Bank of America Corp DE Sells 52,077 Shares of LiveRamp Holdings, Inc. $RAMP

Key Points

• Bank of America reduced its LiveRamp stake by 18.2%, selling 52,077 shares during the first quarter and retaining 234,666 shares worth approximately $6.2 million.
• Despite Bank of America’s sale, institutional ownership remains high at 93.83%, with several major investors—including Fort Washington, Boston Partners, Dimensional Fund Advisors, and Arrowstreet Capital—increasing their positions.
• LiveRamp exceeded quarterly expectations, reporting $0.65 EPS versus the $0.58 consensus and revenue of $213.99 million, up 9.9% year over year. Analysts maintain a consensus “Hold” rating with a $40.21 target price.

Bank of America Corp DE lessened its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 18.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 234,666 shares of the company's stock after selling 52,077 shares during the period. Bank of America Corp DE owned approximately 0.37% of LiveRamp worth $6,223,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of LiveRamp during the fourth quarter valued at $55,256,000. Fort Washington Investment Advisors Inc. OH lifted its stake in LiveRamp by 37.0% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,960,674 shares of the company's stock worth $51,997,000 after acquiring an additional 529,485 shares during the period. Boston Partners increased its position in LiveRamp by 56.6% during the 3rd quarter. Boston Partners now owns 1,269,623 shares of the company's stock valued at $34,746,000 after purchasing an additional 459,094 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of LiveRamp by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,772,213 shares of the company's stock valued at $73,519,000 after purchasing an additional 365,894 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of LiveRamp by 16.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,550,435 shares of the company's stock valued at $41,118,000 after purchasing an additional 213,706 shares in the last quarter. Institutional investors own 93.83% of the company's stock.

LiveRamp Stock Down 0.1%

NYSE:RAMP opened at $37.68 on Thursday. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 15.44 and a beta of 1.29. LiveRamp Holdings, Inc. has a 52 week low of $21.71 and a 52 week high of $38.23. The firm has a 50 day moving average of $37.74 and a 200 day moving average of $32.67.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. LiveRamp had a return on equity of 9.77% and a net margin of 18.71%.The business had revenue of $213.99 million for the quarter, compared to the consensus estimate of $211.45 million. During the same period in the prior year, the firm posted $0.44 earnings per share. The business's quarterly revenue was up 9.9% on a year-over-year basis. As a group, analysts expect that LiveRamp Holdings, Inc. will post 2.04 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on RAMP shares. DA Davidson reiterated a "neutral" rating on shares of LiveRamp in a research note on Tuesday, August 11th. Weiss Ratings upgraded LiveRamp from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Morgan Stanley set a $38.50 target price on LiveRamp in a research report on Friday, May 22nd. Finally, Craig Hallum downgraded LiveRamp from a "buy" rating to a "hold" rating and set a $38.50 price target on the stock. in a report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, LiveRamp has an average rating of "Hold" and a consensus target price of $40.21.

LiveRamp Profile

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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