Victory Capital Management Inc. Sells 19,191 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Victory Capital Management Inc. lessened its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 53.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,011 shares of the company’s stock after selling 19,191 shares during the quarter. Victory Capital Management Inc.’s holdings in LiveRamp were worth $422,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of RAMP. State of New Jersey Common Pension Fund D increased its holdings in LiveRamp by 30.2% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 77,696 shares of the company’s stock valued at $1,925,000 after purchasing an additional 18,009 shares in the last quarter. Olympiad Research LP acquired a new stake in LiveRamp during the 3rd quarter valued at $205,000. Robeco Institutional Asset Management B.V. increased its holdings in LiveRamp by 353.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 66,911 shares of the company’s stock valued at $1,658,000 after purchasing an additional 52,166 shares in the last quarter. Angeles Wealth Management LLC acquired a new stake in LiveRamp during the 3rd quarter valued at $279,000. Finally, Janney Montgomery Scott LLC acquired a new stake in LiveRamp during the 3rd quarter valued at $780,000. Institutional investors own 93.83% of the company’s stock.

LiveRamp Stock Up 0.1 %

Shares of LiveRamp stock opened at $30.47 on Friday. LiveRamp Holdings, Inc. has a 12 month low of $21.45 and a 12 month high of $42.66. The business has a fifty day simple moving average of $26.19 and a 200 day simple moving average of $27.98. The stock has a market cap of $1.99 billion, a PE ratio of 607.32 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data 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 return on equity of 1.25% and a net margin of 0.40%. The business had revenue of $185.00 million during the quarter, compared to analysts’ expectations of $176.16 million. During the same period in the previous year, the firm earned $0.21 earnings per share. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. Analysts expect that LiveRamp Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RAMP shares. Craig Hallum dropped 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. Benchmark dropped their price target on LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Evercore ISI dropped their price target on LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Macquarie reissued an “outperform” rating and issued a $43.00 target price on shares of LiveRamp in a research note on Thursday, November 7th. Finally, 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 for the company. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.14.

Insider Buying and Selling

In other LiveRamp news, Director Debora B. Tomlin sold 9,765 shares of LiveRamp 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 transaction, the director now directly owns 24,509 shares in the company, valued at approximately $614,440.63. The trade was a 28.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kimberly Bloomston sold 4,000 shares of LiveRamp 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 transaction, the insider now owns 117,247 shares in the company, valued at approximately $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. 3.39% of the stock is owned by insiders.

About LiveRamp

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.