Voya Investment Management LLC Has $1.72 Million Position in LiveRamp Holdings, Inc. $RAMP

Voya Investment Management LLC grew its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 38.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 65,840 shares of the company’s stock after buying an additional 18,222 shares during the period. Voya Investment Management LLC owned approximately 0.10% of LiveRamp worth $1,721,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of LiveRamp by 3.2% during the first quarter. Vanguard Group Inc. now owns 9,131,290 shares of the company’s stock valued at $238,692,000 after buying an additional 283,747 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in LiveRamp by 0.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,004,497 shares of the company’s stock valued at $26,258,000 after acquiring an additional 8,537 shares during the period. Fort Washington Investment Advisors Inc. OH increased its stake in LiveRamp by 27.1% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 997,402 shares of the company’s stock valued at $26,072,000 after acquiring an additional 212,572 shares during the period. Boston Partners increased its stake in LiveRamp by 15.3% in the first quarter. Boston Partners now owns 795,507 shares of the company’s stock valued at $20,664,000 after acquiring an additional 105,450 shares during the period. Finally, Invenomic Capital Management LP increased its stake in LiveRamp by 49.8% in the first quarter. Invenomic Capital Management LP now owns 570,710 shares of the company’s stock valued at $14,918,000 after acquiring an additional 189,690 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

Insider Buying and Selling

In other news, CTO Mohsin Hussain sold 12,734 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $27.94, for a total transaction of $355,787.96. Following the transaction, the chief technology officer directly owned 63,409 shares in the company, valued at approximately $1,771,647.46. This represents a 16.72% 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. Also, Director Timothy R. Cadogan sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, July 7th. The stock was 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 $1,885,980. The trade was a 4.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.31% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

RAMP has been the topic of a number of analyst reports. DA Davidson initiated coverage on shares of LiveRamp in a research note on Wednesday, July 9th. They issued a “buy” rating and a $45.00 target price on the stock. Morgan Stanley lowered their target price 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. Wall Street Zen raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Zacks Research cut shares of LiveRamp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 19th. Finally, Benchmark reissued a “buy” rating and issued a $51.00 target price (up previously from $48.00) on shares of LiveRamp in a research note on Tuesday, August 5th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, LiveRamp currently has an average rating of “Hold” and an average target price of $40.83.

LiveRamp Trading Up 2.8%

Shares of LiveRamp stock opened at $28.35 on Tuesday. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 128.87 and a beta of 0.92. LiveRamp Holdings, Inc. has a 1-year low of $22.82 and a 1-year high of $36.08. The firm’s 50-day moving average price is $29.02 and its two-hundred day moving average price is $28.99.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $194.82 million for the quarter, compared to analysts’ expectations of $191.22 million. LiveRamp had a net margin of 1.89% and a return on equity of 2.21%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 earnings per share. As a group, equities research analysts predict that LiveRamp Holdings, Inc. will post 0.48 EPS for the current 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.