Arrowstreet Capital Limited Partnership Lowers Position in LiveRamp Holdings, Inc. $RAMP

Arrowstreet Capital Limited Partnership cut its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,250,312 shares of the company’s stock after selling 41,712 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 1.91% of LiveRamp worth $41,310,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Strs Ohio purchased a new position in LiveRamp in the first quarter worth about $31,000. State of Wyoming purchased a new stake in shares of LiveRamp during the first quarter valued at approximately $49,000. Prudent Man Advisors LLC bought a new stake in shares of LiveRamp during the second quarter valued at approximately $208,000. Jump Financial LLC purchased a new position in LiveRamp in the 1st quarter worth approximately $209,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in LiveRamp in the 1st quarter worth approximately $212,000. 93.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on RAMP shares. Cross Research set a $53.00 price objective on shares of LiveRamp in a report on Tuesday, November 4th. Wells Fargo & Company boosted their price objective on LiveRamp from $31.00 to $34.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Benchmark reiterated a “buy” rating on shares of LiveRamp in a report on Tuesday, November 4th. Wall Street Zen raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Finally, Morgan Stanley increased their price target on LiveRamp from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $43.50.

LiveRamp Price Performance

NYSE RAMP opened at $29.45 on Friday. The stock’s fifty day moving average price is $28.31 and its 200 day moving average price is $29.65. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 48.27 and a beta of 1.17. LiveRamp Holdings, Inc. has a 1 year low of $22.82 and a 1 year high of $36.08.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.48 by $0.07. LiveRamp had a net margin of 5.15% and a return on equity of 4.44%. The company had revenue of $199.83 million for the quarter, compared to analyst estimates of $197.31 million. During the same period in the prior year, the company earned $0.51 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. Research analysts expect that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Insiders Place Their Bets

In other news, CTO Mohsin Hussain sold 12,734 shares of LiveRamp stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $27.94, for a total value of $355,787.96. Following the sale, the chief technology officer directly owned 63,409 shares of the company’s stock, valued at $1,771,647.46. The trade was a 16.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.31% of the company’s stock.

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.