LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG increased its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 49.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 83,115 shares of the company’s stock after purchasing an additional 27,346 shares during the period. Deutsche Bank AG owned 0.13% of LiveRamp worth $2,524,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. acquired a new position in LiveRamp in the fourth quarter valued at approximately $38,000. Quarry LP boosted its stake in LiveRamp by 344.4% in the fourth quarter. Quarry LP now owns 1,462 shares of the company’s stock valued at $44,000 after acquiring an additional 1,133 shares during the period. Smartleaf Asset Management LLC boosted its stake in LiveRamp by 477.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock valued at $49,000 after acquiring an additional 1,332 shares during the period. Parkside Financial Bank & Trust boosted its stake in LiveRamp by 101.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock valued at $62,000 after acquiring an additional 1,027 shares during the period. Finally, KBC Group NV boosted its stake in LiveRamp by 57.0% in the fourth quarter. KBC Group NV now owns 3,457 shares of the company’s stock valued at $105,000 after acquiring an additional 1,255 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on RAMP shares. StockNews.com upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 22nd. Evercore ISI restated an “underperform” rating on shares of LiveRamp in a research note on Wednesday, April 16th. Morgan Stanley restated an “equal weight” rating on shares of LiveRamp in a research note on Wednesday, April 16th. Finally, Benchmark reiterated a “buy” rating and set a $45.00 price objective on shares of LiveRamp in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $38.17.

LiveRamp Trading Down 3.1%

Shares of NYSE RAMP opened at $27.96 on Thursday. The stock has a 50 day simple moving average of $26.62 and a 200-day simple moving average of $29.38. The company has a market cap of $1.84 billion, a PE ratio of 2,795.80 and a beta of 1.02. LiveRamp Holdings, Inc. has a 12-month low of $21.45 and a 12-month high of $38.00.

LiveRamp (NYSE:RAMP) last announced its earnings results on Wednesday, May 21st. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. The firm had revenue of $188.72 million for the quarter, compared to the consensus estimate of $185.41 million. During the same period in the previous year, the firm earned $0.25 EPS. LiveRamp’s revenue for the quarter was up 9.8% on a year-over-year basis. Sell-side analysts forecast that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

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.