Boston Partners Acquires 105,450 Shares of LiveRamp Holdings, Inc. $RAMP

Key Points

• Boston Partners increased its stake in LiveRamp Holdings, acquiring an additional 105,450 shares, raising its total ownership to 795,507 shares, valued at approximately $20.66 million.
• The stock of LiveRamp opened at $26.64 and has a diverse collection of price targets set by analysts, with the highest at $51.00 and an average target of $40.83.
• During the past quarter, LiveRamp reported earnings of $0.44 per share, beating estimates and reflecting a revenue increase of 10.7% year-over-year, totaling $194.82 million.

Boston Partners increased its position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 15.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 795,507 shares of the company's stock after purchasing an additional 105,450 shares during the period. Boston Partners owned 1.21% of LiveRamp worth $20,664,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP grew its stake in LiveRamp by 344.4% in the fourth quarter. Quarry LP now owns 1,462 shares of the company's stock worth $44,000 after purchasing an additional 1,133 shares during the period. Blue Trust Inc. grew its stake in shares of LiveRamp by 63.0% in the first quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock worth $67,000 after acquiring an additional 989 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of LiveRamp by 97.0% in the fourth quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company's stock worth $121,000 after acquiring an additional 1,963 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of LiveRamp in the fourth quarter worth $206,000. Finally, Summit Investment Advisors Inc. grew its stake in shares of LiveRamp by 7.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,906 shares of the company's stock worth $210,000 after acquiring an additional 462 shares during the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RAMP. Morgan Stanley cut their target price on LiveRamp from $34.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 12th. Wells Fargo & Company increased their price objective on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. DA Davidson assumed coverage on LiveRamp in a research report on Wednesday, July 9th. They set a "buy" rating and a $45.00 price objective on the stock. Wall Street Zen raised LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Benchmark reaffirmed a "buy" rating and set a $51.00 price objective (up from $48.00) on shares of LiveRamp in a research report on Tuesday, August 5th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, LiveRamp presently has a consensus rating of "Hold" and an average price target of $40.83.

Insider Activity

In other news, Director Timothy R. Cadogan sold 2,500 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $34.00, for a total value of $85,000.00. Following the transaction, the director owned 55,470 shares of the company's stock, valued at $1,885,980. This trade represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Mohsin Hussain sold 17,529 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $33.00, for a total value of $578,457.00. Following the completion of the transaction, the chief technology officer directly owned 79,616 shares in the company, valued at $2,627,328. This trade represents a 18.04% decrease in their position. The disclosure for this sale can be found here. 3.31% of the stock is owned by company insiders.

LiveRamp Trading Down 0.8%

RAMP stock traded down $0.2160 during trading on Wednesday, reaching $26.5940. The stock had a trading volume of 247,042 shares, compared to its average volume of 572,265. The stock's 50 day moving average is $31.47 and its two-hundred day moving average is $29.82. LiveRamp Holdings, Inc. has a 52 week low of $22.82 and a 52 week high of $36.08. The firm has a market cap of $1.74 billion, a PE ratio of 120.67 and a beta of 1.00.

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

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.