Deutsche Bank AG Invests $2.59 Million in LiveRamp Holdings, Inc. $RAMP

Key Points

• Deutsche Bank acquired 68,861 LiveRamp shares worth approximately $2.59 million during the second quarter, giving it a 0.11% stake.
• Institutional investors and hedge funds collectively own 93.83% of LiveRamp, with several funds recently increasing or initiating positions.
• LiveRamp exceeded quarterly expectations, reporting $0.65 EPS versus the $0.58 consensus and $213.99 million in revenue, up 9.9% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $40.21.

Deutsche Bank AG acquired a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 68,861 shares of the company's stock, valued at approximately $2,592,000. Deutsche Bank AG owned 0.11% of LiveRamp as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the business. Sound Income Strategies LLC increased its position in LiveRamp by 769.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,069 shares of the company's stock worth $28,000 after purchasing an additional 946 shares during the period. Strs Ohio acquired a new position in LiveRamp during the first quarter worth about $31,000. Headlands Technologies LLC purchased a new stake in LiveRamp in the 2nd quarter valued at approximately $31,000. Hantz Financial Services Inc. lifted its position in shares of LiveRamp by 197.0% in the fourth 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 in the last quarter. Finally, EverSource Wealth Advisors LLC boosted 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 last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

LiveRamp Stock Performance

LiveRamp stock opened at $37.77 on Friday. LiveRamp Holdings, Inc. has a one year low of $21.71 and a one year high of $38.23. The company has a 50-day simple moving average of $37.74 and a 200-day simple moving average of $32.78. The firm has a market capitalization of $2.30 billion, a P/E ratio of 15.48 and a beta of 1.29.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. The firm had revenue of $213.99 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. As a group, sell-side analysts forecast that LiveRamp Holdings, Inc. will post 2.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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