Sei Investments Co. Cuts Stock Position in LiveRamp Holdings, Inc. $RAMP

Sei Investments Co. lessened its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 40.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,962 shares of the company’s stock after selling 39,128 shares during the quarter. Sei Investments Co.’s holdings in LiveRamp were worth $1,537,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Azzad Asset Management Inc. ADV boosted its stake in LiveRamp by 1.1% in the first quarter. Azzad Asset Management Inc. ADV now owns 32,887 shares of the company’s stock valued at $872,000 after acquiring an additional 353 shares in the last quarter. Lido Advisors LLC boosted its position in shares of LiveRamp by 4.8% in the 4th quarter. Lido Advisors LLC now owns 9,418 shares of the company’s stock worth $261,000 after purchasing an additional 429 shares in the last quarter. Engineers Gate Manager LP grew its stake in LiveRamp by 0.5% during the 2nd quarter. Engineers Gate Manager LP now owns 113,424 shares of the company’s stock worth $3,748,000 after buying an additional 561 shares during the last quarter. US Bancorp DE grew its stake in LiveRamp by 8.8% during the 3rd quarter. US Bancorp DE now owns 6,944 shares of the company’s stock worth $188,000 after buying an additional 564 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in LiveRamp by 63.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock valued at $44,000 after buying an additional 583 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Wall Street Analyst Weigh In

RAMP has been the subject of a number of research analyst reports. Craig Hallum cut LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target for the company. in a research note on Tuesday, May 19th. Morgan Stanley set a $38.50 price target on LiveRamp in a research note on Friday, May 22nd. DA Davidson downgraded shares of LiveRamp from a “buy” rating to a “neutral” rating and upped their price objective for the company from $35.00 to $38.50 in a report on Monday, May 18th. Finally, Weiss Ratings lowered shares of LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $40.21.

LiveRamp Stock Performance

NYSE:RAMP opened at $37.75 on Tuesday. The firm’s fifty day moving average is $37.70 and its two-hundred day moving average is $31.55. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 15.47 and a beta of 1.29. LiveRamp Holdings, Inc. has a one year low of $21.71 and a one year high of $38.23.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $213.99 million during the quarter, compared to analyst estimates of $211.45 million. LiveRamp had a return on equity of 9.77% and a net margin of 18.71%.The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. As a group, equities research analysts predict that LiveRamp Holdings, Inc. will post 2.07 earnings per share for the current fiscal year.

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.