Charles Schwab Investment Management Inc. Buys 69,063 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Charles Schwab Investment Management Inc. lifted its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 7.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 946,808 shares of the company’s stock after purchasing an additional 69,063 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.45% of LiveRamp worth $23,462,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. DT Investment Partners LLC purchased a new stake in shares of LiveRamp during the second quarter valued at $27,000. Quarry LP grew its stake in LiveRamp by 4,575.0% in the second quarter. Quarry LP now owns 935 shares of the company’s stock valued at $29,000 after purchasing an additional 915 shares during the last quarter. Blue Trust Inc. grew its holdings in LiveRamp by 187.1% in the second quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock worth $33,000 after purchasing an additional 694 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of LiveRamp during the first quarter worth about $87,000. Finally, Quest Partners LLC increased its holdings in shares of 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 acquiring an additional 1,222 shares in the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at LiveRamp

In other LiveRamp 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 transaction, the director now owns 24,509 shares in the company, valued at $614,440.63. This trade represents a 28.49 % decrease in their position. 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 LiveRamp stock in a transaction that occurred on Thursday, September 26th. The shares were 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 in the company, valued at approximately $2,951,106.99. This trade 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 corporate insiders.

LiveRamp Trading Down 2.4 %

Shares of NYSE:RAMP opened at $30.91 on Friday. The company has a market capitalization of $2.02 billion, a PE ratio of 633.53 and a beta of 0.97. 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 simple moving average of $26.65 and a 200-day simple moving average of $27.90.

LiveRamp (NYSE:RAMP) last announced its earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.14. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The company had revenue of $185.00 million for the quarter, compared to the consensus estimate of $176.16 million. During the same period last year, the business posted $0.21 EPS. The company’s revenue was up 15.6% on a year-over-year basis. As a group, equities research analysts predict that LiveRamp Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on RAMP shares. Craig Hallum lowered their target price on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Evercore ISI dropped their price target on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Benchmark dropped their target price on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Macquarie restated an “outperform” rating and set a $43.00 price target on shares of LiveRamp in a research report on Thursday, November 7th. Finally, 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. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company 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.