Nuveen LLC Buys New Shares in LiveRamp Holdings, Inc. $RAMP

Nuveen LLC bought a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 234,255 shares of the company’s stock, valued at approximately $6,123,000. Nuveen LLC owned approximately 0.36% of LiveRamp at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Azzad Asset Management Inc. ADV grew its position in LiveRamp by 3.1% in the first quarter. Azzad Asset Management Inc. ADV now owns 22,870 shares of the company’s stock valued at $598,000 after purchasing an additional 695 shares in the last quarter. Blue Trust Inc. grew its position in LiveRamp by 63.0% in the first quarter. Blue Trust Inc. now owns 2,558 shares of the company’s stock valued at $67,000 after purchasing an additional 989 shares in the last quarter. Quarry LP grew its position 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 purchasing an additional 1,133 shares in the last quarter. Summit Trail Advisors LLC grew its position in LiveRamp by 1.0% in the first quarter. Summit Trail Advisors LLC now owns 117,111 shares of the company’s stock valued at $3,061,000 after purchasing an additional 1,187 shares in the last quarter. Finally, Clarius Group LLC grew its position in LiveRamp by 1.6% in the first quarter. Clarius Group LLC now owns 96,566 shares of the company’s stock valued at $2,524,000 after purchasing an additional 1,480 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.

Insider Transactions at LiveRamp

In related news, Director Timothy R. Cadogan sold 2,500 shares of the company’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $34.00, for a total value of $85,000.00. Following the transaction, the director owned 55,470 shares in the company, valued at approximately $1,885,980. This represents a 4.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Mohsin Hussain sold 17,529 shares of the company’s stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total transaction of $578,457.00. Following the completion of the transaction, the chief technology officer owned 79,616 shares in the company, valued at approximately $2,627,328. This trade represents a 18.04% decrease in their position. The disclosure for this sale can be found here. 3.31% of the stock is currently owned by corporate insiders.

LiveRamp Stock Performance

Shares of RAMP opened at $27.4850 on Tuesday. LiveRamp Holdings, Inc. has a 52 week low of $22.82 and a 52 week high of $36.08. The firm has a market cap of $1.80 billion, a P/E ratio of 124.94 and a beta of 1.00. The firm’s 50-day simple moving average is $31.09 and its 200 day simple moving average is $29.58.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. LiveRamp had a net margin of 1.89% and a return on equity of 2.21%. The business had revenue of $194.82 million for the quarter, compared to analyst estimates of $191.22 million. During the same quarter in the prior year, the business earned $0.35 EPS. LiveRamp’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, equities analysts forecast that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Zacks Research downgraded shares of LiveRamp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 19th. Benchmark reiterated a “buy” rating and issued a $51.00 price target (up previously from $48.00) on shares of LiveRamp in a research note on Tuesday, August 5th. DA Davidson began coverage on shares of LiveRamp in a research note on Wednesday, July 9th. They issued a “buy” rating and a $45.00 price target for the company. Wells Fargo & Company increased their price target on shares of LiveRamp from $26.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, May 22nd. Finally, Morgan Stanley cut their price target on shares of LiveRamp from $34.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 12th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, LiveRamp currently has a consensus rating of “Hold” and an average target price of $40.83.

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.