Bank of America Corp DE Decreases Stake in LiveRamp Holdings, Inc. $RAMP

Bank of America Corp DE reduced its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 18.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 234,666 shares of the company’s stock after selling 52,077 shares during the quarter. Bank of America Corp DE’s holdings in LiveRamp were worth $6,223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in RAMP. Sound Income Strategies LLC raised its stake in LiveRamp by 769.1% in the 1st quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock worth $28,000 after acquiring an additional 946 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of LiveRamp in the second quarter valued at about $31,000. Strs Ohio acquired a new position in shares of LiveRamp in the first quarter valued at about $31,000. Hantz Financial Services Inc. raised its stake in shares of LiveRamp by 197.0% in the fourth quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock worth $32,000 after purchasing an additional 727 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of LiveRamp by 63.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock worth $44,000 after purchasing an additional 583 shares during the period. 93.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RAMP. Morgan Stanley set a $38.50 price target on shares of LiveRamp in a research report on Friday, May 22nd. Weiss Ratings raised shares of LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. DA Davidson reaffirmed a “neutral” rating on shares of LiveRamp in a report on Tuesday, August 11th. Finally, Craig Hallum downgraded LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target on the stock. in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $40.21.

LiveRamp Price Performance

NYSE:RAMP opened at $37.68 on Thursday. The company has a 50 day moving average price of $37.74 and a 200-day moving average price of $32.67. LiveRamp Holdings, Inc. has a 1-year low of $21.71 and a 1-year high of $38.23. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 15.44 and a beta of 1.29.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. The company had revenue of $213.99 million during the quarter, compared to analyst estimates of $211.45 million. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 EPS. On average, sell-side analysts anticipate that LiveRamp Holdings, Inc. will post 2.04 earnings per share for the current fiscal year.

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.