Jupiter Asset Management Ltd. Has $8.65 Million Stock Position in 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. lowered its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 25.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 330,904 shares of the company's stock after selling 115,960 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.50% of LiveRamp worth $8,650,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in LiveRamp by 4.7% in the 4th 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 increased its holdings in LiveRamp by 10.3% in the 4th 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. Fort Washington Investment Advisors Inc. OH boosted its position in LiveRamp by 27.1% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 997,402 shares of the company's stock valued at $26,072,000 after buying an additional 212,572 shares during the last quarter. JPMorgan Chase & Co. boosted its position in LiveRamp by 12.6% in the 4th quarter. JPMorgan Chase & Co. now owns 810,917 shares of the company's stock valued at $24,628,000 after buying an additional 90,878 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of LiveRamp by 10.9% during the fourth quarter. Northern Trust Corp now owns 761,316 shares of the company's stock worth $23,121,000 after buying an additional 74,560 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

LiveRamp Price Performance

Shares of NYSE RAMP traded down $4.94 during mid-day trading on Thursday, hitting $27.65. The company had a trading volume of 1,283,710 shares, compared to its average volume of 553,813. The business's 50-day simple moving average is $32.63 and its 200-day simple moving average is $30.29. LiveRamp Holdings, Inc. has a 12 month low of $21.45 and a 12 month high of $36.08. The firm has a market cap of $1.80 billion, a P/E ratio of -2,774.70 and a beta of 1.00.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $194.82 million during the quarter, compared to analyst estimates of $191.22 million. LiveRamp had a negative net margin of 0.11% and a positive return on equity of 1.33%. The company's quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 earnings per share. As a group, sell-side analysts predict that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Insider Activity at LiveRamp

In other LiveRamp news, CTO Mohsin Hussain sold 17,529 shares of LiveRamp stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total transaction of $578,457.00. Following the completion of the sale, the chief technology officer owned 79,616 shares of the company's stock, valued at approximately $2,627,328. The trade was a 18.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy R. Cadogan sold 2,500 shares of the business's 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 transaction, the director directly owned 55,470 shares of the company's stock, valued at $1,885,980. This trade represents a 4.31% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Benchmark reissued a "buy" rating and set a $51.00 target price (up previously from $48.00) on shares of LiveRamp in a report on Tuesday. Morgan Stanley lifted their target price on LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Wall Street Zen raised LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, Evercore ISI reissued an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $41.71.

About LiveRamp

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.