Nuveen LLC Purchases Shares of 234,255 LiveRamp Holdings, Inc. $RAMP

Key Points

• Nuveen LLC acquired approximately 234,255 shares of LiveRamp Holdings, valued at around $6.12 million, in the first quarter, representing a 0.36% ownership stake in the company.
• LiveRamp's shares opened at $27.485 and experienced a 52-week range between $22.82 and $36.08, with a market capitalization of $1.80 billion.
• Recent analyst ratings for LiveRamp show a mixed sentiment, with three analyststwo giving it a Sell, while the consensus target price stands at $40.83.

Nuveen LLC acquired a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 234,255 shares of the company's stock, valued at approximately $6,123,000. Nuveen LLC owned 0.36% of LiveRamp at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of RAMP. Pacer Advisors Inc. lifted its position in shares of LiveRamp by 9,007.8% during the 1st quarter. Pacer Advisors Inc. now owns 344,822 shares of the company's stock worth $9,014,000 after buying an additional 341,036 shares during the period. Vanguard Group Inc. lifted its position in shares of LiveRamp by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 9,131,290 shares of the company's stock worth $238,692,000 after buying an additional 283,747 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its position in shares of LiveRamp by 27.1% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 997,402 shares of the company's stock worth $26,072,000 after buying an additional 212,572 shares during the period. Janus Henderson Group PLC lifted its position 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 buying an additional 168,418 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of LiveRamp by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,694,801 shares of the company's stock worth $81,843,000 after buying an additional 121,856 shares during the period. 93.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other LiveRamp news, Director Timothy R. Cadogan sold 2,500 shares of the company's 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 completion of the sale, the director owned 55,470 shares of the company's stock, valued at approximately $1,885,980. This represents a 4.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.31% of the company's stock.

LiveRamp Stock Up 1.0%

RAMP stock traded up $0.29 during midday trading on Friday, reaching $27.91. The company's stock had a trading volume of 901,900 shares, compared to its average volume of 580,392. LiveRamp Holdings, Inc. has a 52 week low of $22.82 and a 52 week high of $36.08. The stock has a market cap of $1.83 billion, a PE ratio of 126.86 and a beta of 1.00. The business's 50-day simple moving average is $30.90 and its 200-day simple moving average is $29.49.

LiveRamp (NYSE:RAMP - Get Free Report) last announced 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 net margin of 1.89% and a return on equity of 2.21%. The firm had revenue of $194.82 million for the quarter, compared to analysts' expectations of $191.22 million. During the same period 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. As a group, equities analysts forecast that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on RAMP. Wells Fargo & Company increased their price target on LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Morgan Stanley decreased their price target on LiveRamp from $34.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 12th. Zacks Research cut shares of LiveRamp from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. DA Davidson assumed coverage on shares of LiveRamp in a research report on Wednesday, July 9th. They issued a "buy" rating and a $45.00 price objective for the company. Finally, Benchmark restated a "buy" rating and issued a $51.00 price objective (up previously from $48.00) on shares of LiveRamp in a research report on Tuesday, August 5th. 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, LiveRamp has an average rating of "Hold" and an average target price of $40.83.

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.