Nuveen Asset Management LLC Decreases Stock Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Nuveen Asset Management LLC reduced its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 33.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 239,613 shares of the company's stock after selling 120,874 shares during the quarter. Nuveen Asset Management LLC owned 0.36% of LiveRamp worth $7,277,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new position in LiveRamp during the fourth quarter worth $392,000. Empowered Funds LLC acquired a new stake in LiveRamp in the 4th quarter worth about $220,000. Smartleaf Asset Management LLC boosted its holdings in LiveRamp by 477.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock worth $49,000 after buying an additional 1,332 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in LiveRamp by 4.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,557 shares of the company's stock worth $1,141,000 after buying an additional 1,766 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its holdings in 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 buying an additional 58,568 shares during the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. Benchmark restated a "buy" rating and set a $48.00 target price (up from $45.00) on shares of LiveRamp in a report on Thursday, May 22nd. Morgan Stanley boosted 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 upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Evercore ISI restated an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $40.67.

LiveRamp Price Performance

RAMP traded down $0.17 during trading hours on Monday, reaching $32.41. The company's stock had a trading volume of 199,204 shares, compared to its average volume of 631,006. LiveRamp Holdings, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $36.08. The stock has a market cap of $2.11 billion, a PE ratio of 3,238.50 and a beta of 1.02. The business's 50-day moving average is $27.33 and its 200-day moving average is $29.63.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its 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). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. The firm had revenue of $188.72 million during the quarter, compared to analysts' expectations of $185.41 million. During the same period in the previous year, the firm earned $0.25 EPS. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. Analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Insider Transactions at LiveRamp

In related news, CTO Mohsin Hussain sold 17,529 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $33.00, for a total value of $578,457.00. Following the transaction, the chief technology officer now owns 79,616 shares of the company's stock, valued at $2,627,328. This represents a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.39% of the company's stock.

LiveRamp 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.