LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Acquired by Royce & Associates LP

Royce & Associates LP increased its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 75.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 317,910 shares of the company’s stock after acquiring an additional 136,900 shares during the period. Royce & Associates LP owned approximately 0.48% of LiveRamp worth $7,878,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Louisiana State Employees Retirement System raised its holdings in LiveRamp by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 33,300 shares of the company’s stock valued at $1,030,000 after buying an additional 500 shares during the period. Arizona State Retirement System raised its holdings in LiveRamp by 2.9% in the second quarter. Arizona State Retirement System now owns 18,528 shares of the company’s stock valued at $573,000 after buying an additional 523 shares during the period. DT Investment Partners LLC raised its stake in shares of LiveRamp by 62.6% during the third quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock valued at $35,000 after purchasing an additional 545 shares during the period. Covestor Ltd raised its stake in shares of LiveRamp by 44.9% during the first quarter. Covestor Ltd now owns 2,131 shares of the company’s stock valued at $73,000 after purchasing an additional 660 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of LiveRamp by 187.1% during the second quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock valued at $33,000 after purchasing an additional 694 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Insiders Place Their Bets

In other LiveRamp news, insider Kimberly Bloomston sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.17, for a total transaction of $100,680.00. Following the completion of the sale, the insider now owns 117,247 shares of the company’s stock, valued at $2,951,106.99. This represents a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Debora B. Tomlin sold 9,765 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.07, for a total value of $244,808.55. Following the transaction, the director now owns 24,509 shares of the company’s stock, valued at approximately $614,440.63. This trade represents a 28.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,538 shares of company stock worth $495,471. 3.39% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on RAMP shares. Wells Fargo & Company started coverage on shares of LiveRamp in a research note on Monday, October 28th. They set an “equal weight” rating and a $25.00 price objective on the stock. Benchmark dropped their price target on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Macquarie restated an “outperform” rating and issued a $43.00 price target on shares of LiveRamp in a research note on Thursday, November 7th. Evercore ISI dropped their price target on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Craig Hallum decreased their price objective on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.14.

LiveRamp Stock Performance

Shares of RAMP opened at $27.89 on Monday. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $42.66. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 557.91 and a beta of 0.96. The firm has a fifty day moving average of $25.38 and a 200-day moving average of $28.08.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.14. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The business had revenue of $185.00 million for the quarter, compared to analysts’ expectations of $176.16 million. During the same period in the previous year, the business earned $0.21 earnings per share. The company’s revenue was up 15.6% on a year-over-year basis. Analysts predict that LiveRamp Holdings, Inc. will post 0.37 EPS for the current year.

About LiveRamp

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.