LiveRamp Holdings, Inc. $RAMP Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 22.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 197,154 shares of the company’s stock after selling 57,916 shares during the period. Pacer Advisors Inc. owned about 0.31% of LiveRamp worth $5,790,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Headlands Technologies LLC acquired a new stake in shares of LiveRamp during the second quarter worth about $31,000. Strs Ohio acquired a new stake in shares of LiveRamp in the 1st quarter valued at about $31,000. Hantz Financial Services Inc. grew its stake in LiveRamp by 197.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock worth $32,000 after buying an additional 727 shares during the last quarter. Picton Mahoney Asset Management acquired a new position in LiveRamp during the third quarter worth approximately $38,000. Finally, EverSource Wealth Advisors LLC increased its position in LiveRamp by 63.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock worth $44,000 after buying an additional 583 shares during the period. 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 RAMP shares. Morgan Stanley set a $38.50 price objective on LiveRamp in a report on Friday, May 22nd. Evercore started coverage on shares of LiveRamp in a report on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 target price on the stock. DA Davidson downgraded shares of LiveRamp from a “buy” rating to a “neutral” rating and upped their price target for the company from $35.00 to $38.50 in a research report on Monday, May 18th. Weiss Ratings cut shares of LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Finally, Craig Hallum downgraded shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price objective on the stock. in a research report on Tuesday, May 19th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, LiveRamp currently has an average rating of “Hold” and an average target price of $40.21.

LiveRamp Price Performance

LiveRamp stock opened at $37.60 on Tuesday. The business has a 50 day simple moving average of $33.41 and a 200-day simple moving average of $29.29. LiveRamp Holdings, Inc. has a 12 month low of $21.71 and a 12 month high of $37.92. The stock has a market capitalization of $2.26 billion, a PE ratio of 16.49 and a beta of 1.27.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Monday, May 18th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $206.09 million for the quarter, compared to analyst estimates of $205.49 million. LiveRamp had a net margin of 17.95% and a return on equity of 8.28%. LiveRamp’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the firm posted $0.30 EPS. As a group, equities research analysts anticipate that LiveRamp Holdings, Inc. will post 2.07 EPS for the current year.

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.