Invesco Ltd. Buys 7,491 Shares of LiveRamp Holdings, Inc. $RAMP

Invesco Ltd. grew its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 3.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 258,282 shares of the company’s stock after buying an additional 7,491 shares during the quarter. Invesco Ltd. owned approximately 0.39% of LiveRamp worth $6,751,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of LiveRamp by 2.3% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 519,875 shares of the company’s stock worth $13,590,000 after purchasing an additional 11,689 shares during the last quarter. Deutsche Bank AG grew its stake in shares of LiveRamp by 86.3% in the first quarter. Deutsche Bank AG now owns 154,842 shares of the company’s stock worth $4,048,000 after purchasing an additional 71,727 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of LiveRamp by 0.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,004,497 shares of the company’s stock worth $26,258,000 after purchasing an additional 8,537 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of LiveRamp by 3.2% in the first quarter. Vanguard Group Inc. now owns 9,131,290 shares of the company’s stock worth $238,692,000 after purchasing an additional 283,747 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of LiveRamp in the first quarter worth $1,779,000. Institutional investors own 93.83% of the company’s stock.

Insider Buying and Selling at LiveRamp

In other 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 transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.31% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on RAMP. Benchmark reissued a “buy” rating and issued a $51.00 price objective (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 objective on the stock. Morgan Stanley reduced their price objective on shares of LiveRamp from $34.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 12th. Wells Fargo & Company boosted their price objective on shares of LiveRamp from $26.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 22nd. Finally, Zacks Research lowered shares of LiveRamp from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 19th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, LiveRamp currently has a consensus rating of “Hold” and an average target price of $40.83.

LiveRamp Stock Down 1.6%

RAMP stock opened at $27.05 on Wednesday. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 122.94 and a beta of 1.00. LiveRamp Holdings, Inc. has a 12-month low of $22.82 and a 12-month high of $36.08. The company’s fifty day simple moving average is $31.00 and its 200 day simple moving average is $29.56.

LiveRamp (NYSE:RAMP) last released its earnings results on Wednesday, August 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate 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 previous year, the business earned $0.35 earnings per share. LiveRamp’s revenue for the quarter was up 10.7% on a year-over-year basis. Research analysts expect that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

About LiveRamp

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.