Banque Pictet & Cie SA Reduces Holdings in LiveRamp Holdings, Inc. $RAMP

Key Points

• Banque Pictet & Cie SA has reduced its position in LiveRamp Holdings by 50% in the second quarter, leaving the firm with 51,000 shares valued at approximately $1.68 million.
• Analysts are mixed on LiveRamp's stock, with Zacks downgrading it to a "strong sell," while Benchmark raised its price target to $51.00, and Wall Street Zen upgraded it to a "strong-buy."
• LiveRamp's recent earnings report showed a 10.7% increase in quarterly revenue year-over-year, with an EPS of $0.44, exceeding the consensus estimate.

Banque Pictet & Cie SA reduced its position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 50.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 51,000 shares of the company's stock after selling 51,000 shares during the period. Banque Pictet & Cie SA owned about 0.08% of LiveRamp worth $1,685,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC lifted its holdings in shares of LiveRamp by 2.2% during the 2nd quarter. Exchange Traded Concepts LLC now owns 29,466 shares of the company's stock valued at $974,000 after acquiring an additional 622 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of LiveRamp by 1.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,234 shares of the company's stock valued at $999,000 after acquiring an additional 677 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its holdings in shares of LiveRamp by 3.1% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 22,870 shares of the company's stock valued at $598,000 after acquiring an additional 695 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of LiveRamp by 12.9% during the 1st quarter. Empowered Funds LLC now owns 8,164 shares of the company's stock valued at $213,000 after acquiring an additional 936 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of LiveRamp by 63.0% during the 1st quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock valued at $67,000 after acquiring an additional 989 shares in the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RAMP. Zacks Research lowered shares of LiveRamp from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. Morgan Stanley cut their price objective on shares of LiveRamp from $34.00 to $30.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 12th. Benchmark reiterated a "buy" rating and issued a $51.00 price objective (up previously from $48.00) on shares of LiveRamp in a report on Tuesday, August 5th. Wall Street Zen upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. Finally, DA Davidson assumed coverage on shares of LiveRamp in a report on Wednesday, July 9th. They issued a "buy" rating and a $45.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $40.83.

Insider Activity at LiveRamp

In other news, Director Timothy R. Cadogan sold 2,500 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $34.00, for a total value of $85,000.00. Following the completion of the transaction, the director directly owned 55,470 shares in the company, valued at $1,885,980. This trade represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Mohsin Hussain sold 12,734 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $27.94, for a total transaction of $355,787.96. Following the completion of the transaction, the chief technology officer owned 63,409 shares of the company's stock, valued at $1,771,647.46. This trade represents a 16.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.31% of the company's stock.

LiveRamp Stock Up 1.2%

RAMP opened at $28.15 on Friday. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 127.96 and a beta of 0.92. LiveRamp Holdings, Inc. has a fifty-two week low of $22.82 and a fifty-two week high of $36.08. The company's 50-day moving average price is $28.63 and its 200 day moving average price is $29.01.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $194.82 million during the quarter, compared to analysts' expectations of $191.22 million. LiveRamp had a net margin of 1.89% and a return on equity of 2.21%. LiveRamp's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 EPS. Research analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

LiveRamp Company 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.

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