JPMorgan Chase & Co. Sells 52,479 Shares of LiveRamp Holdings, Inc. $RAMP

Key Points

• JPMorgan Chase trimmed its stake in LiveRamp by 8.8%, selling 52,479 shares and finishing the quarter with 542,178 shares (about 0.85% of the company, ~$14.7M).
• LiveRamp beat quarterly estimates with EPS of $0.76 versus $0.69 and revenue of $212.2M (+8.6% YoY); the stock trades near $25.93 and the company has a market cap of about $1.64B.
• The board approved a $200 million share repurchase program (up to ~13.6% of shares) while analysts’ consensus rating is "Hold" with a $39 target.

JPMorgan Chase & Co. decreased its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 8.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 542,178 shares of the company's stock after selling 52,479 shares during the period. JPMorgan Chase & Co. owned 0.85% of LiveRamp worth $14,715,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new stake in LiveRamp in the 2nd quarter valued at about $31,000. Strs Ohio acquired a new position in shares of LiveRamp during the first quarter worth approximately $31,000. Picton Mahoney Asset Management acquired a new position in shares of LiveRamp during the third quarter worth approximately $38,000. Parkside Financial Bank & Trust grew its stake in shares of LiveRamp by 18.8% during the third quarter. Parkside Financial Bank & Trust now owns 3,080 shares of the company's stock valued at $84,000 after purchasing an additional 487 shares during the last quarter. Finally, Triumph Capital Management acquired a new stake in shares of LiveRamp in the third quarter valued at approximately $122,000. Institutional investors own 93.83% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Zacks Research cut shares of LiveRamp from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 12th. Weiss Ratings reissued a "hold (c)" rating on shares of LiveRamp in a research note on Monday, December 29th. Wells Fargo & Company boosted their target price on LiveRamp from $34.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Friday, February 6th. Evercore began coverage on LiveRamp in a research note on Tuesday. They set an "outperform" rating and a $37.00 price target on the stock. Finally, Benchmark decreased their price target on LiveRamp from $53.00 to $38.00 and set a "buy" rating on the stock in a report on Tuesday, February 3rd. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $39.00.

LiveRamp Price Performance

RAMP opened at $25.93 on Friday. The firm has a 50 day simple moving average of $25.93 and a 200 day simple moving average of $27.50. LiveRamp Holdings, Inc. has a fifty-two week low of $21.71 and a fifty-two week high of $35.20. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 24.46 and a beta of 1.12.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. LiveRamp had a net margin of 8.64% and a return on equity of 6.40%. The firm had revenue of $212.20 million for the quarter, compared to analysts' expectations of $211.68 million. During the same period last year, the firm earned $0.55 earnings per share. The business's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

LiveRamp announced that its Board of Directors has approved a share repurchase program on Thursday, February 12th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to repurchase up to 13.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

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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