Nuance Investments LLC Acquires Shares of 80,575 LiveRamp Holdings, Inc. $RAMP

Key Points

• Nuance Investments acquired 80,575 LiveRamp shares worth approximately $3.03 million during the second quarter, giving it a roughly 0.13% stake. Institutional investors collectively own 93.83% of the company.
• Analysts maintain a generally cautious outlook, with a consensus rating of “Hold” and an average price target of $40.21; recent targets include $38.50 from Morgan Stanley and Craig Hallum.
• LiveRamp reported quarterly earnings of $0.65 per share, beating estimates of $0.58, while revenue reached $213.99 million and increased 9.9% year over year. Shares recently traded at $37.71, near their 52-week high of $38.23.

Nuance Investments LLC bought a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 80,575 shares of the company's stock, valued at approximately $3,033,000. Nuance Investments LLC owned approximately 0.13% of LiveRamp at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Azzad Asset Management Inc. ADV increased its stake in shares of LiveRamp by 1.1% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 32,887 shares of the company's stock worth $872,000 after acquiring an additional 353 shares in the last quarter. Lido Advisors LLC boosted its stake in LiveRamp by 4.8% during the fourth quarter. Lido Advisors LLC now owns 9,418 shares of the company's stock worth $261,000 after acquiring an additional 429 shares in the last quarter. NewEdge Advisors LLC boosted its stake in LiveRamp by 6.1% during the first quarter. NewEdge Advisors LLC now owns 8,026 shares of the company's stock worth $213,000 after acquiring an additional 465 shares in the last quarter. Engineers Gate Manager LP grew its holdings in LiveRamp by 0.5% in the second quarter. Engineers Gate Manager LP now owns 113,424 shares of the company's stock worth $3,748,000 after purchasing an additional 561 shares during the period. Finally, US Bancorp DE grew its holdings in LiveRamp by 8.8% in the third quarter. US Bancorp DE now owns 6,944 shares of the company's stock worth $188,000 after purchasing an additional 564 shares during the period. 93.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RAMP has been the subject of several recent research reports. Weiss Ratings upgraded shares of LiveRamp from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. DA Davidson restated a "neutral" rating on shares of LiveRamp in a research note on Tuesday, August 11th. Morgan Stanley set a $38.50 price objective on LiveRamp in a research report on Friday, May 22nd. Finally, Craig Hallum cut LiveRamp from a "buy" rating to a "hold" rating and set a $38.50 price objective for the company. in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $40.21.

LiveRamp Price Performance

Shares of LiveRamp stock opened at $37.71 on Tuesday. LiveRamp Holdings, Inc. has a 1 year low of $21.71 and a 1 year high of $38.23. The firm's 50-day moving average is $37.73 and its 200 day moving average is $31.98. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 15.45 and a beta of 1.29.

LiveRamp (NYSE:RAMP - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.07. The business had revenue of $213.99 million during the quarter, compared to analyst estimates of $211.45 million. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%. LiveRamp's revenue was up 9.9% compared to the same quarter last year. During the same period last year, the business earned $0.44 EPS. On average, equities analysts expect that LiveRamp Holdings, Inc. will post 2.04 EPS for the current fiscal year.

About LiveRamp

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company's core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp's platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.

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