Victory Capital Management Inc. Acquires 33,834 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Victory Capital Management Inc. boosted its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 118.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,474 shares of the company's stock after purchasing an additional 33,834 shares during the period. Victory Capital Management Inc. owned about 0.10% of LiveRamp worth $1,633,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RAMP. Quarry LP raised its position in shares of LiveRamp by 344.4% during the 4th quarter. Quarry LP now owns 1,462 shares of the company's stock worth $44,000 after purchasing an additional 1,133 shares during the period. Blue Trust Inc. raised its position in shares of LiveRamp by 63.0% during the 1st quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock worth $67,000 after purchasing an additional 989 shares during the period. Russell Investments Group Ltd. increased its position in LiveRamp by 97.0% in the 4th quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company's stock valued at $121,000 after acquiring an additional 1,963 shares during the period. Raymond James Financial Inc. acquired a new stake in LiveRamp in the 4th quarter valued at approximately $206,000. Finally, Polymer Capital Management US LLC acquired a new stake in LiveRamp in the 4th quarter valued at approximately $208,000. Hedge funds and other institutional investors own 93.83% of the company's stock.

Insiders Place Their Bets

In other LiveRamp news, Director Timothy R. Cadogan sold 2,500 shares of the business's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $34.00, for a total transaction of $85,000.00. Following the sale, the director directly owned 55,470 shares of the company's stock, valued at $1,885,980. The trade was a 4.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Mohsin Hussain sold 17,529 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $33.00, for a total value of $578,457.00. Following the transaction, the chief technology officer directly owned 79,616 shares in the company, valued at $2,627,328. This trade represents a 18.04% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.31% of the company's stock.

Analyst Ratings Changes

RAMP has been the subject of several research reports. Evercore ISI reissued an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. Morgan Stanley upped their target price on LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. DA Davidson assumed 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. Wall Street Zen raised LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company increased their price objective on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $41.29.

LiveRamp Trading Up 0.5%

Shares of NYSE:RAMP traded up $0.17 during trading on Wednesday, hitting $33.23. 311,306 shares of the company's stock were exchanged, compared to its average volume of 340,003. The firm has a market cap of $2.16 billion, a P/E ratio of -3,323.00 and a beta of 1.01. The firm has a 50-day moving average price of $32.59 and a two-hundred day moving average price of $30.24. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last released its earnings results on Wednesday, May 21st. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.01). LiveRamp had a positive return on equity of 1.33% and a negative net margin of 0.11%. The business had revenue of $188.72 million for the quarter, compared to analyst estimates of $185.41 million. During the same period in the prior year, the firm posted $0.25 EPS. LiveRamp's revenue was up 9.8% on a year-over-year basis. As a group, research analysts predict that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

LiveRamp Company 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.