Stifel Financial Corp Reduces Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Stifel Financial Corp cut its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,397 shares of the company’s stock after selling 4,350 shares during the quarter. Stifel Financial Corp owned approximately 0.11% of LiveRamp worth $1,720,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. American Capital Management Inc. lifted its position in shares of LiveRamp by 46.7% in the third quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock valued at $71,312,000 after acquiring an additional 916,578 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in LiveRamp by 7.7% in 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 during the period. Charles Schwab Investment Management Inc. grew its holdings in LiveRamp by 7.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 946,808 shares of the company’s stock valued at $23,462,000 after buying an additional 69,063 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in LiveRamp by 111.4% during 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 in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH bought a new position in shares of LiveRamp during the 2nd quarter valued at about $13,214,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Trading Down 0.6 %

Shares of LiveRamp stock opened at $30.17 on Friday. The stock’s fifty day moving average price is $28.25 and its 200-day moving average price is $27.89. 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 $1.97 billion, a P/E ratio of 603.52 and a beta of 0.97.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results 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. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The business had revenue of $185.00 million for the quarter, compared to analysts’ expectations of $176.16 million. During the same period last year, the business earned $0.21 EPS. The company’s revenue was up 15.6% compared to the same quarter last year. Analysts forecast that LiveRamp Holdings, Inc. will post 0.36 earnings per share for the current year.

Insider Activity

In other LiveRamp news, 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 completion of the sale, the insider now directly owns 117,247 shares in the company, valued at approximately $2,951,106.99. The trade was a 3.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Debora B. Tomlin sold 9,765 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $25.07, for a total transaction of $244,808.55. Following the transaction, the director now owns 24,509 shares of the company’s stock, valued at $614,440.63. This represents 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.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Macquarie reaffirmed an “outperform” rating and set a $43.00 price objective on shares of LiveRamp in a report on Thursday, November 7th. 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 price objective on the stock. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 16th. Finally, Benchmark reduced their price target on LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $41.14.

About LiveRamp

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.