LiveRamp Holdings, Inc. $RAMP Stock Position Cut by Newport Trust Company LLC

Key Points

• Newport Trust Company LLC sold 9,770 shares of LiveRamp Holdings, decreasing its stake by 1.5%, but still retains approximately 646,446 shares valued at about $16.9 million.
• Institutional investors hold a substantial 93.83% of LiveRamp's stock, indicating strong institutional interest in the company.
• LiveRamp's last earnings report showed a 10.7% revenue increase year-over-year, with an EPS of $0.44, surpassing analysts' expectations.

Newport Trust Company LLC reduced its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 646,446 shares of the company's stock after selling 9,770 shares during the quarter. Newport Trust Company LLC owned 0.98% of LiveRamp worth $16,898,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of RAMP. Pacer Advisors Inc. lifted its position in shares of LiveRamp by 9,007.8% during the first quarter. Pacer Advisors Inc. now owns 344,822 shares of the company's stock worth $9,014,000 after purchasing an additional 341,036 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of LiveRamp by 3.2% during the first quarter. Vanguard Group Inc. now owns 9,131,290 shares of the company's stock worth $238,692,000 after purchasing an additional 283,747 shares in the last quarter. Nuveen LLC acquired a new position in shares of LiveRamp during the first quarter worth $6,123,000. Fort Washington Investment Advisors Inc. OH lifted its position 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 in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of LiveRamp by 10.3% during the fourth 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 in the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

LiveRamp Stock Down 0.0%

RAMP stock traded down $0.01 during trading on Wednesday, hitting $27.04. 358,062 shares of the company's stock traded hands, compared to its average volume of 576,078. LiveRamp Holdings, Inc. has a 52 week low of $22.82 and a 52 week high of $36.08. The stock has a fifty day moving average price of $31.00 and a two-hundred day moving average price of $29.56. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 123.01 and a beta of 1.00.

LiveRamp (NYSE:RAMP - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. LiveRamp had a net margin of 1.89% and a return on equity of 2.21%. The firm had revenue of $194.82 million during the quarter, compared to analyst estimates of $191.22 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, equities research analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Zacks Research cut shares of LiveRamp from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Benchmark reissued a "buy" rating and set a $51.00 target price (up from $48.00) on shares of LiveRamp in a research report on Tuesday, August 5th. DA Davidson assumed coverage on shares of LiveRamp in a research report on Wednesday, July 9th. They set a "buy" rating and a $45.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Finally, Morgan Stanley cut their price target on shares of LiveRamp from $34.00 to $30.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, LiveRamp currently has an average rating of "Hold" and a consensus target price of $40.83.

Insider Activity at LiveRamp

In other news, Director Timothy R. Cadogan sold 2,500 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $34.00, for a total transaction of $85,000.00. Following the completion of the transaction, the director owned 55,470 shares in the company, valued at approximately $1,885,980. This represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.31% of the company's stock.

LiveRamp Company 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.