Price T Rowe Associates Inc. MD Has $1.54 Million Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Price T Rowe Associates Inc. MD trimmed its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 6.7% in the second quarter, Holdings Channel reports. The institutional investor owned 32,855 shares of the company’s stock after selling 2,373 shares during the period. Price T Rowe Associates Inc. MD’s holdings in LiveRamp were worth $1,539,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Captrust Financial Advisors raised its position in shares of LiveRamp by 970.8% in the first quarter. Captrust Financial Advisors now owns 1,392 shares of the company’s stock valued at $72,000 after buying an additional 1,262 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of LiveRamp by 16.8% in the second quarter. Public Employees Retirement System of Ohio now owns 2,609 shares of the company’s stock valued at $122,000 after buying an additional 376 shares in the last quarter. Cutler Group LP acquired a new stake in shares of LiveRamp in the second quarter valued at approximately $124,000. GSA Capital Partners LLP acquired a new stake in shares of LiveRamp in the second quarter valued at approximately $216,000. Finally, Altfest L J & Co. Inc. raised its position in shares of LiveRamp by 16.7% in the second quarter. Altfest L J & Co. Inc. now owns 4,859 shares of the company’s stock valued at $228,000 after buying an additional 696 shares in the last quarter. Institutional investors own 93.00% of the company’s stock.

NYSE RAMP opened at $49.78 on Thursday. The business’s fifty day moving average is $50.84. The company has a market capitalization of $3.39 billion, a PE ratio of -97.61 and a beta of 1.16. LiveRamp Holdings, Inc. has a fifty-two week low of $38.50 and a fifty-two week high of $87.38.

LiveRamp (NYSE:RAMP) last posted its earnings results on Tuesday, November 2nd. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.21. LiveRamp had a negative net margin of 6.93% and a negative return on equity of 1.93%. The firm had revenue of $127.29 million for the quarter. During the same period in the previous year, the firm posted ($0.36) EPS. As a group, research analysts forecast that LiveRamp Holdings, Inc. will post -0.11 earnings per share for the current fiscal year.

In related news, Director Debora B. Tomlin sold 3,600 shares of the business’s stock in a transaction on Thursday, November 4th. The shares were sold at an average price of $58.01, for a total value of $208,836.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.34% of the company’s stock.

Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of LiveRamp from a “sell” rating to a “hold” rating in a research report on Saturday, November 20th. Wells Fargo & Company assumed coverage on shares of LiveRamp in a research report on Friday, August 20th. They set a “buy” rating and a $95.00 price objective for the company. Craig Hallum boosted their price objective on shares of LiveRamp from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, November 3rd. BMO Capital Markets boosted their price objective on shares of LiveRamp from $57.00 to $60.00 and gave the company a “market perform” rating in a research report on Wednesday, November 3rd. Finally, Berenberg Bank assumed coverage on shares of LiveRamp in a research report on Wednesday, September 22nd. They set a “buy” rating and a $64.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, LiveRamp presently has an average rating of “Buy” and an average price target of $78.10.

LiveRamp Company Profile

LiveRamp Holdings, Inc operates as a global technology company. It is engaged in providing identity platform leveraged by brands and partners to deliver innovative products and exceptional experiences. The firm’s identifyLink connects people, data and devices across the digital and physical world, powering the people-based marketing revolution and allowing consumers to safely connect with brands and products.

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Institutional Ownership by Quarter for LiveRamp (NYSE:RAMP)

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