Nomura Holdings Inc. Buys Shares of 91,022 LiveRamp Holdings, Inc. $RAMP

Nomura Holdings Inc. purchased a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 91,022 shares of the company’s stock, valued at approximately $3,007,000.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in 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 acquiring an additional 283,747 shares during the last quarter. Marshall Wace LLP grew its stake in shares of LiveRamp by 366.7% during the 2nd quarter. Marshall Wace LLP now owns 343,282 shares of the company’s stock valued at $11,342,000 after purchasing an additional 269,719 shares during the period. Nuveen LLC purchased a new stake in shares of LiveRamp during the 1st quarter valued at about $6,123,000. Invenomic Capital Management LP increased its position in shares of LiveRamp by 49.8% during the 1st quarter. Invenomic Capital Management LP now owns 570,710 shares of the company’s stock valued at $14,918,000 after purchasing an additional 189,690 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of LiveRamp by 26.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 658,895 shares of the company’s stock worth $21,770,000 after purchasing an additional 139,020 shares during the period. Institutional investors own 93.83% of the company’s stock.

Analyst Upgrades and Downgrades

RAMP has been the subject of several recent research reports. Benchmark restated a “buy” rating on shares of LiveRamp in a research report on Tuesday, November 4th. Cross Research set a $53.00 price target on shares of LiveRamp in a research note on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of LiveRamp in a research report on Monday, December 8th. Wells Fargo & Company raised their target price on LiveRamp from $31.00 to $34.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Finally, Wall Street Zen upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, LiveRamp currently has an average rating of “Hold” and an average price target of $43.50.

LiveRamp Price Performance

Shares of RAMP stock opened at $29.20 on Tuesday. LiveRamp Holdings, Inc. has a one year low of $22.82 and a one year high of $36.08. The company’s fifty day moving average price is $28.58 and its 200-day moving average price is $29.56. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 47.86 and a beta of 1.17.

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