Royce & Associates LP Cuts Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

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

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP boosted its holdings in shares of LiveRamp by 344.4% during the 4th quarter. Quarry LP now owns 1,462 shares of the company's stock worth $44,000 after buying an additional 1,133 shares in the last quarter. Blue Trust Inc. boosted its position in shares of LiveRamp by 63.0% during the first quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock valued at $67,000 after buying an additional 989 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of LiveRamp by 97.0% during the fourth quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company's stock valued at $121,000 after buying an additional 1,963 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of LiveRamp during the fourth quarter valued at approximately $206,000. Finally, Polymer Capital Management US LLC purchased a new position in shares of LiveRamp during the fourth quarter valued at approximately $208,000. Institutional investors own 93.83% of the company's stock.

Insider Buying and Selling

In other news, Director Timothy R. Cadogan sold 2,500 shares of LiveRamp stock in a transaction that occurred on Monday, July 7th. The stock was 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 in the company, valued at approximately $1,885,980. This trade represents a 4.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Mohsin Hussain sold 17,529 shares of LiveRamp stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total value of $578,457.00. Following the sale, the chief technology officer 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 disclosure for this sale can be found here. 3.31% of the stock is owned by insiders.

LiveRamp Stock Down 1.3%

Shares of LiveRamp stock traded down $0.44 during trading on Tuesday, hitting $33.09. 67,942 shares of the stock traded hands, compared to its average volume of 553,137. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of -3,309.00 and a beta of 1.01. The firm's fifty day moving average is $32.40 and its 200-day moving average is $30.20. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last announced 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). The firm had revenue of $188.72 million for the quarter, compared to the consensus estimate of $185.41 million. LiveRamp had a negative net margin of 0.11% and a positive return on equity of 1.33%. LiveRamp's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 earnings per share. On average, analysts forecast that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.