Vanguard Group Inc. Raises Stock Position in LiveRamp Holdings, Inc. $RAMP

Vanguard Group Inc. increased its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 0.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,092,051 shares of the company’s stock after buying an additional 20,735 shares during the period. Vanguard Group Inc. owned about 13.86% of LiveRamp worth $246,758,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH increased its holdings in LiveRamp by 57.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 259,945 shares of the company’s stock worth $7,055,000 after purchasing an additional 95,135 shares during the period. Cresset Asset Management LLC acquired a new position in shares of LiveRamp during the second quarter worth about $2,036,000. Magnetar Financial LLC purchased a new stake in shares of LiveRamp during the second quarter worth approximately $928,000. Integrated Quantitative Investments LLC purchased a new stake in shares of LiveRamp during the second quarter worth approximately $1,301,000. Finally, XTX Topco Ltd acquired a new stake in LiveRamp in the second quarter valued at approximately $1,259,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Stock Down 0.5%

RAMP opened at $27.12 on Friday. LiveRamp Holdings, Inc. has a 52 week low of $21.71 and a 52 week high of $35.20. The business has a 50 day moving average price of $26.14 and a two-hundred day moving average price of $27.41. The company has a market cap of $1.71 billion, a PE ratio of 25.58 and a beta of 1.13.

LiveRamp (NYSE:RAMP) last released its earnings results on Thursday, February 5th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. LiveRamp had a return on equity of 6.40% and a net margin of 8.64%.The business had revenue of $212.20 million for the quarter, compared to analyst estimates of $211.68 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

LiveRamp declared that its board has initiated a stock buyback program on Thursday, February 12th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 13.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have commented on RAMP. Zacks Research downgraded shares of LiveRamp from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of LiveRamp in a research note on Monday, December 29th. Morgan Stanley raised their price target on LiveRamp from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, November 13th. Cross Research set a $53.00 price objective on LiveRamp in a research report on Tuesday, November 4th. Finally, Wells Fargo & Company raised their target price on LiveRamp from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $39.40.

LiveRamp Company Profile

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.