Assenagon Asset Management S.A. Lowers Stock Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Assenagon Asset Management S.A. lowered its position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 15.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 472,414 shares of the company's stock after selling 86,799 shares during the period. Assenagon Asset Management S.A. owned 0.72% of LiveRamp worth $14,347,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RAMP. American Capital Management Inc. lifted its position in LiveRamp by 46.7% in the 3rd quarter. American Capital Management Inc. now owns 2,877,814 shares of the company's stock valued at $71,312,000 after acquiring an additional 916,578 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of LiveRamp by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,265,391 shares of the company's stock valued at $70,090,000 after purchasing an additional 161,373 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of LiveRamp by 11.5% during the third quarter. Franklin Resources Inc. now owns 1,526,250 shares of the company's stock valued at $37,653,000 after buying an additional 157,696 shares during the last quarter. Geode Capital Management LLC grew its holdings in LiveRamp by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,493,522 shares of the company's stock worth $37,017,000 after buying an additional 15,340 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of LiveRamp by 7.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 946,808 shares of the company's stock valued at $23,462,000 after purchasing an additional 69,063 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company initiated coverage on LiveRamp in a research note on Monday, October 28th. They issued an "equal weight" rating and a $25.00 target price on the stock. StockNews.com upgraded LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Sunday, December 22nd. Macquarie restated an "outperform" rating and set a $43.00 price target on shares of LiveRamp in a research report on Thursday, November 7th. Morgan Stanley reiterated an "equal weight" rating and issued a $35.00 target price on shares of LiveRamp in a research note on Monday, January 13th. Finally, Benchmark lowered their price target on shares of LiveRamp from $48.00 to $42.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, LiveRamp has an average rating of "Moderate Buy" and a consensus target price of $39.71.

LiveRamp Stock Up 2.1 %

Shares of NYSE:RAMP traded up $0.66 during midday trading on Friday, reaching $32.15. 587,928 shares of the company traded hands, compared to its average volume of 392,676. The firm's fifty day moving average price is $30.51 and its two-hundred day moving average price is $27.91. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 643.05 and a beta of 0.96. LiveRamp Holdings, Inc. has a 12 month low of $21.45 and a 12 month high of $42.66.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.14. The firm had revenue of $185.00 million for the quarter, compared to the consensus estimate of $176.16 million. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The company's revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 earnings per share. Analysts forecast that LiveRamp Holdings, Inc. will post 0.36 earnings per share for the current year.

LiveRamp Company Profile

LiveRamp Holdings, Inc, a technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally. The company operates LiveRamp Data Collaboration platform enables an organization to unify customer and prospect data to build a single view of the customer in a way that protects consumer privacy.