Legal & General Group Plc acquired a new position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 147,283 shares of the company's stock, valued at approximately $5,544,000. Legal & General Group Plc owned approximately 0.24% of LiveRamp at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in LiveRamp in the 2nd quarter worth approximately $381,301,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of LiveRamp in the 4th quarter worth approximately $55,256,000. Assenagon Asset Management S.A. purchased a new stake in shares of LiveRamp in the 2nd quarter valued at $21,862,000. OMERS ADMINISTRATION Corp bought a new position in shares of LiveRamp during the 2nd quarter valued at $20,209,000. Finally, Fort Washington Investment Advisors Inc. OH raised its position in LiveRamp by 37.0% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,960,674 shares of the company's stock worth $51,997,000 after purchasing an additional 529,485 shares during the period. 93.83% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
RAMP has been the subject of several analyst reports. Morgan Stanley set a $38.50 price target on shares of LiveRamp in a research report on Friday, May 22nd. Weiss Ratings upgraded LiveRamp from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. DA Davidson reissued a "neutral" rating on shares of LiveRamp in a research note on Tuesday, August 11th. Finally, Craig Hallum cut LiveRamp from a "buy" rating to a "hold" rating and set a $38.50 target price for the company. in a report on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $40.21.
Check Out Our Latest Stock Analysis on RAMP
LiveRamp Trading Down 0.1%
RAMP stock opened at $37.76 on Friday. The firm's 50-day moving average price is $37.76 and its two-hundred day moving average price is $33.27. LiveRamp Holdings, Inc. has a 12-month low of $21.71 and a 12-month high of $38.23. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 15.48 and a beta of 1.25.
LiveRamp (NYSE:RAMP - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%. The company had revenue of $213.99 million during the quarter, compared to analyst estimates of $211.45 million. During the same period in the prior year, the business posted $0.44 earnings per share. LiveRamp's revenue for the quarter was up 9.9% on a year-over-year basis. Equities analysts predict that LiveRamp Holdings, Inc. will post 2.04 EPS for the current year.
About LiveRamp
(
Free Report)
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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