Royce & Associates LP Purchases 136,900 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Royce & Associates LP raised its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 75.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 317,910 shares of the company’s stock after buying an additional 136,900 shares during the period. Royce & Associates LP’s holdings in LiveRamp were worth $7,878,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in RAMP. EVR Research LP acquired a new stake in LiveRamp in the 2nd quarter valued at approximately $5,879,000. Vanguard Group Inc. increased its position in shares of LiveRamp by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 8,174,985 shares of the company’s stock worth $282,037,000 after purchasing an additional 115,685 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of LiveRamp by 32.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 264,470 shares of the company’s stock worth $8,183,000 after purchasing an additional 64,155 shares during the last quarter. Seven Eight Capital LP acquired a new position in shares of LiveRamp during the 1st quarter worth approximately $1,302,000. Finally, Boston Partners increased its holdings in shares of LiveRamp by 182.3% during the 1st quarter. Boston Partners now owns 851,397 shares of the company’s stock worth $29,226,000 after acquiring an additional 549,846 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Trading Down 2.0 %

Shares of RAMP stock opened at $27.89 on Monday. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 557.91 and a beta of 0.96. The stock has a 50-day moving average of $25.38 and a 200-day moving average of $28.08. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $42.66.

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

Insider Buying and Selling

In related news, insider Kimberly Bloomston sold 4,000 shares of LiveRamp stock in a transaction 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 sale, the insider now directly owns 117,247 shares in the company, valued at approximately $2,951,106.99. This trade represents a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Debora B. Tomlin sold 9,765 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 24,509 shares of the company’s stock, valued at $614,440.63. This represents a 28.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,538 shares of company stock valued at $495,471 over the last 90 days. Company insiders own 3.39% of the company’s stock.

Wall Street Analyst Weigh In

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

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.