Assenagon Asset Management S.A. Sells 449,827 Shares of LiveRamp Holdings, Inc. $RAMP

Assenagon Asset Management S.A. decreased its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 95.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,632 shares of the company’s stock after selling 449,827 shares during the quarter. Assenagon Asset Management S.A.’s holdings in LiveRamp were worth $694,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of LiveRamp during the 2nd quarter valued at approximately $31,000. Strs Ohio purchased a new stake in LiveRamp in the 1st quarter worth approximately $31,000. Picton Mahoney Asset Management bought a new stake in LiveRamp during the 3rd quarter worth approximately $38,000. Parkside Financial Bank & Trust raised its stake in LiveRamp by 18.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 3,080 shares of the company’s stock worth $84,000 after acquiring an additional 487 shares during the period. Finally, Triumph Capital Management purchased a new position in LiveRamp during the third quarter valued at approximately $122,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RAMP. Benchmark dropped their price target on shares of LiveRamp from $53.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Zacks Research cut shares of LiveRamp from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Evercore initiated coverage on shares of LiveRamp in a report on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 target price for the company. DA Davidson cut their price target on LiveRamp from $45.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Finally, Wells Fargo & Company raised their price target on LiveRamp from $34.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, LiveRamp presently has an average rating of “Hold” and an average target price of $39.00.

LiveRamp Stock Performance

Shares of RAMP opened at $26.59 on Thursday. The stock has a market capitalization of $1.68 billion, a PE ratio of 25.09 and a beta of 1.12. The company’s fifty day moving average is $26.03 and its 200 day moving average is $27.48. LiveRamp Holdings, Inc. has a fifty-two week low of $21.71 and a fifty-two week high of $35.20.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. LiveRamp had a net margin of 8.64% and a return on equity of 6.40%. The business had revenue of $212.20 million during the quarter, compared to analyst estimates of $211.68 million. During the same quarter last year, the business earned $0.55 earnings per share. LiveRamp’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, research analysts forecast that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

LiveRamp declared that its board has approved a stock buyback program on Thursday, February 12th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to buy up to 13.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

LiveRamp 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.