Peregrine Capital Management LLC Reduces Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Peregrine Capital Management LLC reduced its position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 13.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,179 shares of the company's stock after selling 39,184 shares during the period. Peregrine Capital Management LLC owned 0.38% of LiveRamp worth $9,325,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Advisor Group Holdings Inc. lifted its position in shares of LiveRamp by 14.3% in the first quarter. Advisor Group Holdings Inc. now owns 3,029 shares of the company's stock worth $113,000 after buying an additional 378 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in LiveRamp by 10.8% during the second quarter. PNC Financial Services Group Inc. now owns 4,084 shares of the company's stock worth $117,000 after acquiring an additional 399 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in LiveRamp by 52.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,694 shares of the company's stock worth $48,000 after acquiring an additional 583 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in LiveRamp by 3.7% during the third quarter. State Board of Administration of Florida Retirement System now owns 18,789 shares of the company's stock worth $542,000 after acquiring an additional 670 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in LiveRamp by 16.9% during the third quarter. Public Employees Retirement System of Ohio now owns 4,695 shares of the company's stock worth $85,000 after acquiring an additional 678 shares during the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RAMP. Benchmark reissued a "buy" rating and set a $51.00 price objective on shares of LiveRamp in a research note on Monday, March 4th. StockNews.com cut LiveRamp from a "strong-buy" rating to a "buy" rating in a research note on Monday. Craig Hallum upped their target price on LiveRamp from $42.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, January 18th. Finally, Susquehanna upped their target price on LiveRamp from $45.00 to $50.00 and gave the company a "positive" rating in a research note on Friday, February 9th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, LiveRamp currently has a consensus rating of "Buy" and an average price target of $47.75.

LiveRamp Stock Performance

LiveRamp stock traded down $0.71 during mid-day trading on Wednesday, reaching $33.88. 459,260 shares of the company were exchanged, compared to its average volume of 607,968. The business has a fifty day moving average of $35.70 and a 200 day moving average of $34.33. The firm has a market cap of $2.22 billion, a P/E ratio of -154.00 and a beta of 1.00. LiveRamp Holdings, Inc. has a 12-month low of $21.96 and a 12-month high of $42.66.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its earnings results on Thursday, February 8th. The company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.05. The company had revenue of $173.87 million during the quarter, compared to analyst estimates of $174.00 million. LiveRamp had a positive return on equity of 1.57% and a negative net margin of 2.22%. Sell-side analysts predict that LiveRamp Holdings, Inc. will post 0.64 EPS for the current year.

Insider Activity

In related news, Director Timothy R. Cadogan sold 1,500 shares of the firm's stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $37.00, for a total value of $55,500.00. Following the completion of the transaction, the director now owns 51,016 shares in the company, valued at approximately $1,887,592. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.93% of the company's stock.

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.