LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. reduced its stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 15.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,324 shares of the company's stock after selling 17,259 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.14% of LiveRamp worth $2,895,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. purchased a new stake in shares of LiveRamp in the fourth quarter valued at $38,000. Quarry LP lifted its position in LiveRamp by 344.4% during the fourth quarter. Quarry LP now owns 1,462 shares of the company's stock worth $44,000 after buying an additional 1,133 shares during the period. Smartleaf Asset Management LLC lifted its position in LiveRamp by 477.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock worth $49,000 after buying an additional 1,332 shares during the period. Parkside Financial Bank & Trust lifted its position in LiveRamp by 101.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company's stock worth $62,000 after buying an additional 1,027 shares during the period. Finally, KBC Group NV lifted its position in LiveRamp by 57.0% during the fourth quarter. KBC Group NV now owns 3,457 shares of the company's stock worth $105,000 after buying an additional 1,255 shares during the period. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

LiveRamp Trading Down 7.9%

Shares of LiveRamp stock traded down $2.63 during trading hours on Friday, reaching $30.87. The stock had a trading volume of 1,448,374 shares, compared to its average volume of 634,787. The firm has a 50 day simple moving average of $26.84 and a two-hundred day simple moving average of $29.50. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 3,086.80 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 released its quarterly earnings data on Wednesday, May 21st. The company reported $0.30 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 analysts' expectations of $185.41 million. LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.25 earnings per share. Sell-side analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Evercore ISI reiterated an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. Morgan Stanley increased 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. Benchmark reiterated a "buy" rating and set a $48.00 target price (up from $45.00) on shares of LiveRamp in a research report on Thursday. Wall Street Zen upgraded LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company raised their price objective on LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.