Globeflex Capital L P Buys Shares of 18,438 LiveRamp Holdings, Inc. $RAMP

Globeflex Capital L P bought a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 18,438 shares of the company’s stock, valued at approximately $542,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Allianz Asset Management GmbH grew its stake in LiveRamp by 57.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 259,945 shares of the company’s stock valued at $7,055,000 after acquiring an additional 95,135 shares in the last quarter. Invenomic Capital Management LP grew its stake in shares of LiveRamp by 61.4% in the 3rd quarter. Invenomic Capital Management LP now owns 469,766 shares of the company’s stock valued at $12,749,000 after buying an additional 178,799 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of LiveRamp in the 3rd quarter valued at approximately $1,042,000. Public Sector Pension Investment Board grew its stake in shares of LiveRamp by 33.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 299,339 shares of the company’s stock valued at $8,124,000 after buying an additional 75,398 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC grew its stake in shares of LiveRamp by 25.9% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 345,314 shares of the company’s stock valued at $9,372,000 after buying an additional 71,000 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. DA Davidson cut LiveRamp from a “buy” rating to a “neutral” rating and boosted their price target for the company from $35.00 to $38.50 in a research note on Monday, May 18th. Evercore assumed coverage on LiveRamp in a research note on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 price target for the company. Morgan Stanley set a $38.50 price target on LiveRamp in a research note on Friday, May 22nd. Wells Fargo & Company boosted their price target on LiveRamp from $34.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, February 6th. Finally, Craig Hallum cut LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target for the company. in a research note on Tuesday, May 19th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $40.21.

LiveRamp Stock Down 0.1%

Shares of LiveRamp stock opened at $37.38 on Friday. The stock has a market capitalization of $2.25 billion, a P/E ratio of 16.39 and a beta of 1.27. The stock has a 50 day moving average price of $30.76 and a two-hundred day moving average price of $28.55. LiveRamp Holdings, Inc. has a 12-month low of $21.71 and a 12-month high of $37.91.

LiveRamp (NYSE:RAMP) last announced its earnings results on Sunday, May 17th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $206.09 million during the quarter, compared to analysts’ expectations of $205.49 million. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.The company’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share. Sell-side analysts anticipate that LiveRamp Holdings, Inc. will post 2.07 earnings per share for the current year.

LiveRamp announced that its Board of Directors has initiated a share repurchase program on Thursday, February 12th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to reacquire up to 13.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are 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.