LiveRamp Holdings, Inc. $RAMP Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 0.2% during the third quarter, Holdings Channel reports. The institutional investor owned 9,092,051 shares of the company’s stock after purchasing an additional 20,735 shares during the quarter. Vanguard Group Inc. owned about 0.14% of LiveRamp worth $246,758,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Allianz Asset Management GmbH boosted its position in shares of LiveRamp by 57.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 259,945 shares of the company’s stock worth $7,055,000 after purchasing an additional 95,135 shares in the last quarter. Magnetar Financial LLC acquired a new position in LiveRamp during the second quarter worth about $928,000. Cresset Asset Management LLC purchased a new position in LiveRamp in the second quarter valued at about $2,036,000. Integrated Quantitative Investments LLC purchased a new stake in shares of LiveRamp during the 2nd quarter worth approximately $1,301,000. Finally, XTX Topco Ltd acquired a new stake in shares of LiveRamp in the 2nd quarter worth approximately $1,259,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Price Performance

RAMP opened at $27.12 on Friday. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 25.58 and a beta of 1.13. The business has a 50-day moving average of $26.14 and a two-hundred day moving average of $27.41. LiveRamp Holdings, Inc. has a 12 month low of $21.71 and a 12 month high of $35.20.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.76 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $211.68 million. During the same period in the prior year, the firm posted $0.55 EPS. The company’s revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

LiveRamp declared that its Board of Directors has authorized a share buyback plan on Thursday, February 12th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 13.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on RAMP shares. Morgan Stanley lifted their price objective on LiveRamp from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, November 13th. Wells Fargo & Company boosted their price objective on shares of LiveRamp from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, February 6th. Cross Research set a $53.00 target price on shares of LiveRamp in a report on Tuesday, November 4th. Benchmark reduced their price target on shares of LiveRamp from $53.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Finally, DA Davidson lowered their price target on shares of LiveRamp from $45.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, LiveRamp currently has a consensus rating of “Hold” and a consensus price target of $39.40.

About LiveRamp

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.