LiveRamp Holdings, Inc. (NYSE:RAMP) Stake Cut by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 8.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,877 shares of the company’s stock after selling 428 shares during the quarter. Nisa Investment Advisors LLC’s holdings in LiveRamp were worth $151,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Blue Trust Inc. grew its position in LiveRamp by 187.1% during the second quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock valued at $33,000 after purchasing an additional 694 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of LiveRamp by 32.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 264,470 shares of the company’s stock valued at $8,183,000 after acquiring an additional 64,155 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of LiveRamp in the second quarter worth $509,000. Carolina Wealth Advisors LLC increased its stake in shares of LiveRamp by 11.2% in the second quarter. Carolina Wealth Advisors LLC now owns 27,349 shares of the company’s stock worth $846,000 after acquiring an additional 2,764 shares during the last quarter. Finally, Clarius Group LLC raised its holdings in shares of LiveRamp by 1.7% during the second quarter. Clarius Group LLC now owns 91,076 shares of the company’s stock worth $2,818,000 after acquiring an additional 1,520 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on RAMP shares. Macquarie upgraded LiveRamp to a “strong-buy” rating in a research note on Thursday, August 8th. Evercore ISI dropped their price objective on LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Craig Hallum cut their price objective on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. StockNews.com downgraded shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 16th. Finally, Morgan Stanley cut their price target 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. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $46.80.

LiveRamp Stock Performance

Shares of RAMP stock opened at $25.03 on Friday. The stock’s 50 day simple moving average is $28.87 and its 200 day simple moving average is $32.00. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $42.66. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 139.06 and a beta of 1.00.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The company had revenue of $175.96 million for the quarter, compared to analyst estimates of $171.92 million. LiveRamp had a net margin of 1.80% and a return on equity of 3.27%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share. On average, analysts forecast that LiveRamp Holdings, Inc. will post 0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other LiveRamp news, CTO Mohsin Hussain sold 17,299 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $31.15, for a total transaction of $538,863.85. Following the completion of the sale, the chief technology officer now directly owns 88,546 shares in the company, valued at $2,758,207.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Kimberly Bloomston sold 13,055 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $31.11, for a total transaction of $406,141.05. Following the completion of the transaction, the insider now directly owns 127,404 shares in the company, valued at approximately $3,963,538.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Mohsin Hussain sold 17,299 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $31.15, for a total transaction of $538,863.85. Following the completion of the sale, the chief technology officer now directly owns 88,546 shares of the company’s stock, valued at $2,758,207.90. The disclosure for this sale can be found here. Company insiders own 3.39% of the company’s stock.

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.