Fort Washington Investment Advisors Inc. OH Buys New Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Fort Washington Investment Advisors Inc. OH bought a new position in LiveRamp Holdings, Inc. (NYSE:RAMP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 427,070 shares of the company’s stock, valued at approximately $13,214,000. Fort Washington Investment Advisors Inc. OH owned about 0.64% of LiveRamp at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Intrinsic Edge Capital Management LLC grew its position in shares of LiveRamp by 61.9% in the 4th quarter. Intrinsic Edge Capital Management LLC now owns 659,018 shares of the company’s stock worth $24,964,000 after buying an additional 251,993 shares during the last quarter. Vanguard Group Inc. boosted its stake in LiveRamp by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 8,174,985 shares of the company’s stock worth $282,037,000 after purchasing an additional 115,685 shares in the last quarter. Essex Investment Management Co. LLC acquired a new stake in LiveRamp in the 4th quarter worth approximately $1,290,000. G2 Investment Partners Management LLC acquired a new stake in LiveRamp in the 4th quarter worth approximately $8,176,000. Finally, Assenagon Asset Management S.A. boosted its stake in LiveRamp by 32.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 264,470 shares of the company’s stock worth $8,183,000 after purchasing an additional 64,155 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Stock Up 1.9 %

RAMP stock opened at $25.92 on Friday. The company has a market cap of $1.74 billion, a P/E ratio of 144.00 and a beta of 1.00. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $42.66. The business has a fifty day moving average of $28.46 and a 200-day moving average of $31.56.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The firm had revenue of $175.96 million during the quarter, compared to analysts’ expectations of $171.92 million. LiveRamp had a return on equity of 3.27% and a net margin of 1.80%. The company’s revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 earnings per share. As a group, equities research analysts anticipate that LiveRamp Holdings, Inc. will post 0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on RAMP shares. Morgan Stanley cut their target price on shares of LiveRamp from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, May 23rd. Craig Hallum cut their price target on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Macquarie raised shares of LiveRamp to a “strong-buy” rating in a report on Thursday, August 8th. Evercore ISI lowered their price target on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, StockNews.com cut shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 16th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, LiveRamp has an average rating of “Buy” and a consensus price target of $46.80.

Insider Buying and Selling at LiveRamp

In other news, insider Kimberly Bloomston sold 13,055 shares of LiveRamp stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $31.11, for a total value of $406,141.05. Following the completion of the transaction, the insider now directly owns 127,404 shares of the company’s stock, valued at approximately $3,963,538.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.39% of the company’s stock.

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.