Bank of New York Mellon Corp Buys New Position in LiveRamp Holdings, Inc. $RAMP

Key Points

• Bank of New York Mellon acquired 428,145 LiveRamp shares worth approximately $16.1 million, representing about 0.70% of the company. Institutional investors and hedge funds collectively own 93.83% of LiveRamp.
• Analysts maintain a generally cautious outlook: LiveRamp has a consensus “Hold” rating from eight analysts, with an average price target of $40.21.
• LiveRamp exceeded quarterly expectations, reporting $0.65 in earnings per share versus a $0.58 estimate and $213.99 million in revenue. Revenue increased 9.9% year over year, while shares recently traded near $37.73.

Bank of New York Mellon Corp bought a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 428,145 shares of the company's stock, valued at approximately $16,115,000. Bank of New York Mellon Corp owned approximately 0.70% of LiveRamp at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of RAMP. Headlands Technologies LLC purchased a new position in shares of LiveRamp during the second quarter valued at approximately $31,000. Sound Income Strategies LLC grew its stake in LiveRamp by 769.1% in the 1st quarter. Sound Income Strategies LLC now owns 1,069 shares of the company's stock worth $28,000 after acquiring an additional 946 shares during the period. Hantz Financial Services Inc. raised its holdings in LiveRamp by 197.0% in the 4th quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company's stock valued at $32,000 after acquiring an additional 727 shares during the last quarter. Strs Ohio acquired a new position in LiveRamp in the 1st quarter valued at $31,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of LiveRamp by 63.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company's stock worth $44,000 after purchasing an additional 583 shares during the period. 93.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Weiss Ratings upgraded LiveRamp from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. Craig Hallum cut LiveRamp from a "buy" rating to a "hold" rating and set a $38.50 price target for the company. in a report on Tuesday, May 19th. DA Davidson reiterated a "neutral" rating on shares of LiveRamp in a report on Tuesday, August 11th. Finally, Morgan Stanley set a $38.50 target price on shares of LiveRamp in a research report on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $40.21.

LiveRamp Trading Down 0.0%

Shares of LiveRamp stock opened at $37.73 on Tuesday. The business's fifty day moving average price is $37.74 and its 200 day moving average price is $32.97. LiveRamp Holdings, Inc. has a twelve month low of $21.71 and a twelve month high of $38.23. The stock has a market capitalization of $2.29 billion, a P/E ratio of 15.46 and a beta of 1.29.

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

LiveRamp Company 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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