Jupiter Asset Management Ltd. Sells 115,960 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Key Points

• Jupiter Asset Management Ltd. reduced its holdings in LiveRamp Holdings, Inc. by 25.9% during the 1st quarter, leaving it with 330,904 shares valued at approximately $8.65 million.
• Despite Jupiter's reduction, other large investors like Pacer Advisors Inc. and Fort Washington Investment Advisors Inc. significantly increased their positions in LiveRamp, indicating strong institutional interest.
• LiveRamp's latest earnings report revealed a revenue increase of 9.8% year-over-year, but the company missed earnings expectations with a reported EPS of $0.30.

Jupiter Asset Management Ltd. decreased its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 25.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 330,904 shares of the company's stock after selling 115,960 shares during the period. Jupiter Asset Management Ltd. owned about 0.50% of LiveRamp worth $8,650,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of RAMP. Quarry LP increased its holdings in LiveRamp by 344.4% in the fourth quarter. Quarry LP now owns 1,462 shares of the company's stock valued at $44,000 after buying an additional 1,133 shares during the last quarter. Blue Trust Inc. boosted its stake in LiveRamp by 63.0% in the first quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock valued at $67,000 after acquiring an additional 989 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in LiveRamp by 97.0% in the fourth quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company's stock valued at $121,000 after acquiring an additional 1,963 shares in the last quarter. Raymond James Financial Inc. acquired a new position in LiveRamp in the fourth quarter valued at $206,000. Finally, Polymer Capital Management US LLC acquired a new position in LiveRamp in the fourth quarter valued at $208,000. Institutional investors and hedge funds own 93.83% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. DA Davidson started coverage on shares of LiveRamp in a research note on Wednesday, July 9th. They set a "buy" rating and a $45.00 target price for the company. Evercore ISI reiterated an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. Wells Fargo & Company lifted their price target on shares of LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Wall Street Zen upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Benchmark lifted their price target on shares of LiveRamp from $48.00 to $51.00 and gave the company a "buy" rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, LiveRamp presently has a consensus rating of "Moderate Buy" and an average target price of $41.71.

LiveRamp Stock Down 1.6%

NYSE RAMP traded down $0.52 on Tuesday, hitting $32.05. The stock had a trading volume of 358,613 shares, compared to its average volume of 360,427. The company's 50-day moving average is $32.64 and its two-hundred day moving average is $30.27. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of -3,205.00 and a beta of 1.00. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.01). The firm had revenue of $188.72 million for the quarter, compared to analyst estimates of $185.41 million. LiveRamp had a negative net margin of 0.11% and a positive return on equity of 1.33%. The firm's revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 EPS. On average, sell-side analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Insider Buying and Selling at LiveRamp

In other LiveRamp news, CTO Mohsin Hussain sold 17,529 shares of the 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 directly owned 79,616 shares of the company's stock, valued at $2,627,328. This represents a 18.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $85,000.00. Following the completion of the sale, the director directly owned 55,470 shares of the company's stock, valued at approximately $1,885,980. This trade represents a 4.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.31% of the company's stock.

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.