LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Sold by Royce & Associates LP

Key Points

• Royce & Associates LP decreased its stake in LiveRamp Holdings by 7.3% as of its recent 13F filing, owning 339,770 shares valued at approximately $8.88 million.
• Numerous hedge funds are adjusting their positions in LiveRamp, with Arrowstreet Capital increasing its holdings by 30.6% and now owning nearly 1 million shares.
• LiveRamp's most recent earnings report showed a revenue of $188.72 million for the quarter, exceeding analyst estimates, although it missed EPS expectations with a reported value of $0.30.

Royce & Associates LP decreased its position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 7.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 339,770 shares of the company's stock after selling 26,580 shares during the period. Royce & Associates LP owned 0.52% of LiveRamp worth $8,882,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in RAMP. Arrowstreet Capital Limited Partnership grew its position 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 acquiring an additional 230,478 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of 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 purchasing an additional 212,572 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of LiveRamp by 10.3% during the 4th quarter. Janus Henderson Group PLC now owns 1,798,198 shares of the company's stock worth $54,600,000 after purchasing an additional 168,418 shares during the period. Norges Bank acquired a new stake in shares of LiveRamp during the 4th quarter worth about $5,057,000. Finally, Dimensional Fund Advisors LP raised 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 buying an additional 121,856 shares during the period. Hedge funds and other institutional investors own 93.83% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on RAMP shares. Wells Fargo & Company increased their target price on shares of LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. DA Davidson initiated coverage on LiveRamp in a research report on Wednesday, July 9th. They set a "buy" rating and a $45.00 price target for the company. Morgan Stanley lifted their price objective on LiveRamp from $28.00 to $34.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Wall Street Zen upgraded LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, Evercore ISI restated an "underperform" rating on shares of LiveRamp in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $41.29.

Insider Activity at LiveRamp

In other LiveRamp news, Director Timothy R. Cadogan sold 2,500 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $34.00, for a total value of $85,000.00. Following the sale, the director directly owned 55,470 shares of the company's stock, valued at approximately $1,885,980. This represents a 4.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Mohsin Hussain sold 17,529 shares of LiveRamp stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $33.00, for a total transaction of $578,457.00. Following the sale, the chief technology officer directly owned 79,616 shares of the company's stock, valued at approximately $2,627,328. This trade represents a 18.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.31% of the company's stock.

LiveRamp Trading Up 0.6%

Shares of NYSE RAMP opened at $32.81 on Friday. The stock has a market cap of $2.13 billion, a P/E ratio of -3,281.10 and a beta of 1.01. The business's fifty day simple moving average is $32.32 and its 200-day simple moving average is $30.17. LiveRamp Holdings, Inc. has a 12-month low of $21.45 and a 12-month high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly 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 negative net margin of 0.11% and a positive return on equity of 1.33%. The company had revenue of $188.72 million during the quarter, compared to analyst estimates of $185.41 million. During the same period in the prior year, the business earned $0.25 EPS. LiveRamp's revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

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.

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