Baillie Gifford & Co. Lowers Stake in LiveRamp Holdings, Inc. $RAMP

Key Points

• Baillie Gifford & Co. trimmed its stake in LiveRamp by 8.4%, selling 86,669 shares and ending the quarter with 939,961 shares (about 1.48% of the company) valued at $27.6 million.
• LiveRamp beat quarterly EPS and revenue expectations and the board authorized a $200 million stock buyback, representing up to 13.6% of outstanding shares.
• Analysts are mixed—three Buy and four Hold ratings produce a consensus “Hold” with a $39.00 target, and several firms recently lowered price targets.

Baillie Gifford & Co. lowered its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 8.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 939,961 shares of the company's stock after selling 86,669 shares during the quarter. Baillie Gifford & Co. owned 1.48% of LiveRamp worth $27,607,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Central Pacific Bank Trust Division lifted its holdings in LiveRamp by 4.8% during the fourth quarter. Central Pacific Bank Trust Division now owns 10,169 shares of the company's stock valued at $299,000 after purchasing an additional 470 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in LiveRamp by 18.8% during the third quarter. Parkside Financial Bank & Trust now owns 3,080 shares of the company's stock valued at $84,000 after purchasing an additional 487 shares in the last quarter. Engineers Gate Manager LP lifted its holdings in LiveRamp by 0.5% during the second quarter. Engineers Gate Manager LP now owns 113,424 shares of the company's stock valued at $3,748,000 after purchasing an additional 561 shares in the last quarter. US Bancorp DE lifted its holdings in LiveRamp by 8.8% during the third quarter. US Bancorp DE now owns 6,944 shares of the company's stock valued at $188,000 after purchasing an additional 564 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in LiveRamp by 1.1% during the second quarter. California State Teachers Retirement System now owns 61,432 shares of the company's stock valued at $2,030,000 after purchasing an additional 640 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. DA Davidson lowered their price target on shares of LiveRamp from $45.00 to $35.00 and set a "buy" rating on the stock in a report on Friday, February 6th. Wells Fargo & Company lifted their price target on shares of LiveRamp from $34.00 to $38.00 and gave the company an "equal weight" rating in a report on Friday, February 6th. Benchmark lowered their price target on shares of LiveRamp from $53.00 to $38.00 and set a "buy" rating on the stock in a report on Tuesday, February 3rd. Zacks Research cut shares of LiveRamp from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 12th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of LiveRamp in a research report on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $39.00.

LiveRamp Price Performance

LiveRamp stock opened at $26.59 on Tuesday. The stock has a market cap of $1.68 billion, a P/E ratio of 25.09 and a beta of 1.16. LiveRamp Holdings, Inc. has a 1 year low of $21.71 and a 1 year high of $35.20. The firm's 50 day moving average price is $26.31 and its 200-day moving average price is $27.45.

LiveRamp (NYSE:RAMP - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.07. The firm had revenue of $212.20 million for the quarter, compared to analysts' expectations of $211.68 million. LiveRamp had a net margin of 8.64% and a return on equity of 6.40%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share. As a group, equities analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

LiveRamp announced that its board has initiated a stock repurchase plan on Thursday, February 12th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 13.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.

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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