Fort Washington Investment Advisors Inc. OH Purchases 212,572 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 27.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 997,402 shares of the company's stock after purchasing an additional 212,572 shares during the period. Fort Washington Investment Advisors Inc. OH owned 1.52% of LiveRamp worth $26,072,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Empowered Funds LLC bought a new position in LiveRamp in the fourth quarter valued at about $220,000. Allspring Global Investments Holdings LLC lifted its holdings in LiveRamp by 451.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 248,573 shares of the company's stock valued at $7,522,000 after buying an additional 203,471 shares during the period. Stanley Laman Group Ltd. acquired a new position in LiveRamp in the fourth quarter valued at about $2,374,000. Rhumbline Advisers grew its position in shares of LiveRamp by 1.3% during the 4th quarter. Rhumbline Advisers now owns 185,383 shares of the company's stock worth $5,630,000 after buying an additional 2,419 shares during the period. Finally, Baillie Gifford & Co. increased its stake in shares of LiveRamp by 4.3% in the 4th quarter. Baillie Gifford & Co. now owns 1,416,642 shares of the company's stock valued at $43,023,000 after acquiring an additional 58,568 shares during the last quarter. Institutional investors own 93.83% of the company's stock.

LiveRamp Stock Up 1.4%

NYSE:RAMP traded up $0.43 during trading hours on Monday, reaching $31.73. The company had a trading volume of 367,616 shares, compared to its average volume of 628,414. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $36.08. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 3,173.00 and a beta of 1.01. The business's 50-day simple moving average is $28.73 and its two-hundred day simple moving average is $29.84.

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 the consensus estimate of $0.31 by ($0.01). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. The firm had revenue of $188.72 million for the quarter, compared to the consensus estimate of $185.41 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The company's revenue was up 9.8% compared to the same quarter last year. As a group, equities analysts predict that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. 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 research note on Thursday, May 22nd. Benchmark reissued a "buy" rating and issued a $48.00 target price (up from $45.00) on shares of LiveRamp in a research note on Thursday, May 22nd. Evercore ISI reiterated an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. Finally, Morgan Stanley increased their target price on LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. One equities 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 given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $40.67.

Insider Activity

In other news, CTO Mohsin Hussain sold 17,529 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total value of $578,457.00. Following the completion of the sale, the chief technology officer now owns 79,616 shares in the company, valued at $2,627,328. This represents a 18.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.39% of the company's stock.

About LiveRamp

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.