Los Angeles Capital Management LLC Trims Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Los Angeles Capital Management LLC lessened its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 24.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 18,620 shares of the company’s stock after selling 6,090 shares during the quarter. Los Angeles Capital Management LLC’s holdings in LiveRamp were worth $576,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. DT Investment Partners LLC bought a new stake in LiveRamp during the second quarter valued at approximately $27,000. Blue Trust Inc. lifted its holdings in shares of LiveRamp by 187.1% during the 2nd quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock worth $33,000 after acquiring an additional 694 shares during the last quarter. Covestor Ltd grew its position in LiveRamp by 44.9% in the first quarter. Covestor Ltd now owns 2,131 shares of the company’s stock worth $73,000 after acquiring an additional 660 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in LiveRamp in the first quarter valued at $87,000. Finally, Quest Partners LLC purchased a new stake in LiveRamp during the fourth quarter valued at about $93,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Insiders Place Their Bets

In other news, CTO Mohsin Hussain sold 5,773 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $25.98, for a total transaction of $149,982.54. Following the transaction, the chief technology officer now directly owns 73,614 shares of the company’s stock, valued at $1,912,491.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RAMP. Evercore ISI cut their price objective on LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Macquarie upgraded shares of LiveRamp to a “strong-buy” rating in a research report on Thursday, August 8th. StockNews.com lowered shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 16th. Morgan Stanley reduced their target price on shares of LiveRamp from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, May 23rd. Finally, Craig Hallum lowered their price target on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $46.80.

LiveRamp Stock Up 2.7 %

NYSE:RAMP opened at $26.21 on Friday. The firm has a market capitalization of $1.76 billion, a P/E ratio of 145.61 and a beta of 0.96. The company has a fifty day moving average of $27.30 and a 200 day moving average of $30.77. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $42.66.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.31 by $0.04. The firm had revenue of $175.96 million during the quarter, compared to the consensus estimate of $171.92 million. LiveRamp had a net margin of 0.88% and a return on equity of 2.14%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 earnings per share. As a group, analysts anticipate that LiveRamp Holdings, Inc. will post 0.37 EPS for the current year.

LiveRamp Company Profile

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.