Royce & Associates LP Buys 136,900 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Royce & Associates LP increased its stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 75.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 317,910 shares of the company's stock after purchasing an additional 136,900 shares during the quarter. Royce & Associates LP owned 0.48% of LiveRamp worth $7,878,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of RAMP. ProShare Advisors LLC increased its position in LiveRamp by 5.7% during the 1st quarter. ProShare Advisors LLC now owns 13,057 shares of the company's stock worth $450,000 after purchasing an additional 708 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of LiveRamp by 23.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 23,199 shares of the company's stock valued at $800,000 after acquiring an additional 4,410 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of LiveRamp by 1.4% in the first quarter. Vanguard Group Inc. now owns 8,174,985 shares of the company's stock valued at $282,037,000 after buying an additional 115,685 shares in the last quarter. Covestor Ltd grew its position in LiveRamp by 44.9% in the first quarter. Covestor Ltd now owns 2,131 shares of the company's stock valued at $73,000 after acquiring an additional 660 shares in the last quarter. Finally, Seven Eight Capital LP purchased a new stake in shares of LiveRamp during the first quarter valued at approximately $1,302,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

LiveRamp Stock Performance

Shares of NYSE:RAMP traded up $0.25 during trading hours on Monday, hitting $28.14. 398,194 shares of the company's stock traded hands, compared to its average volume of 647,258. The company's fifty day simple moving average is $25.38 and its two-hundred day simple moving average is $28.08. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 563.20 and a beta of 0.96. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $42.66.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $176.16 million. During the same quarter in the previous year, the business posted $0.21 earnings per share. The firm's quarterly revenue was up 15.6% compared to the same quarter last year. On average, analysts anticipate that LiveRamp Holdings, Inc. will post 0.37 EPS for the current fiscal year.

Insider Buying and Selling at LiveRamp

In related news, CTO Mohsin Hussain sold 5,773 shares of LiveRamp stock in a transaction on Friday, August 30th. The stock was sold at an average price of $25.98, for a total transaction of $149,982.54. Following the completion of the sale, the chief technology officer now owns 73,614 shares of the company's stock, valued at approximately $1,912,491.72. This trade represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kimberly Bloomston sold 4,000 shares of the company's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $25.17, for a total value of $100,680.00. Following the completion of the transaction, the insider now directly owns 117,247 shares in the company, valued at approximately $2,951,106.99. The trade was a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,538 shares of company stock valued at $495,471 in the last three months. 3.39% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Craig Hallum reduced their price target on LiveRamp from $55.00 to $43.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Wells Fargo & Company began coverage on LiveRamp in a report on Monday, October 28th. They set an "equal weight" rating and a $25.00 target price for the company. Macquarie reaffirmed an "outperform" rating and set a $43.00 target price on shares of LiveRamp in a research note on Thursday, November 7th. Evercore ISI decreased their price target on LiveRamp from $50.00 to $40.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th. Finally, Benchmark reduced their price objective on shares of LiveRamp from $48.00 to $42.00 and set a "buy" rating for the company in a report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.