Ameriprise Financial Inc. Sells 26,846 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Ameriprise Financial Inc. cut its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 8.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 275,974 shares of the company’s stock after selling 26,846 shares during the period. Ameriprise Financial Inc. owned approximately 0.42% of LiveRamp worth $8,381,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new position in LiveRamp in the fourth quarter valued at about $392,000. Empowered Funds LLC bought a new stake in LiveRamp during the 4th quarter worth approximately $220,000. Tributary Capital Management LLC bought a new stake in LiveRamp during the 4th quarter worth approximately $15,251,000. Smartleaf Asset Management LLC increased its holdings in shares of LiveRamp by 477.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock worth $49,000 after buying an additional 1,332 shares during the last quarter. Finally, Baillie Gifford & Co. increased its holdings in shares of LiveRamp by 4.3% in the 4th quarter. Baillie Gifford & Co. now owns 1,416,642 shares of the company’s stock worth $43,023,000 after buying an additional 58,568 shares during the last quarter. 93.83% of the stock is owned by institutional investors.

LiveRamp Stock Performance

Shares of LiveRamp stock opened at $28.82 on Wednesday. The company has a 50-day simple moving average of $26.59 and a two-hundred day simple moving average of $29.39. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $38.00. The stock has a market capitalization of $1.90 billion, a PE ratio of 2,882.00 and a beta of 1.02.

Analysts Set New Price Targets

A number of brokerages have recently commented on RAMP. Evercore ISI reissued an “underperform” rating on shares of LiveRamp in a report on Wednesday, April 16th. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 22nd. Benchmark reaffirmed a “buy” rating and issued a $45.00 target price on shares of LiveRamp in a research report on Wednesday, February 26th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of LiveRamp in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, LiveRamp presently has an average rating of “Moderate Buy” and a consensus price target of $38.17.

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.