LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Sold by Bank of America Corp DE

Bank of America Corp DE decreased its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 374,659 shares of the company's stock after selling 12,731 shares during the quarter. Bank of America Corp DE owned approximately 0.57% of LiveRamp worth $11,378,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Barclays PLC grew its position in shares of LiveRamp by 56.3% during the third quarter. Barclays PLC now owns 438,121 shares of the company's stock worth $10,857,000 after buying an additional 157,775 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in LiveRamp by 30.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 41,205 shares of the company's stock worth $1,251,000 after acquiring an additional 9,737 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in LiveRamp by 4.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 70,193 shares of the company's stock worth $2,132,000 after acquiring an additional 2,872 shares in the last quarter. Tributary Capital Management LLC purchased a new stake in shares of LiveRamp in the 4th quarter valued at approximately $15,251,000. Finally, KBC Group NV increased its position in shares of LiveRamp by 57.0% in the 4th quarter. KBC Group NV now owns 3,457 shares of the company's stock valued at $105,000 after purchasing an additional 1,255 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

LiveRamp Stock Performance

NYSE RAMP traded up $0.88 during trading hours on Tuesday, hitting $31.80. The company had a trading volume of 426,998 shares, compared to its average volume of 634,178. The business has a 50 day moving average of $26.92 and a 200-day moving average of $29.52. The company has a market cap of $2.09 billion, a PE ratio of 3,178.10 and a beta of 1.02. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last announced 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). The firm had revenue of $188.72 million during the quarter, compared to analyst estimates of $185.41 million. LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. Sell-side analysts expect that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RAMP has been the subject of several recent analyst reports. Wall Street Zen raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Evercore ISI restated an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. 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, May 22nd. Benchmark reiterated a "buy" rating and issued a $48.00 price objective (up previously from $45.00) on shares of LiveRamp in a report on Thursday, May 22nd. Finally, Morgan Stanley raised 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, LiveRamp has a consensus rating of "Moderate Buy" and a consensus target price of $40.67.

LiveRamp 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.