Hsbc Holdings PLC Lowers Holdings in LiveRamp Holdings, Inc. $RAMP

Key Points

• Hsbc Holdings PLC reduced its stake in LiveRamp Holdings, Inc. by 46.1%, now holding 59,686 shares valued at approximately $1,565,000.
• Several institutional investors, including Quarry LP and CWM LLC, significantly increased their positions in LiveRamp during the last quarter, highlighting a shift in investor sentiment.
• Equity analysts' price targets for LiveRamp vary, with a consensus target price of $40.83 and ratings ranging from buy to strong sell.

Hsbc Holdings PLC reduced its stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 46.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,686 shares of the company's stock after selling 51,075 shares during the quarter. Hsbc Holdings PLC owned approximately 0.09% of LiveRamp worth $1,565,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of LiveRamp in the fourth quarter valued at about $206,000. Mariner LLC purchased a new position in shares of LiveRamp in the fourth quarter valued at about $241,000. MetLife Investment Management LLC lifted its position in shares of LiveRamp by 7.8% in the fourth quarter. MetLife Investment Management LLC now owns 39,847 shares of the company's stock valued at $1,210,000 after acquiring an additional 2,892 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of LiveRamp by 16.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,473 shares of the company's stock valued at $987,000 after acquiring an additional 4,503 shares in the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of LiveRamp by 5.7% in the fourth quarter. Voya Investment Management LLC now owns 47,618 shares of the company's stock valued at $1,446,000 after acquiring an additional 2,567 shares in the last quarter. 93.83% of the stock is owned by institutional investors.

LiveRamp Price Performance

Shares of NYSE:RAMP traded down $0.81 during trading hours on Tuesday, hitting $27.11. 265,578 shares of the company's stock traded hands, compared to its average volume of 578,512. LiveRamp Holdings, Inc. has a 1 year low of $22.82 and a 1 year high of $36.08. The business has a fifty day moving average price of $30.78 and a 200-day moving average price of $29.34. The firm has a market capitalization of $1.78 billion, a P/E ratio of 123.22 and a beta of 0.92.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. LiveRamp had a return on equity of 2.21% and a net margin of 1.89%.The business had revenue of $194.82 million during the quarter, compared to analyst estimates of $191.22 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. The company's revenue for the quarter was up 10.7% 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.

Wall Street Analyst Weigh In

RAMP has been the topic of several research analyst reports. Benchmark restated a "buy" rating and issued a $51.00 price objective (up from $48.00) on shares of LiveRamp in a research report on Tuesday, August 5th. Wells Fargo & Company boosted their price objective on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. DA Davidson initiated coverage on LiveRamp in a report on Wednesday, July 9th. They issued a "buy" rating and a $45.00 target price on the stock. Wall Street Zen cut LiveRamp from a "strong-buy" rating to a "buy" rating in a report on Saturday. Finally, Morgan Stanley reduced their price objective on LiveRamp from $34.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, LiveRamp presently has an average rating of "Hold" and a consensus target price of $40.83.

Insider Activity

In related news, Director Timothy R. Cadogan sold 2,500 shares of the business's stock in a transaction that occurred on 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 sale, the director owned 55,470 shares in the company, valued at approximately $1,885,980. The trade was a 4.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.31% of the company's stock.

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.