Fort Washington Investment Advisors Inc. OH Sells 25,826 Shares of LiveRamp Holdings, Inc. $RAMP

Key Points

• Fort Washington Investment Advisors Inc. OH reduced its stake in LiveRamp Holdings by 2.6%, selling 25,826 shares, and now owns 971,576 shares valued at approximately $32.1 million.
• Insider trades were recorded, including Director Timothy R. Cadogan selling 2,500 shares at an average price of $34.00, representing a 4.31% decrease in their position.
• Analysts have mixed ratings on LiveRamp, with a range of price targets and assessments, including a recent upgrade to a strong-buy rating from Wall Street Zen.

Fort Washington Investment Advisors Inc. OH trimmed its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 2.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 971,576 shares of the company's stock after selling 25,826 shares during the period. Fort Washington Investment Advisors Inc. OH owned 1.49% of LiveRamp worth $32,101,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC grew its position in LiveRamp by 2.2% in the second quarter. Exchange Traded Concepts LLC now owns 29,466 shares of the company's stock worth $974,000 after acquiring an additional 622 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in LiveRamp by 1.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,234 shares of the company's stock worth $999,000 after acquiring an additional 677 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its stake in shares of LiveRamp by 3.1% in the first quarter. Azzad Asset Management Inc. ADV now owns 22,870 shares of the company's stock worth $598,000 after buying an additional 695 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of LiveRamp by 12.9% in the first quarter. Empowered Funds LLC now owns 8,164 shares of the company's stock worth $213,000 after buying an additional 936 shares during the last quarter. Finally, Blue Trust Inc. lifted 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 buying an additional 989 shares during the last quarter. 93.83% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Timothy R. Cadogan sold 2,500 shares of the stock in a transaction 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 owned 55,470 shares in the company, valued at approximately $1,885,980. This represents a 4.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Mohsin Hussain sold 12,734 shares of the stock in a transaction 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 approximately $1,771,647.46. This represents a 16.72% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.31% of the company's stock.

Wall Street Analyst Weigh In

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

LiveRamp Price Performance

NYSE:RAMP opened at $28.15 on Friday. The stock has a market cap of $1.85 billion, a P/E ratio of 127.96 and a beta of 0.92. LiveRamp Holdings, Inc. has a one year low of $22.82 and a one year high of $36.08. The company has a fifty day moving average price of $28.63 and a 200 day moving average price of $29.03.

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