. Empowered Funds LLC bought a new position in shares of LiveRamp in the 4th quarter valued at about $220,000. Tributary Capital Management LLC bought a new position in shares of LiveRamp in the 4th quarter valued at about $15,251,000. Smartleaf Asset Management LLC grew its position in shares of LiveRamp by 477.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock valued at $49,000 after acquiring an additional 1,332 shares during the period. Finally, Baillie Gifford & Co. grew its position in shares of LiveRamp by 4.3% in the 4th quarter. Baillie Gifford & Co. now owns 1,416,642 shares of the company's stock valued at $43,023,000 after acquiring an additional 58,568 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

LiveRamp Stock Performance

Shares of RAMP stock traded down $2.63 during midday trading on Monday, hitting $30.87. 1,448,374 shares of the company were exchanged, compared to its average volume of 634,787. The firm has a market capitalization of $2.03 billion, a P/E ratio of 3,086.80 and a beta of 1.02. The firm's 50 day moving average price is $26.92 and its two-hundred day moving average price is $29.52. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.01). The business had revenue of $188.72 million during the quarter, compared to the consensus estimate of $185.41 million. LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. The business's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS. Analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RAMP shares. Wall Street Zen raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Evercore ISI reaffirmed an "underperform" rating on shares of LiveRamp in a report on Wednesday, April 16th. Benchmark reaffirmed a "buy" rating and set a $48.00 target price (up previously from $45.00) on shares of LiveRamp in a report on Thursday. Morgan Stanley lifted their target price on shares of LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday. Finally, Wells Fargo & Company lifted their target price on shares of LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $40.67.

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.