Janney Montgomery Scott LLC decreased its position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 43.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 23,204 shares of the company's stock after selling 18,001 shares during the quarter. Janney Montgomery Scott LLC's holdings in LiveRamp were worth $607,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in RAMP. Boston Partners grew its stake in LiveRamp by 109.4% during the fourth quarter. Boston Partners now owns 690,057 shares of the company's stock worth $21,331,000 after buying an additional 360,440 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in LiveRamp by 30.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 984,040 shares of the company's stock worth $29,885,000 after purchasing an additional 230,478 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of LiveRamp by 27.1% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 997,402 shares of the company's stock worth $26,072,000 after purchasing an additional 212,572 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of LiveRamp by 10.3% in the fourth quarter. Janus Henderson Group PLC now owns 1,798,198 shares of the company's stock valued at $54,600,000 after buying an additional 168,418 shares in the last quarter. Finally, Norges Bank bought a new position in shares of LiveRamp in the fourth quarter valued at about $5,057,000. Institutional investors own 93.83% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on RAMP shares. Wells Fargo & Company raised their price objective 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. Morgan Stanley raised their price target on shares of LiveRamp from $28.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Evercore ISI reaffirmed an "underperform" rating on shares of LiveRamp in a report on Wednesday, April 16th. Benchmark restated a "buy" rating and set a $48.00 target price (up previously from $45.00) on shares of LiveRamp in a research report on Thursday, May 22nd. Finally, Wall Street Zen upgraded LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. One equities research 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $40.67.
Get Our Latest Analysis on RAMP
Insider Transactions at LiveRamp
In other LiveRamp news, CTO Mohsin Hussain sold 17,529 shares of the stock in a transaction dated Wednesday, May 28th. The stock was 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 in the company, valued at $2,627,328. This represents a 18.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.39% of the company's stock.
LiveRamp Price Performance
Shares of RAMP stock traded down $0.15 during trading hours on Wednesday, reaching $33.01. The company had a trading volume of 472,128 shares, compared to its average volume of 612,175. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $36.08. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of -3,301.00 and a beta of 1.01. The company has a 50 day moving average of $30.36 and a 200 day moving average of $29.87.
LiveRamp (NYSE:RAMP - Get Free Report) last released its earnings results on Wednesday, May 21st. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). The company had revenue of $188.72 million during 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 company's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS. As a group, sell-side analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.
LiveRamp Company Profile
(
Free Report)
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.
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