Bank of Montreal Can Decreases Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Bank of Montreal Can lessened its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 38.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,470 shares of the company's stock after selling 45,782 shares during the period. Bank of Montreal Can owned 0.11% of LiveRamp worth $1,843,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. DT Investment Partners LLC purchased a new position in LiveRamp during the 2nd quarter valued at approximately $27,000. Quarry LP boosted its position in shares of LiveRamp by 4,575.0% during the 2nd quarter. Quarry LP now owns 935 shares of the company's stock valued at $29,000 after acquiring an additional 915 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of LiveRamp by 187.1% in the second quarter. Blue Trust Inc. now owns 1,065 shares of the company's stock valued at $33,000 after purchasing an additional 694 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in LiveRamp in the first quarter worth $87,000. Finally, Quest Partners LLC raised its stake in LiveRamp by 68.8% during the second quarter. Quest Partners LLC now owns 2,998 shares of the company's stock valued at $93,000 after purchasing an additional 1,222 shares in the last quarter. 93.83% of the stock is owned by institutional investors.

LiveRamp Trading Up 2.7 %

Shares of RAMP stock traded up $0.84 on Friday, reaching $31.75. 377,732 shares of the company's stock were exchanged, compared to its average volume of 641,145. The company's fifty day simple moving average is $26.77 and its 200 day simple moving average is $27.92. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $42.66. The stock has a market capitalization of $2.07 billion, a PE ratio of 618.32 and a beta of 0.97.

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

Insider Activity

In related news, Director Debora B. Tomlin sold 9,765 shares of the firm's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $25.07, for a total transaction of $244,808.55. Following the sale, the director now owns 24,509 shares of the company's stock, valued at $614,440.63. This trade represents a 28.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kimberly Bloomston sold 4,000 shares of the business's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $25.17, for a total transaction of $100,680.00. Following the completion of the transaction, the insider now owns 117,247 shares of the company's stock, valued at $2,951,106.99. This represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.39% of the company's stock.

Analysts Set New Price Targets

RAMP has been the subject of a number of recent research reports. Benchmark dropped their price objective on shares of LiveRamp from $48.00 to $42.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Evercore ISI reduced their price objective on LiveRamp from $50.00 to $40.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. Macquarie reaffirmed an "outperform" rating and issued a $43.00 price objective on shares of LiveRamp in a research note on Thursday, November 7th. Wells Fargo & Company started coverage on LiveRamp in a report on Monday, October 28th. They issued an "equal weight" rating and a $25.00 target price for the company. Finally, Craig Hallum lowered their price target on LiveRamp from $55.00 to $43.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $41.14.

LiveRamp 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.