Fox Run Management L.L.C. Cuts Stake in LiveRamp Holdings, Inc. $RAMP

Key Points

• Fox Run Management L.L.C. reduced its stake in LiveRamp Holdings, Inc. by 55.5%, selling 14,472 shares and holding 11,587 shares valued at approximately $303,000 at the end of the most recent quarter.
• Analysts have mixed views on LiveRamp, with benchmark price targets ranging from $30 to $51; the average target price is currently $40.83.
• LiveRamp's recent quarterly earnings report showed a 10.7% year-over-year revenue increase, with earnings per share of $0.44, exceeding the consensus estimate.

Fox Run Management L.L.C. reduced its stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 55.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,587 shares of the company's stock after selling 14,472 shares during the period. Fox Run Management L.L.C.'s holdings in LiveRamp were worth $303,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of LiveRamp by 3.2% in the first quarter. Vanguard Group Inc. now owns 9,131,290 shares of the company's stock worth $238,692,000 after acquiring an additional 283,747 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of LiveRamp by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,694,801 shares of the company's stock valued at $81,843,000 after purchasing an additional 121,856 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of LiveRamp by 10.3% during the fourth quarter. Janus Henderson Group PLC now owns 1,798,198 shares of the company's stock valued at $54,600,000 after purchasing an additional 168,418 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of LiveRamp by 0.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,004,497 shares of the company's stock valued at $26,258,000 after purchasing an additional 8,537 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of LiveRamp by 27.1% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 997,402 shares of the company's stock valued at $26,072,000 after purchasing an additional 212,572 shares in the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

LiveRamp Trading Up 3.6%

RAMP stock traded up $0.98 during trading on Friday, reaching $27.89. The stock had a trading volume of 634,259 shares, compared to its average volume of 671,849. LiveRamp Holdings, Inc. has a 52 week low of $22.82 and a 52 week high of $36.08. The stock's 50 day moving average is $31.18 and its two-hundred day moving average is $29.67. The firm has a market cap of $1.83 billion, a PE ratio of 126.78 and a beta of 1.00.

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

Insider Activity

In other news, 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 transaction, the chief technology officer owned 79,616 shares of the company's stock, valued at $2,627,328. This trade represents a 18.04% 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, 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 completion of the transaction, the director directly owned 55,470 shares in the company, valued at $1,885,980. This trade represents a 4.31% decrease in their position. The disclosure for this sale can be found here. 3.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RAMP. Wells Fargo & Company upped their price target on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Morgan Stanley lowered their price target on LiveRamp from $34.00 to $30.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 12th. Benchmark reaffirmed a "buy" rating and set a $51.00 price target (up from $48.00) on shares of LiveRamp in a report on Tuesday, August 5th. Zacks Research downgraded LiveRamp from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. Finally, DA Davidson assumed coverage on LiveRamp in a report on Wednesday, July 9th. They issued a "buy" rating and a $45.00 target price on the stock. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, LiveRamp currently has an average rating of "Hold" and an average price target of $40.83.

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.