Rhumbline Advisers Sells 14,649 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Rhumbline Advisers lessened its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 7.2% in the second quarter, Holdings Channel.com reports. The firm owned 189,930 shares of the company’s stock after selling 14,649 shares during the period. Rhumbline Advisers’ holdings in LiveRamp were worth $5,876,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of RAMP. Victory Capital Management Inc. boosted its stake in shares of LiveRamp by 13.9% during the 4th quarter. Victory Capital Management Inc. now owns 13,760 shares of the company’s stock worth $521,000 after acquiring an additional 1,674 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of LiveRamp by 18.3% during the 4th quarter. Teacher Retirement System of Texas now owns 48,089 shares of the company’s stock valued at $1,822,000 after acquiring an additional 7,445 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in LiveRamp by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,238,534 shares of the company’s stock valued at $84,798,000 after buying an additional 21,705 shares during the last quarter. Norges Bank acquired a new position in LiveRamp during the 4th quarter worth about $16,546,000. Finally, Quest Partners LLC acquired a new position in shares of LiveRamp in the fourth quarter worth approximately $93,000. 93.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on RAMP shares. Craig Hallum dropped their target price 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. 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 note on Thursday, August 8th. Benchmark reissued a “buy” rating and set a $56.00 target price on shares of LiveRamp in a report on Tuesday, August 6th. StockNews.com lowered shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 16th. Finally, Macquarie raised shares of LiveRamp to a “strong-buy” rating in a research note on Thursday, August 8th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $46.80.

LiveRamp Stock Performance

Shares of RAMP stock opened at $26.21 on Friday. The stock has a 50 day moving average price of $27.30 and a two-hundred day moving average price of $30.74. LiveRamp Holdings, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $42.66. The company has a market capitalization of $1.76 billion, a P/E ratio of 145.61 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last announced its 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 during the quarter, compared to the consensus estimate of $171.92 million. LiveRamp had a return on equity of 2.14% and a net margin of 0.88%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 earnings per share. As a group, equities analysts predict that LiveRamp Holdings, Inc. will post 0.37 earnings per share for the current year.

Insider Transactions at LiveRamp

In other news, CTO Mohsin Hussain sold 5,773 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief technology officer now directly owns 73,614 shares in the company, valued at $1,912,491.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.