Ameriprise Financial Inc. Reduces Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Ameriprise Financial Inc. lessened its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 8.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 275,974 shares of the company's stock after selling 26,846 shares during the quarter. Ameriprise Financial Inc. owned 0.42% of LiveRamp worth $8,381,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of RAMP. First Horizon Advisors Inc. purchased a new stake in shares of LiveRamp in the fourth quarter worth about $38,000. Quarry LP increased its holdings in shares of LiveRamp by 344.4% in the fourth quarter. Quarry LP now owns 1,462 shares of the company's stock valued at $44,000 after purchasing an additional 1,133 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in LiveRamp by 477.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock worth $49,000 after acquiring an additional 1,332 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in LiveRamp by 101.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company's stock worth $62,000 after acquiring an additional 1,027 shares during the last quarter. Finally, KBC Group NV increased its stake in LiveRamp by 57.0% during the fourth quarter. KBC Group NV now owns 3,457 shares of the company's stock worth $105,000 after acquiring an additional 1,255 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company's stock.

LiveRamp Stock Down 7.9%

Shares of RAMP traded down $2.63 on Friday, reaching $30.87. The stock had a trading volume of 1,448,374 shares, compared to its average volume of 637,836. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $36.08. The firm has a 50-day moving average of $26.84 and a 200 day moving average of $29.48. The firm has a market capitalization of $2.03 billion, a PE ratio of 3,086.80 and a beta of 1.02.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its earnings results 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). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. The company had revenue of $188.72 million during the quarter, compared to analysts' expectations of $185.41 million. During the same period in the previous year, the company posted $0.25 EPS. LiveRamp's quarterly revenue was up 9.8% compared to the same quarter last year. On average, sell-side analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

About LiveRamp

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.