Deutsche Bank AG Raises Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Deutsche Bank AG grew its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 49.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 83,115 shares of the company's stock after acquiring an additional 27,346 shares during the quarter. Deutsche Bank AG owned 0.13% of LiveRamp worth $2,524,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. KLP Kapitalforvaltning AS bought a new position in shares of LiveRamp during the 4th quarter valued at $392,000. Empowered Funds LLC bought a new position in LiveRamp during the 4th quarter valued at approximately $220,000. Tributary Capital Management LLC bought a new stake in LiveRamp during the 4th quarter valued at approximately $15,251,000. Smartleaf Asset Management LLC grew its holdings in shares of LiveRamp by 477.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock worth $49,000 after acquiring an additional 1,332 shares during the period. Finally, Baillie Gifford & Co. raised its position in shares of LiveRamp by 4.3% in the 4th quarter. Baillie Gifford & Co. now owns 1,416,642 shares of the company's stock worth $43,023,000 after acquiring an additional 58,568 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors.

LiveRamp Stock Up 3.8%

RAMP traded up $1.19 during trading on Tuesday, hitting $32.11. The company's stock had a trading volume of 981,639 shares, compared to its average volume of 636,174. The business's 50 day simple moving average is $27.02 and its 200-day simple moving average is $29.54. The firm has a market cap of $2.11 billion, a PE ratio of 3,211.00 and a beta of 1.02. 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 posted its quarterly earnings data on Wednesday, May 21st. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. The company had revenue of $188.72 million during the quarter, compared to analysts' expectations of $185.41 million. During the same quarter last year, the company earned $0.25 earnings per share. The company's revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wall Street Zen raised LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Evercore ISI reissued an "underperform" rating on shares of LiveRamp in a report on Wednesday, April 16th. Benchmark reissued a "buy" rating and issued a $48.00 target price (up from $45.00) on shares of LiveRamp in a research note on Thursday, May 22nd. Wells Fargo & Company raised their price target on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Finally, Morgan Stanley upped their price target on shares of LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $40.67.

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.