Fifth Third Bancorp Acquires 18,537 Shares of LiveRamp Holdings, Inc. $RAMP

Fifth Third Bancorp grew its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 1,972.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,477 shares of the company’s stock after acquiring an additional 18,537 shares during the period. Fifth Third Bancorp’s holdings in LiveRamp were worth $517,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Sound Income Strategies LLC grew its position in shares of LiveRamp by 769.1% in the first quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock valued at $28,000 after purchasing an additional 946 shares in the last quarter. Headlands Technologies LLC purchased a new stake in LiveRamp during the 2nd quarter worth about $31,000. Strs Ohio purchased a new stake in LiveRamp during the 1st quarter worth about $31,000. Hantz Financial Services Inc. boosted its stake in LiveRamp by 197.0% in the 4th 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 period. Finally, EverSource Wealth Advisors LLC boosted its stake in LiveRamp by 63.1% in the 4th 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.

LiveRamp Stock Performance

NYSE:RAMP opened at $37.76 on Thursday. LiveRamp Holdings, Inc. has a 52-week low of $21.71 and a 52-week high of $38.23. The stock has a fifty day moving average of $37.67 and a 200 day moving average of $30.89. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 16.56 and a beta of 1.27.

LiveRamp (NYSE:RAMP) last announced its earnings results on Monday, May 18th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.The business had revenue of $206.09 million for the quarter, compared to analyst estimates of $205.49 million. During the same period in the prior year, the company earned $0.30 EPS. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. Equities analysts forecast that LiveRamp Holdings, Inc. will post 2.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.