Nuveen LLC purchased a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 234,255 shares of the company's stock, valued at approximately $6,123,000. Nuveen LLC owned 0.36% of LiveRamp as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Quarry LP grew its holdings in shares of LiveRamp by 344.4% in the 4th quarter. Quarry LP now owns 1,462 shares of the company's stock worth $44,000 after acquiring an additional 1,133 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of LiveRamp by 63.0% in the 1st quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock worth $67,000 after acquiring an additional 989 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of LiveRamp in the 4th quarter worth $206,000. Sherbrooke Park Advisers LLC acquired a new position in shares of LiveRamp in the 4th quarter worth $211,000. Finally, CWM LLC grew its holdings in shares of LiveRamp by 248.4% in the 1st quarter. CWM LLC now owns 8,305 shares of the company's stock worth $217,000 after acquiring an additional 5,921 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at LiveRamp
In other news, Director Timothy R. Cadogan sold 2,500 shares of LiveRamp stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $34.00, for a total value of $85,000.00. Following the transaction, the director directly owned 55,470 shares in the company, valued at approximately $1,885,980. The trade was a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.31% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. Wall Street Zen cut LiveRamp from a "strong-buy" rating to a "buy" rating in a report on Saturday. Morgan Stanley decreased their target price on LiveRamp from $34.00 to $30.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 12th. Wells Fargo & Company lifted 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 issued a $51.00 target price (up from $48.00) on shares of LiveRamp in a report on Tuesday, August 5th. Finally, Zacks Research cut LiveRamp from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $40.83.
Read Our Latest Stock Report on LiveRamp
LiveRamp Price Performance
RAMP traded up $0.29 during trading on Friday, reaching $27.91. 922,981 shares of the stock traded hands, compared to its average volume of 783,536. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 126.86 and a beta of 0.92. LiveRamp Holdings, Inc. has a fifty-two week low of $22.82 and a fifty-two week high of $36.08. The stock's 50-day simple moving average is $30.85 and its two-hundred day simple moving average is $29.38.
LiveRamp (NYSE:RAMP - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. LiveRamp had a return on equity of 2.21% and a net margin of 1.89%.The firm had revenue of $194.82 million during the quarter, compared to analysts' expectations of $191.22 million. During the same quarter last year, the firm earned $0.35 earnings per share. The business's revenue for the quarter was up 10.7% on a year-over-year basis. Research analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.
About LiveRamp
(
Free Report)
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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