Intech Investment Management LLC Invests $444,000 in LiveRamp Holdings, Inc. (NYSE:RAMP)

Intech Investment Management LLC purchased a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,923 shares of the company’s stock, valued at approximately $444,000.

Several other institutional investors also recently modified their holdings of RAMP. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of LiveRamp by 55.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 355,131 shares of the company’s stock valued at $8,800,000 after acquiring an additional 126,527 shares during the period. Royce & Associates LP increased its stake in LiveRamp by 75.6% in the third quarter. Royce & Associates LP now owns 317,910 shares of the company’s stock valued at $7,878,000 after acquiring an additional 136,900 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of LiveRamp by 30.2% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 77,696 shares of the company’s stock worth $1,925,000 after buying an additional 18,009 shares in the last quarter. Olympiad Research LP acquired a new stake in LiveRamp in the third quarter valued at about $205,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of LiveRamp by 353.8% in the 3rd 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. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at LiveRamp

In related news, insider Kimberly Bloomston sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.17, for a total transaction of $100,680.00. Following the completion of the transaction, the insider now owns 117,247 shares in the company, valued at $2,951,106.99. The trade was a 3.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Debora B. Tomlin sold 9,765 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $25.07, for a total transaction of $244,808.55. Following the transaction, the director now directly owns 24,509 shares of the company’s stock, valued at $614,440.63. The trade was a 28.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.39% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on RAMP. Evercore ISI decreased their price target on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Benchmark lowered their price objective on LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Craig Hallum decreased their price target on LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Macquarie reaffirmed an “outperform” rating and issued a $43.00 price target on shares of LiveRamp in a report on Thursday, November 7th. Finally, Wells Fargo & Company began coverage on LiveRamp in a research report on Monday, October 28th. They set an “equal weight” rating and a $25.00 price target on the stock. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.14.

LiveRamp Trading Up 4.1 %

Shares of RAMP opened at $31.60 on Tuesday. The firm has a market cap of $2.06 billion, a PE ratio of 607.32 and a beta of 0.96. LiveRamp Holdings, Inc. has a 12 month low of $21.45 and a 12 month high of $42.66. The stock has a fifty day moving average price of $26.28 and a 200-day moving average price of $27.90.

LiveRamp (NYSE:RAMP) last issued its earnings results on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.14. The firm had revenue of $185.00 million for the quarter, compared to the consensus estimate of $176.16 million. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The company’s revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 earnings per share. As a group, research analysts forecast that LiveRamp Holdings, Inc. will post 0.36 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.