Parkside Financial Bank & Trust Increases Stock Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Parkside Financial Bank & Trust raised its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 101.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,039 shares of the company’s stock after buying an additional 1,027 shares during the period. Parkside Financial Bank & Trust’s holdings in LiveRamp were worth $62,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of LiveRamp during the 3rd quarter worth approximately $1,187,000. Royce & Associates LP increased its holdings in LiveRamp by 75.6% in the 3rd quarter. Royce & Associates LP now owns 317,910 shares of the company’s stock worth $7,878,000 after acquiring an additional 136,900 shares in the last quarter. HighTower Advisors LLC acquired a new position in LiveRamp during the third quarter worth $439,000. Robeco Institutional Asset Management B.V. lifted its holdings in LiveRamp by 353.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 66,911 shares of the company’s stock valued at $1,658,000 after purchasing an additional 52,166 shares in the last quarter. Finally, American Capital Management Inc. grew its position in shares of LiveRamp by 46.7% in the third quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock valued at $71,312,000 after purchasing an additional 916,578 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Insiders Place Their Bets

In other news, CRO Vihan Sharma sold 39,845 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the completion of the transaction, the executive now directly owns 110,902 shares in the company, valued at approximately $3,943,675.12. This represents a 26.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Mohsin Hussain sold 3,554 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $33.67, for a total transaction of $119,663.18. Following the completion of the sale, the chief technology officer now owns 57,594 shares in the company, valued at approximately $1,939,189.98. This trade represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RAMP. StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Macquarie reissued an “outperform” rating and set a $43.00 target price on shares of LiveRamp in a report on Thursday, November 7th. Benchmark reaffirmed a “buy” rating and issued a $45.00 price target on shares of LiveRamp in a research note on Wednesday, February 26th. Evercore ISI increased their price objective on LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley raised their price objective on LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.83.

LiveRamp Stock Performance

NYSE:RAMP opened at $29.51 on Tuesday. The stock has a 50 day moving average price of $32.11 and a 200 day moving average price of $28.75. The stock has a market cap of $1.94 billion, a PE ratio of 2,951.00 and a beta of 0.96. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $38.00.

LiveRamp (NYSE:RAMP) last issued its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. As a group, analysts predict that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

About LiveRamp

LiveRamp Holdings, Inc, a technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally. The company operates LiveRamp Data Collaboration platform enables an organization to unify customer and prospect data to build a single view of the customer in a way that protects consumer privacy.