Bank of America Corp DE Lowers Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Bank of America Corp DE reduced its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 374,659 shares of the company's stock after selling 12,731 shares during the quarter. Bank of America Corp DE owned about 0.57% of LiveRamp worth $11,378,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. bought a new stake in LiveRamp during the 4th quarter worth approximately $38,000. Quarry LP grew its position in shares of LiveRamp by 344.4% during the 4th quarter. Quarry LP now owns 1,462 shares of the company's stock valued at $44,000 after purchasing an additional 1,133 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of LiveRamp by 477.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock worth $49,000 after purchasing an additional 1,332 shares during the period. Parkside Financial Bank & Trust raised its position in shares of LiveRamp by 101.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company's stock worth $62,000 after buying an additional 1,027 shares in the last quarter. Finally, KBC Group NV raised its position in shares of LiveRamp by 57.0% in the fourth quarter. KBC Group NV now owns 3,457 shares of the company's stock worth $105,000 after buying an additional 1,255 shares in the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

LiveRamp Stock Performance

Shares of RAMP stock traded up $0.29 on Wednesday, hitting $32.39. 105,637 shares of the company's stock traded hands, compared to its average volume of 598,493. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 3,238.50 and a beta of 1.02. The company's fifty day simple moving average is $27.02 and its 200 day simple moving average is $29.54. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $188.72 million for 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 was up 9.8% on a year-over-year basis. During the same period last year, the company posted $0.25 earnings per share. As a group, sell-side analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RAMP has been the topic of several recent analyst reports. Wells Fargo & Company raised their price target on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Evercore ISI reiterated an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. Morgan Stanley boosted 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. Benchmark restated a "buy" rating and set a $48.00 price objective (up previously from $45.00) on shares of LiveRamp in a research report on Thursday, May 22nd. Finally, Wall Street Zen upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.