Fort Washington Investment Advisors Inc. OH lowered its position in LiveRamp Holdings, Inc. (NYSE:RAMP – Free Report) by 13.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 784,830 shares of the company’s stock after selling 125,320 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in LiveRamp were worth $23,835,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of RAMP. American Capital Management Inc. increased its position in shares of LiveRamp by 46.7% in the 3rd quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock worth $71,312,000 after purchasing an additional 916,578 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in LiveRamp by 111.4% during the third quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock valued at $13,857,000 after buying an additional 294,743 shares in the last quarter. Invenomic Capital Management LP lifted its holdings in LiveRamp by 257.7% during the 3rd quarter. Invenomic Capital Management LP now owns 337,574 shares of the company’s stock worth $8,365,000 after buying an additional 243,198 shares during the last quarter. Millennium Management LLC lifted its holdings in LiveRamp by 143.8% during the 2nd quarter. Millennium Management LLC now owns 395,619 shares of the company’s stock worth $12,240,000 after buying an additional 233,329 shares during the last quarter. Finally, EVR Research LP acquired a new position in shares of LiveRamp in the 2nd quarter worth approximately $5,879,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Morgan Stanley restated an “equal weight” rating and set a $35.00 price objective on shares of LiveRamp in a research note on Monday, January 13th. Macquarie reaffirmed an “outperform” rating and issued a $43.00 price target on shares of LiveRamp in a report on Thursday, November 7th. Benchmark lowered their price objective on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Wells Fargo & Company assumed coverage on shares of LiveRamp in a report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 target price on the stock. Finally, StockNews.com raised LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.71.
LiveRamp Trading Up 0.1 %
Shares of NYSE:RAMP opened at $33.10 on Thursday. The firm’s 50 day moving average is $30.75 and its two-hundred day moving average is $27.90. The firm has a market capitalization of $2.16 billion, a P/E ratio of 662.21 and a beta of 0.96. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $42.10.
LiveRamp (NYSE:RAMP – Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.51 EPS 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 firm had revenue of $185.00 million for the quarter, compared to analysts’ expectations of $176.16 million. During the same period last year, the firm earned $0.21 EPS. The firm’s revenue was up 15.6% compared to the same quarter last year. Analysts predict that LiveRamp Holdings, Inc. will post 0.36 EPS for the current 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.
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