Vanguard Group Inc. Has $238.69 Million Holdings in LiveRamp Holdings, Inc. $RAMP

Key Points

• Vanguard Group Inc. increased its stake in LiveRamp Holdings by 3.2%, acquiring an additional 283,747 shares and now owns 9,131,290 shares, valued at approximately $238.7 million.
• Insiders of LiveRamp sold significant portions of their shares with Director Timothy R. Cadogan selling 2,500 shares and CTO Mohsin Hussain selling 17,529 shares, reflecting decreases in their respective ownerships.
• LiveRamp's stock has a current price of $26.99 with a market cap of $1.77 billion, and has shown positive earnings growth, reporting $0.44 EPS, beating expectations.

Vanguard Group Inc. grew its stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 3.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,131,290 shares of the company's stock after buying an additional 283,747 shares during the quarter. Vanguard Group Inc. owned 13.89% of LiveRamp worth $238,692,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in RAMP. New Age Alpha Advisors LLC bought a new stake in LiveRamp in the 1st quarter valued at $1,779,000. Jefferies Financial Group Inc. raised its stake in shares of LiveRamp by 211.4% in the 1st quarter. Jefferies Financial Group Inc. now owns 24,910 shares of the company's stock valued at $651,000 after purchasing an additional 16,910 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of LiveRamp by 21.6% in the first quarter. Mackenzie Financial Corp now owns 143,300 shares of the company's stock valued at $3,746,000 after purchasing an additional 25,479 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of LiveRamp by 10.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,361 shares of the company's stock valued at $480,000 after purchasing an additional 1,710 shares in the last quarter. Finally, Angeles Wealth Management LLC boosted its position in shares of LiveRamp by 62.6% during the first quarter. Angeles Wealth Management LLC now owns 11,902 shares of the company's stock worth $311,000 after buying an additional 4,580 shares during the period. Institutional investors own 93.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on RAMP shares. DA Davidson initiated coverage on LiveRamp in a research report on Wednesday, July 9th. They issued a "buy" rating and a $45.00 target price on the stock. Zacks Research cut shares of LiveRamp from a "hold" rating to a "strong sell" rating in a research note on Tuesday. Benchmark reiterated a "buy" rating and issued a $51.00 price objective (up from $48.00) on shares of LiveRamp in a report on Tuesday, August 5th. Wells Fargo & Company increased their target price on shares of LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. Finally, Morgan Stanley decreased their target price on shares of LiveRamp from $34.00 to $30.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, LiveRamp currently has an average rating of "Hold" and an average target price of $40.83.

Insider Activity at LiveRamp

In other LiveRamp news, Director Timothy R. Cadogan sold 2,500 shares of the company's stock in a transaction 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 transaction, the director directly owned 55,470 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Mohsin Hussain sold 17,529 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total transaction of $578,457.00. Following the completion of the transaction, the chief technology officer directly owned 79,616 shares in the company, valued at approximately $2,627,328. This represents a 18.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.31% of the stock is owned by corporate insiders.

LiveRamp Price Performance

RAMP stock traded up $0.98 during trading hours on Friday, reaching $27.89. The stock had a trading volume of 634,259 shares, compared to its average volume of 671,849. The stock has a 50-day simple moving average of $31.18 and a 200 day simple moving average of $29.67. LiveRamp Holdings, Inc. has a fifty-two week low of $22.82 and a fifty-two week high of $36.08. The stock has a market capitalization of $1.83 billion, a PE ratio of 126.78 and a beta of 1.00.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its earnings results 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 company had revenue of $194.82 million for the quarter, compared to analysts' expectations of $191.22 million. During the same period in the prior year, the firm earned $0.35 EPS. LiveRamp's quarterly revenue was up 10.7% compared to the same quarter last year. On average, sell-side analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

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.