LiveRamp Holdings, Inc. $RAMP Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC decreased its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 98.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,857 shares of the company’s stock after selling 255,176 shares during the quarter. Peregrine Capital Management LLC’s holdings in LiveRamp were worth $105,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of RAMP. Headlands Technologies LLC acquired a new position in shares of LiveRamp in the 2nd quarter valued at approximately $31,000. Strs Ohio bought a new stake in shares of LiveRamp in the first quarter worth $31,000. Heritage Family Offices LLP bought a new stake in shares of LiveRamp in the third quarter worth $206,000. Prudent Man Advisors LLC acquired a new stake in LiveRamp in the second quarter valued at $208,000. Finally, Contravisory Investment Management Inc. bought a new position in LiveRamp during the 3rd quarter valued at $208,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of LiveRamp in a research report on Monday, December 29th. Wall Street Zen upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Morgan Stanley upped their price objective on LiveRamp from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, November 13th. Benchmark reaffirmed a “buy” rating on shares of LiveRamp in a report on Tuesday, November 4th. Finally, Wells Fargo & Company boosted their price target on LiveRamp from $31.00 to $34.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $43.50.

LiveRamp Stock Up 0.4%

Shares of NYSE RAMP opened at $27.89 on Friday. The firm’s 50-day moving average price is $29.16 and its two-hundred day moving average price is $29.19. LiveRamp Holdings, Inc. has a 52-week low of $22.82 and a 52-week high of $36.08. The stock has a market capitalization of $1.77 billion, a P/E ratio of 45.71 and a beta of 1.12.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.48 by $0.07. The company had revenue of $199.83 million during the quarter, compared to analyst estimates of $197.31 million. LiveRamp had a return on equity of 4.44% and a net margin of 5.15%.The business’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 earnings per share. As a group, equities research analysts expect that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

LiveRamp Company Profile

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company’s core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp’s platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.