Sei Investments Co. Decreases Position in LiveRamp Holdings, Inc. $RAMP

Key Points

• Sei Investments cut its LiveRamp stake by 40.3% in the first quarter, selling 39,128 shares and retaining 57,962 shares worth approximately $1.54 million. Institutional investors collectively own 93.83% of the company.
• Analyst sentiment is cautious: LiveRamp has an average “Hold” rating from MarketBeat, with two Buy ratings and six Hold ratings, and an average price target of $40.21.
• LiveRamp exceeded quarterly expectations, reporting $0.65 in earnings per share versus estimates of $0.58 and revenue of $213.99 million. Revenue increased 9.9% year over year, while shares opened at $37.75.

Sei Investments Co. trimmed its stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 40.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,962 shares of the company's stock after selling 39,128 shares during the period. Sei Investments Co. owned approximately 0.09% of LiveRamp worth $1,537,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in LiveRamp during the 2nd quarter valued at $31,000. Sound Income Strategies LLC increased its position in LiveRamp by 769.1% during the first quarter. Sound Income Strategies LLC now owns 1,069 shares of the company's stock valued at $28,000 after acquiring an additional 946 shares during the last quarter. Hantz Financial Services Inc. increased its position in LiveRamp by 197.0% during the fourth quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company's stock valued at $32,000 after acquiring an additional 727 shares during the last quarter. Strs Ohio purchased a new stake in shares of LiveRamp in the first quarter valued at $31,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of LiveRamp by 63.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company's stock valued at $44,000 after acquiring an additional 583 shares during the period. Hedge funds and other institutional investors own 93.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Craig Hallum cut shares of LiveRamp from a "buy" rating to a "hold" rating and set a $38.50 price target for the company. in a research note on Tuesday, May 19th. Morgan Stanley set a $38.50 price objective on shares of LiveRamp in a research report on Friday, May 22nd. Weiss Ratings lowered LiveRamp from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, June 8th. Finally, DA Davidson cut LiveRamp from a "buy" rating to a "neutral" rating and upped their target price for the company from $35.00 to $38.50 in a research note on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, LiveRamp currently has an average rating of "Hold" and an average price target of $40.21.

LiveRamp Stock Down 0.2%

Shares of RAMP stock opened at $37.75 on Tuesday. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 15.47 and a beta of 1.29. LiveRamp Holdings, Inc. has a 52-week low of $21.71 and a 52-week high of $38.23. The company's 50 day moving average is $37.70 and its 200 day moving average is $31.55.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. The company had revenue of $213.99 million during the quarter, compared to analyst estimates of $211.45 million. LiveRamp had a return on equity of 9.77% and a net margin of 18.71%.LiveRamp's revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 earnings per share. Analysts anticipate that LiveRamp Holdings, Inc. will post 2.07 EPS for the current fiscal year.

LiveRamp Profile

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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