LiveRamp Holdings, Inc. $RAMP Stake Boosted by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC boosted its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 25.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 345,314 shares of the company’s stock after buying an additional 71,000 shares during the period. ArrowMark Colorado Holdings LLC owned about 0.54% of LiveRamp worth $9,372,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of RAMP. Alliancebernstein L.P. lifted its position in shares of LiveRamp by 17.9% in the 3rd quarter. Alliancebernstein L.P. now owns 220,583 shares of the company’s stock valued at $5,987,000 after acquiring an additional 33,542 shares in the last quarter. Creative Planning grew its position in LiveRamp by 32.0% during the 3rd quarter. Creative Planning now owns 23,876 shares of the company’s stock worth $648,000 after purchasing an additional 5,794 shares in the last quarter. Lazard Asset Management LLC raised its stake in LiveRamp by 48.8% during the 3rd quarter. Lazard Asset Management LLC now owns 152,008 shares of the company’s stock valued at $4,125,000 after purchasing an additional 49,877 shares during the period. 4D Advisors LLC acquired a new stake in LiveRamp during the 3rd quarter valued at $5,428,000. Finally, Man Group plc lifted its holdings in shares of LiveRamp by 11.5% in the third quarter. Man Group plc now owns 78,375 shares of the company’s stock valued at $2,127,000 after purchasing an additional 8,052 shares in the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RAMP has been the subject of several recent analyst reports. DA Davidson decreased their target price on LiveRamp from $45.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of LiveRamp in a research note on Monday, December 29th. Benchmark decreased their price objective on LiveRamp from $53.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Zacks Research cut LiveRamp from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Wells Fargo & Company upped their target price on LiveRamp from $34.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $39.40.

LiveRamp Price Performance

NYSE RAMP opened at $27.95 on Monday. LiveRamp Holdings, Inc. has a fifty-two week low of $21.71 and a fifty-two week high of $35.20. The stock’s 50-day moving average is $26.01 and its two-hundred day moving average is $27.55. The firm has a market cap of $1.76 billion, a P/E ratio of 26.37 and a beta of 1.12.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. LiveRamp had a return on equity of 6.40% and a net margin of 8.64%.The company had revenue of $212.20 million during the quarter, compared to the consensus estimate of $211.68 million. During the same quarter in the prior year, the company posted $0.55 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. On average, equities analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

LiveRamp declared that its Board of Directors has approved a stock repurchase program on Thursday, February 12th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 13.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

About LiveRamp

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company’s core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp’s platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.