LiveRamp Holdings, Inc. $RAMP Position Lowered by Vanguard Group Inc.

Vanguard Group Inc. decreased its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,877,132 shares of the company’s stock after selling 214,919 shares during the period. Vanguard Group Inc. owned about 0.14% of LiveRamp worth $260,721,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Fort Washington Investment Advisors Inc. OH lifted its position in shares of LiveRamp by 11.3% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,431,189 shares of the company’s stock worth $42,034,000 after purchasing an additional 145,745 shares during the last quarter. Boston Partners lifted its position in shares of LiveRamp by 56.6% during the third quarter. Boston Partners now owns 1,269,623 shares of the company’s stock worth $34,746,000 after purchasing an additional 459,094 shares during the last quarter. Barclays PLC lifted its position in shares of LiveRamp by 6.2% during the third quarter. Barclays PLC now owns 721,579 shares of the company’s stock worth $19,584,000 after purchasing an additional 42,026 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of LiveRamp by 7.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 710,361 shares of the company’s stock worth $19,279,000 after purchasing an additional 51,466 shares during the last quarter. Finally, Invenomic Capital Management LP lifted its position in shares of LiveRamp by 61.4% during the third quarter. Invenomic Capital Management LP now owns 469,766 shares of the company’s stock worth $12,749,000 after purchasing an additional 178,799 shares during the last quarter. Institutional investors own 93.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on RAMP shares. Zacks Research cut shares of LiveRamp from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. DA Davidson reduced their price target on shares of LiveRamp from $45.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Evercore assumed coverage on shares of LiveRamp in a report on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of LiveRamp in a report on Friday, March 27th. Finally, Wells Fargo & Company raised their target price on shares of LiveRamp from $34.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 6th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $39.00.

LiveRamp Stock Up 0.9%

Shares of NYSE RAMP opened at $30.44 on Friday. The firm’s 50-day moving average price is $27.89 and its two-hundred day moving average price is $27.62. LiveRamp Holdings, Inc. has a 52-week low of $21.71 and a 52-week high of $35.20. The stock has a market capitalization of $1.92 billion, a P/E ratio of 28.72 and a beta of 1.19.

LiveRamp (NYSE:RAMP) last issued its earnings results on Thursday, February 5th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. LiveRamp had a net margin of 8.64% and a return on equity of 6.40%. The firm had revenue of $212.20 million for the quarter, compared to analysts’ expectations of $211.68 million. During the same quarter last year, the company posted $0.55 earnings per share. LiveRamp’s revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts expect that LiveRamp Holdings, Inc. will post 1.3 earnings per share for the current year.

LiveRamp declared that its Board of Directors has initiated a share buyback program on Thursday, February 12th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 13.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

About LiveRamp

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.