Intech Investment Management LLC Takes Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Intech Investment Management LLC purchased a new position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,923 shares of the company’s stock, valued at approximately $444,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RAMP. Fort Washington Investment Advisors Inc. OH purchased a new position in LiveRamp in the second quarter valued at approximately $13,214,000. Assenagon Asset Management S.A. increased its position in shares of LiveRamp by 111.4% during the third quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock worth $13,857,000 after purchasing an additional 294,743 shares in the last quarter. Millennium Management LLC boosted its position in shares of LiveRamp by 143.8% in the 2nd quarter. Millennium Management LLC now owns 395,619 shares of the company’s stock valued at $12,240,000 after purchasing an additional 233,329 shares during the period. EVR Research LP purchased a new stake in LiveRamp in the second quarter valued at approximately $5,879,000. Finally, Dimensional Fund Advisors LP grew its position in shares of LiveRamp by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,265,391 shares of the company’s stock worth $70,090,000 after acquiring an additional 161,373 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Trading Up 4.1 %

Shares of RAMP stock opened at $31.60 on Tuesday. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $42.66. The firm has a 50-day moving average price of $26.28 and a 200 day moving average price of $27.90. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 607.32 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last posted its 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. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The firm had revenue of $185.00 million during the quarter, compared to the consensus estimate of $176.16 million. During the same quarter in the prior year, the company earned $0.21 EPS. The company’s revenue was up 15.6% on a year-over-year basis. As a group, research analysts predict that LiveRamp Holdings, Inc. will post 0.36 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Evercore ISI cut 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. Benchmark lowered their price objective on LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Craig Hallum dropped their price objective on LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Macquarie reiterated an “outperform” rating and issued a $43.00 price target on shares of LiveRamp in a report on Thursday, November 7th. Finally, Wells Fargo & Company initiated coverage on shares of LiveRamp in a research report on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price on the stock. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, LiveRamp has an average rating of “Moderate Buy” and a consensus price target of $41.14.

Insider Buying and Selling at LiveRamp

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

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.