Assenagon Asset Management S.A. Makes New $21.86 Million Investment in LiveRamp Holdings, Inc. $RAMP

Key Points

• Assenagon Asset Management purchased 580,829 LiveRamp shares worth approximately $21.86 million, giving it a 0.97% stake. Institutional investors collectively own 93.83% of the company.
• Analyst sentiment is mostly cautious: LiveRamp has an average “Hold” rating from MarketBeat, with an average price target of $40.21.
• LiveRamp exceeded quarterly expectations, reporting $0.65 EPS versus the $0.58 consensus estimate and $213.99 million in revenue, up 9.9% year over year.

Assenagon Asset Management S.A. purchased a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 580,829 shares of the company's stock, valued at approximately $21,862,000. Assenagon Asset Management S.A. owned 0.97% of LiveRamp as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Pacer Advisors Inc. grew its stake in shares of LiveRamp by 23.2% in the first quarter. Pacer Advisors Inc. now owns 242,816 shares of the company's stock worth $6,439,000 after purchasing an additional 45,662 shares during the last quarter. NewEdge Advisors LLC raised its position in LiveRamp by 9.0% during the 1st quarter. NewEdge Advisors LLC now owns 8,238 shares of the company's stock worth $218,000 after purchasing an additional 677 shares during the last quarter. Edgestream Partners L.P. raised its position in LiveRamp by 80.0% during the 1st quarter. Edgestream Partners L.P. now owns 25,262 shares of the company's stock worth $670,000 after purchasing an additional 11,230 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in LiveRamp by 31.5% during the 1st quarter. Janus Henderson Group PLC now owns 644,396 shares of the company's stock worth $17,105,000 after buying an additional 154,461 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in LiveRamp by 30.8% during the 1st quarter. California State Teachers Retirement System now owns 80,295 shares of the company's stock worth $2,129,000 after buying an additional 18,917 shares during the period. Institutional investors own 93.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on RAMP shares. Weiss Ratings cut LiveRamp from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, June 8th. DA Davidson lowered LiveRamp from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $35.00 to $38.50 in a research note on Monday, May 18th. Craig Hallum cut LiveRamp from a "buy" rating to a "hold" rating and set a $38.50 target price on the stock. in a report on Tuesday, May 19th. Finally, Morgan Stanley set a $38.50 target price on LiveRamp in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $40.21.

LiveRamp Stock Up 0.0%

NYSE:RAMP opened at $37.81 on Monday. LiveRamp Holdings, Inc. has a twelve month low of $21.71 and a twelve month high of $38.23. The company has a fifty day moving average of $37.69 and a 200-day moving average of $31.46. The firm has a market capitalization of $2.30 billion, a P/E ratio of 15.50 and a beta of 1.29.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07. The business had revenue of $213.99 million for the quarter, compared to analyst estimates of $211.45 million. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%. LiveRamp's revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 earnings per share. On average, analysts anticipate that LiveRamp Holdings, Inc. will post 2.07 EPS for the current fiscal year.

About LiveRamp

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company's core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp's platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.

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