20,200 Shares in LiveRamp Holdings (NYSE:RAMP) Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale bought a new position in LiveRamp Holdings (NYSE:RAMP) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 20,200 shares of the company’s stock, valued at approximately $982,000.

Other hedge funds have also recently modified their holdings of the company. CFM Wealth Partners LLC purchased a new position in LiveRamp in the 4th quarter worth $57,000. Tower Research Capital LLC TRC raised its stake in LiveRamp by 83.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,983 shares of the company’s stock worth $171,000 after acquiring an additional 1,809 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in LiveRamp by 10.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,325 shares of the company’s stock worth $208,000 after acquiring an additional 425 shares during the last quarter. OLD National Bancorp IN purchased a new position in LiveRamp in the 4th quarter worth $239,000. Finally, Dupont Capital Management Corp purchased a new position in shares of LiveRamp during the 4th quarter valued at about $262,000. Institutional investors own 99.79% of the company’s stock.

NYSE:RAMP opened at $39.04 on Friday. LiveRamp Holdings has a 52 week low of $37.30 and a 52 week high of $63.23. The stock has a market capitalization of $2.67 billion, a PE ratio of -16.07 and a beta of 1.47. The stock’s 50-day moving average price is $43.70 and its 200-day moving average price is $44.76.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, February 5th. The company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.50) by $0.47. LiveRamp had a negative return on equity of 12.55% and a negative net margin of 46.96%. The firm had revenue of $102.22 million for the quarter, compared to analysts’ expectations of $102.51 million. During the same period last year, the firm earned $0.03 EPS. The company’s quarterly revenue was up 27.7% on a year-over-year basis. As a group, equities research analysts expect that LiveRamp Holdings will post -2.36 earnings per share for the current year.

In related news, insider James F. Arra sold 14,737 shares of LiveRamp stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $49.43, for a total value of $728,449.91. Following the sale, the insider now directly owns 160,271 shares in the company, valued at approximately $7,922,195.53. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Clark M. Kokich sold 1,000 shares of LiveRamp stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $43.18, for a total value of $43,180.00. Following the completion of the sale, the director now owns 67,427 shares in the company, valued at $2,911,497.86. The disclosure for this sale can be found here. Insiders have sold a total of 16,737 shares of company stock worth $820,260 over the last 90 days. Insiders own 5.18% of the company’s stock.

A number of equities analysts have weighed in on RAMP shares. Stephens reduced their price objective on LiveRamp from $61.00 to $56.00 and set an “overweight” rating for the company in a research note on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $70.00 price objective (up previously from $67.00) on shares of LiveRamp in a research note on Thursday, February 6th. First Analysis reiterated a “buy” rating and set a $63.00 price objective on shares of LiveRamp in a research note on Sunday, January 26th. Zacks Investment Research lowered LiveRamp from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, ValuEngine upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $63.29.

LiveRamp Profile

LiveRamp Holdings, Inc provides identity and data connectivity for powering exceptional customer experiences. The company offers IdentityLink, an identity resolution platform that connects people, data, and devices across the physical and digital world, powering privacy-compliant, people-based marketing that allows consumers to better connect with the brands and products they love.

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Institutional Ownership by Quarter for LiveRamp (NYSE:RAMP)

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