The Manufacturers Life Insurance Company Sells 1,021 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

The Manufacturers Life Insurance Company cut its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,663 shares of the company’s stock after selling 1,021 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.05% of LiveRamp worth $884,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RAMP. Dimensional Fund Advisors LP raised its stake in shares of LiveRamp by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,265,391 shares of the company’s stock worth $70,090,000 after purchasing an additional 161,373 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in LiveRamp by 7.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 946,808 shares of the company’s stock worth $23,462,000 after acquiring an additional 69,063 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in LiveRamp by 111.4% in the third quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock valued at $13,857,000 after acquiring an additional 294,743 shares during the last quarter. Fort Washington Investment Advisors Inc. OH bought a new position in shares of LiveRamp in the 2nd quarter valued at about $13,214,000. Finally, Millennium Management LLC increased its stake in shares of LiveRamp by 143.8% during the 2nd quarter. Millennium Management LLC now owns 395,619 shares of the company’s stock worth $12,240,000 after purchasing an additional 233,329 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Wall Street Analyst Weigh In

RAMP has been the topic of several recent research reports. Macquarie reaffirmed an “outperform” rating and set a $43.00 target price on shares of LiveRamp in a report on Thursday, November 7th. Benchmark decreased their price target on LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, Wells Fargo & Company started coverage on shares of LiveRamp in a research report on Monday, October 28th. They set an “equal weight” rating and a $25.00 price objective for the company. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, LiveRamp currently has a consensus rating of “Moderate Buy” and an average target price of $41.14.

LiveRamp Stock Down 0.7 %

LiveRamp stock opened at $32.11 on Friday. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 642.33 and a beta of 0.97. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $42.66. The firm’s fifty day moving average is $27.53 and its 200 day moving average is $27.89.

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

Insiders Place Their Bets

In related news, 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Debora B. Tomlin sold 9,765 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.07, for a total value of $244,808.55. Following the transaction, the director now directly owns 24,509 shares of the company’s stock, valued at approximately $614,440.63. The trade was a 28.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.39% of the company’s stock.

LiveRamp Company 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.