UBS Asset Management Americas Inc. lifted its stake in LiveRamp Holdings (NYSE:RAMP) by 16.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,133 shares of the company’s stock after buying an additional 8,460 shares during the period. UBS Asset Management Americas Inc.’s holdings in LiveRamp were worth $2,867,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of LiveRamp by 1.8% in the second quarter. BlackRock Inc. now owns 8,010,535 shares of the company’s stock valued at $388,351,000 after buying an additional 141,975 shares during the period. Northern Trust Corp lifted its stake in LiveRamp by 0.8% during the second quarter. Northern Trust Corp now owns 1,694,529 shares of the company’s stock worth $82,151,000 after purchasing an additional 14,159 shares during the last quarter. Janus Henderson Group PLC lifted its stake in LiveRamp by 23.6% during the second quarter. Janus Henderson Group PLC now owns 1,511,601 shares of the company’s stock worth $73,282,000 after purchasing an additional 289,040 shares during the last quarter. RGM Capital LLC lifted its stake in LiveRamp by 21.9% during the second quarter. RGM Capital LLC now owns 1,185,109 shares of the company’s stock worth $57,454,000 after purchasing an additional 213,106 shares during the last quarter. Finally, Rothschild & Co. Asset Management US Inc. lifted its stake in LiveRamp by 2.2% during the second quarter. Rothschild & Co. Asset Management US Inc. now owns 995,435 shares of the company’s stock worth $48,259,000 after purchasing an additional 21,724 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.
In other news, Director Clark M. Kokich sold 1,000 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $44.14, for a total value of $44,140.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.18% of the stock is currently owned by corporate insiders.
RAMP has been the subject of several recent analyst reports. First Analysis upgraded LiveRamp from an “outperform” rating to a “strong-buy” rating in a research note on Friday, September 20th. Zacks Investment Research cut LiveRamp from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Morgan Stanley initiated coverage on LiveRamp in a research note on Monday, July 15th. They set an “overweight” rating and a $64.00 target price for the company. Finally, Susquehanna Bancshares initiated coverage on LiveRamp in a research note on Wednesday, June 26th. They set a “positive” rating and a $70.00 target price for the company. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $62.14.
NYSE RAMP opened at $38.91 on Wednesday. The business has a fifty day moving average price of $43.38 and a two-hundred day moving average price of $50.38. LiveRamp Holdings has a fifty-two week low of $36.53 and a fifty-two week high of $63.23. The stock has a market capitalization of $2.75 billion, a PE ratio of -28.40 and a beta of 1.44.
LiveRamp (NYSE:RAMP) last released its earnings results on Monday, August 5th. The company reported ($0.51) earnings per share for the quarter, topping the consensus estimate of ($0.52) by $0.01. LiveRamp had a negative return on equity of 10.06% and a net margin of 323.70%. The firm had revenue of $82.51 million during the quarter, compared to analysts’ expectations of $78.31 million. On average, equities research analysts expect that LiveRamp Holdings will post -2.22 earnings per share for the current year.
LiveRamp Holdings, Inc provides identity and data connectivity for powering exceptional customer experiences. The company offers IdentityLink, an identity resolution platform that connects people, data, and devices across the physical and digital world, powering privacy-compliant, people-based marketing that allows consumers to better connect with the brands and products they love.
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