JPMorgan Chase & Co. Sells 85,069 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

JPMorgan Chase & Co. lowered its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 10.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 720,039 shares of the company’s stock after selling 85,069 shares during the quarter. JPMorgan Chase & Co. owned about 1.10% of LiveRamp worth $17,843,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of RAMP. Quarry LP lifted its position in LiveRamp by 4,575.0% during the 2nd quarter. Quarry LP now owns 935 shares of the company’s stock valued at $29,000 after acquiring an additional 915 shares during the period. DT Investment Partners LLC increased its stake in shares of LiveRamp by 62.6% during the third quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock valued at $35,000 after purchasing an additional 545 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of LiveRamp during the third quarter valued at approximately $92,000. Quest Partners LLC boosted its position in shares of LiveRamp by 68.8% in the 2nd quarter. Quest Partners LLC now owns 2,998 shares of the company’s stock worth $93,000 after purchasing an additional 1,222 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of LiveRamp in the 2nd quarter worth approximately $149,000. Institutional investors own 93.83% of the company’s stock.

Analyst Upgrades and Downgrades

RAMP has been the subject of a number of recent research reports. Macquarie reiterated an “outperform” rating and set a $43.00 price objective on shares of LiveRamp in a research note on Thursday, November 7th. Wells Fargo & Company began coverage on LiveRamp in a research report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price target for the company. Benchmark reduced their price objective on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, LiveRamp presently has a consensus rating of “Buy” and a consensus price target of $41.14.

LiveRamp Stock Up 1.0 %

Shares of NYSE RAMP opened at $30.28 on Friday. The firm’s 50-day moving average price is $30.00 and its 200-day moving average price is $27.91. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $42.66. The company has a market cap of $1.98 billion, a PE ratio of 605.72 and a beta of 0.96.

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

About LiveRamp

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.