LSV Asset Management Purchases 50,900 Shares of LiveRamp Holdings, Inc. $RAMP

LSV Asset Management lifted its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 36.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,300 shares of the company’s stock after acquiring an additional 50,900 shares during the quarter. LSV Asset Management owned 0.30% of LiveRamp worth $5,618,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of LiveRamp in the second quarter valued at about $31,000. Strs Ohio bought a new stake in shares of LiveRamp in the first quarter valued at about $31,000. Picton Mahoney Asset Management bought a new stake in shares of LiveRamp in the third quarter valued at about $38,000. TD Private Client Wealth LLC bought a new stake in shares of LiveRamp in the fourth quarter valued at about $92,000. Finally, Triumph Capital Management bought a new stake in shares of LiveRamp in the third quarter valued at about $122,000. 93.83% of the stock is currently owned by institutional investors.

LiveRamp Stock Performance

Shares of LiveRamp stock opened at $37.67 on Wednesday. LiveRamp Holdings, Inc. has a one year low of $21.71 and a one year high of $37.91. The company has a market capitalization of $2.38 billion, a PE ratio of 16.52 and a beta of 1.19. The company has a 50-day simple moving average of $29.31 and a two-hundred day simple moving average of $28.18.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Sunday, May 17th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. LiveRamp had a net margin of 17.95% and a return on equity of 8.28%. The firm had revenue of $206.09 million for the quarter, compared to the consensus estimate of $205.49 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, equities analysts predict that LiveRamp Holdings, Inc. will post 2.07 earnings per share for the current fiscal year.

LiveRamp declared that its Board of Directors has initiated a share buyback plan on Thursday, February 12th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 13.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

RAMP has been the subject of several recent research reports. Craig Hallum downgraded LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price objective for the company. in a report on Tuesday, May 19th. Wells Fargo & Company lifted their price objective on LiveRamp from $34.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. Benchmark decreased their price objective on LiveRamp from $53.00 to $38.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. Morgan Stanley set a $38.50 price objective on LiveRamp in a report on Friday. Finally, Evercore started coverage on shares of LiveRamp in a report on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 target price for the company. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, LiveRamp has an average 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.