Schroder Investment Management Group Has $70.92 Million Position in LiveRamp Holdings, Inc. $RAMP

Key Points

• Schroder Investment Management Group trimmed its LiveRamp stake by 4.4% in Q3 and now holds 2,512,194 shares worth $70.92 million, representing about 3.95% of the company.
• LiveRamp beat quarterly EPS estimates ($0.76 vs. $0.69) with revenue up 8.6% to $212.2M, and its Board authorized a $200 million share repurchase — roughly 13.6% of outstanding shares.

Schroder Investment Management Group lessened its position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,512,194 shares of the company's stock after selling 116,288 shares during the period. Schroder Investment Management Group owned about 3.95% of LiveRamp worth $70,919,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of RAMP. Allianz Asset Management GmbH boosted its position in LiveRamp by 57.7% during the third quarter. Allianz Asset Management GmbH now owns 259,945 shares of the company's stock worth $7,055,000 after purchasing an additional 95,135 shares during the period. Magnetar Financial LLC bought a new position in shares of LiveRamp in the second quarter valued at about $928,000. Cresset Asset Management LLC acquired a new stake in shares of LiveRamp during the 2nd quarter worth about $2,036,000. Integrated Quantitative Investments LLC acquired a new stake in shares of LiveRamp during the 2nd quarter worth about $1,301,000. Finally, XTX Topco Ltd bought a new stake in shares of LiveRamp during the 2nd quarter worth about $1,259,000. 93.83% of the stock is owned by institutional investors.

LiveRamp Stock Performance

RAMP stock opened at $29.03 on Wednesday. LiveRamp Holdings, Inc. has a 52 week low of $21.71 and a 52 week high of $35.20. The company has a market capitalization of $1.83 billion, a PE ratio of 27.39 and a beta of 1.12. The company's 50-day simple moving average is $26.03 and its 200 day simple moving average is $27.52.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. The business had revenue of $212.20 million during the quarter, compared to analysts' expectations of $211.68 million. LiveRamp had a net margin of 8.64% and a return on equity of 6.40%. The business's revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.55 EPS. On average, analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

LiveRamp announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 12th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to purchase up to 13.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts have weighed in on RAMP shares. Wells Fargo & Company increased their price target on shares of LiveRamp from $34.00 to $38.00 and gave the company an "equal weight" rating in a report on Friday, February 6th. Weiss Ratings restated a "hold (c)" rating on shares of LiveRamp in a report on Monday, December 29th. Morgan Stanley upped their target price on LiveRamp from $30.00 to $33.00 and gave the company an "equal weight" rating in a research report on Thursday, November 13th. Zacks Research lowered LiveRamp from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 12th. Finally, Benchmark dropped their price target on LiveRamp from $53.00 to $38.00 and set a "buy" rating for the company in a report on Tuesday, February 3rd. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, LiveRamp presently has an average rating of "Hold" and a consensus price target of $39.40.

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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