Rhumbline Advisers Has $5.88 Million Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Rhumbline Advisers reduced its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 7.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 189,930 shares of the company’s stock after selling 14,649 shares during the quarter. Rhumbline Advisers owned approximately 0.28% of LiveRamp worth $5,876,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RAMP. DT Investment Partners LLC acquired a new stake in shares of LiveRamp during the 2nd quarter valued at $27,000. Blue Trust Inc. raised its holdings in shares of LiveRamp by 187.1% during the second quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock worth $33,000 after acquiring an additional 694 shares in the last quarter. Covestor Ltd boosted its position in LiveRamp by 44.9% during the first quarter. Covestor Ltd now owns 2,131 shares of the company’s stock valued at $73,000 after purchasing an additional 660 shares during the last quarter. Quest Partners LLC purchased a new position in LiveRamp in the fourth quarter valued at about $93,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in LiveRamp in the 1st quarter worth about $87,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on RAMP shares. Benchmark reiterated a “buy” rating and set a $56.00 price target on shares of LiveRamp in a report on Tuesday, August 6th. Craig Hallum decreased their target price on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Evercore ISI cut their price target on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. StockNews.com cut shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 16th. Finally, Morgan Stanley cut their target price on LiveRamp from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, May 23rd. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $46.80.

Insiders Place Their Bets

In related news, CTO Mohsin Hussain sold 5,773 shares of LiveRamp stock in a transaction on Friday, August 30th. The stock was sold at an average price of $25.98, for a total transaction of $149,982.54. Following the completion of the sale, the chief technology officer now directly owns 73,614 shares of the company’s stock, valued at $1,912,491.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.39% of the company’s stock.

LiveRamp Stock Up 2.7 %

RAMP stock opened at $26.21 on Friday. The business’s 50-day simple moving average is $27.30 and its 200 day simple moving average is $30.74. The company has a market cap of $1.76 billion, a PE ratio of 145.61 and a beta of 0.96. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $42.66.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, August 7th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. The business had revenue of $175.96 million during the quarter, compared to the consensus estimate of $171.92 million. LiveRamp had a return on equity of 2.14% and a net margin of 0.88%. LiveRamp’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the company earned $0.09 EPS. On average, equities research analysts anticipate that LiveRamp Holdings, Inc. will post 0.37 EPS for the current year.

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.