LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Purchased by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. raised its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 20.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,112 shares of the company’s stock after purchasing an additional 9,419 shares during the quarter. EFG Asset Management North America Corp. owned about 0.08% of LiveRamp worth $1,704,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in RAMP. Vanguard Group Inc. boosted its stake in shares of LiveRamp by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 8,174,985 shares of the company’s stock valued at $282,037,000 after buying an additional 115,685 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of LiveRamp by 2.0% in the 1st quarter. Janus Henderson Group PLC now owns 2,251,094 shares of the company’s stock valued at $77,662,000 after purchasing an additional 44,808 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of LiveRamp by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,238,534 shares of the company’s stock worth $84,798,000 after purchasing an additional 21,705 shares during the last quarter. Jennison Associates LLC grew its stake in LiveRamp by 286.9% in the first quarter. Jennison Associates LLC now owns 1,407,098 shares of the company’s stock worth $48,545,000 after purchasing an additional 1,043,457 shares in the last quarter. Finally, Boston Partners raised its stake in LiveRamp by 182.3% during the first quarter. Boston Partners now owns 851,397 shares of the company’s stock valued at $29,226,000 after buying an additional 549,846 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

LiveRamp Stock Up 3.0 %

Shares of RAMP traded up $0.75 during trading hours on Monday, reaching $25.78. The company’s stock had a trading volume of 260,430 shares, compared to its average volume of 671,182. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 139.06 and a beta of 1.00. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $42.66. The company has a 50 day moving average of $28.87 and a two-hundred day moving average of $31.94.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, August 7th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. LiveRamp had a net margin of 1.80% and a return on equity of 3.27%. The company had revenue of $175.96 million during the quarter, compared to the consensus estimate of $171.92 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, analysts forecast that LiveRamp Holdings, Inc. will post 0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Craig Hallum reduced their price target on LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. StockNews.com downgraded shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 16th. Evercore ISI decreased their price target on LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Morgan Stanley dropped their price target on shares of LiveRamp from $49.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, May 23rd. Finally, Benchmark reaffirmed a “buy” rating and issued a $56.00 price objective on shares of LiveRamp in a research note on Tuesday, August 6th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $46.80.

Insiders Place Their Bets

In related news, insider Kimberly Bloomston sold 13,055 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $31.11, for a total transaction of $406,141.05. Following the transaction, the insider now owns 127,404 shares in the company, valued at approximately $3,963,538.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Kimberly Bloomston sold 13,055 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $31.11, for a total transaction of $406,141.05. Following the completion of the sale, the insider now directly owns 127,404 shares of the company’s stock, valued at $3,963,538.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Mohsin Hussain sold 17,299 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $31.15, for a total transaction of $538,863.85. Following the sale, the chief technology officer now owns 88,546 shares of the company’s stock, valued at approximately $2,758,207.90. The disclosure for this sale can be found here. Corporate insiders own 3.39% of the company’s stock.

LiveRamp 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.