Amalgamated Bank Trims Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Amalgamated Bank lessened its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,697 shares of the company’s stock after selling 469 shares during the quarter. Amalgamated Bank’s holdings in LiveRamp were worth $488,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Louisiana State Employees Retirement System increased its position in LiveRamp by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 33,300 shares of the company’s stock worth $1,030,000 after buying an additional 500 shares in the last quarter. Arizona State Retirement System increased its position in LiveRamp by 2.9% in the second quarter. Arizona State Retirement System now owns 18,528 shares of the company’s stock worth $573,000 after buying an additional 523 shares in the last quarter. DT Investment Partners LLC increased its position in LiveRamp by 62.6% in the third quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock worth $35,000 after buying an additional 545 shares in the last quarter. Covestor Ltd increased its position in LiveRamp by 44.9% in the first quarter. Covestor Ltd now owns 2,131 shares of the company’s stock worth $73,000 after buying an additional 660 shares in the last quarter. Finally, Blue Trust Inc. increased its position 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 buying an additional 694 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Trading Down 2.0 %

Shares of LiveRamp stock opened at $27.89 on Friday. The stock has a 50 day moving average of $25.38 and a 200 day moving average of $28.11. LiveRamp Holdings, Inc. has a 12 month low of $21.45 and a 12 month high of $42.66. The firm has a market cap of $1.82 billion, a PE ratio of 557.91 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, beating 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 company had revenue of $185.00 million during the quarter, compared to analyst estimates of $176.16 million. During the same period in the prior year, the company earned $0.21 earnings per share. The firm’s revenue was up 15.6% on a year-over-year basis. As a group, equities research analysts forecast that LiveRamp Holdings, Inc. will post 0.37 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Kimberly Bloomston sold 4,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.17, for a total value of $100,680.00. Following the sale, the insider now directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Debora B. Tomlin sold 9,765 shares of the 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 completion of the sale, the director now 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 disclosure for this sale can be found here. Insiders sold 19,538 shares of company stock valued at $495,471 in the last ninety days. Insiders own 3.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RAMP. Wells Fargo & Company began coverage on LiveRamp in a research report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price target for the company. Benchmark dropped their price objective on LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Evercore ISI dropped their price objective on LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Macquarie reaffirmed an “outperform” rating and issued a $43.00 price objective on shares of LiveRamp in a research note on Thursday, November 7th. Finally, Craig Hallum dropped their price objective on LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, LiveRamp currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.14.

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.