Assenagon Asset Management S.A. Sells 226,185 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Assenagon Asset Management S.A. reduced its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 47.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 246,229 shares of the company's stock after selling 226,185 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.37% of LiveRamp worth $6,436,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. purchased a new stake in LiveRamp in the 4th quarter worth approximately $38,000. Quarry LP increased its stake in shares of LiveRamp by 344.4% in the fourth quarter. Quarry LP now owns 1,462 shares of the company's stock worth $44,000 after acquiring an additional 1,133 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of 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 in the last quarter. Parkside Financial Bank & Trust boosted its position in LiveRamp by 101.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company's stock valued at $62,000 after purchasing an additional 1,027 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in LiveRamp by 97.0% during the fourth quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company's stock valued at $121,000 after purchasing an additional 1,963 shares during the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

LiveRamp Trading Down 4.3%

LiveRamp stock traded down $1.34 during trading hours on Wednesday, reaching $30.08. 265,962 shares of the company were exchanged, compared to its average volume of 625,623. LiveRamp Holdings, Inc. has a 12 month low of $21.45 and a 12 month high of $36.08. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of -3,010.90 and a beta of 1.01. The stock has a 50-day moving average of $29.00 and a 200 day moving average of $29.86.

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 negative net margin of 0.11% and a positive return on equity of 1.33%. The firm had revenue of $188.72 million during the quarter, compared to analyst estimates of $185.41 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. The business's quarterly revenue was up 9.8% compared to the same quarter last year. As a group, research analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Benchmark reaffirmed a "buy" rating and set a $48.00 price target (up from $45.00) on shares of LiveRamp in a research note on Thursday, May 22nd. Wall Street Zen raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Wells Fargo & Company lifted their target price on shares of LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research note on Thursday, May 22nd. Morgan Stanley increased their price target on shares of LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. Finally, Evercore ISI restated an "underperform" rating on shares of LiveRamp in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.67.

Insider Buying and Selling at LiveRamp

In other news, CTO Mohsin Hussain sold 17,529 shares of the company'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 now owns 79,616 shares of the company's stock, valued at approximately $2,627,328. This represents a 18.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.39% of the company's stock.

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.