Central Pacific Bank Trust Division Lowers Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Central Pacific Bank Trust Division lowered its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 13.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,210 shares of the company’s stock after selling 1,080 shares during the quarter. Central Pacific Bank Trust Division’s holdings in LiveRamp were worth $219,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP lifted its stake in LiveRamp by 4,575.0% in the 2nd quarter. Quarry LP now owns 935 shares of the company’s stock worth $29,000 after purchasing an additional 915 shares in the last quarter. DT Investment Partners LLC lifted its position in shares of LiveRamp by 62.6% in the third quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock worth $35,000 after buying an additional 545 shares in the last quarter. GAMMA Investing LLC boosted its stake in LiveRamp by 232.2% during the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock valued at $52,000 after buying an additional 1,189 shares during the last quarter. Quest Partners LLC grew its holdings in LiveRamp by 68.8% during the 2nd quarter. Quest Partners LLC now owns 2,998 shares of the company’s stock valued at $93,000 after buying an additional 1,222 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new stake in LiveRamp in the 3rd quarter worth approximately $92,000. Institutional investors own 93.83% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on RAMP. Macquarie reissued an “outperform” rating and issued a $43.00 target price on shares of LiveRamp in a report on Thursday, November 7th. Wells Fargo & Company assumed coverage on shares of LiveRamp in a research note on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price objective for the company. Benchmark lowered their price target on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, StockNews.com raised LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, LiveRamp currently has a consensus rating of “Buy” and an average price target of $41.14.

LiveRamp Price Performance

Shares of NYSE RAMP opened at $30.45 on Friday. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $42.66. The firm has a 50-day simple moving average of $29.59 and a two-hundred day simple moving average of $27.88. The company has a market cap of $1.99 billion, a P/E ratio of 609.12 and a beta of 0.97.

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

LiveRamp 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.