LiveRamp Holdings, Inc. $RAMP Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC cut its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 98.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,857 shares of the company’s stock after selling 255,176 shares during the quarter. Peregrine Capital Management LLC’s holdings in LiveRamp were worth $105,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RAMP. Royal Bank of Canada increased its stake in shares of LiveRamp by 246.4% in the first quarter. Royal Bank of Canada now owns 19,726 shares of the company’s stock valued at $515,000 after purchasing an additional 14,031 shares during the period. AQR Capital Management LLC increased its position in LiveRamp by 101.5% in the 1st quarter. AQR Capital Management LLC now owns 229,244 shares of the company’s stock valued at $5,869,000 after acquiring an additional 115,464 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in LiveRamp in the 1st quarter valued at approximately $212,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in LiveRamp by 1.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,234 shares of the company’s stock valued at $999,000 after acquiring an additional 677 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in LiveRamp by 6.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 377,443 shares of the company’s stock worth $9,866,000 after acquiring an additional 24,330 shares during the period. 93.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Zacks Research raised LiveRamp from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 20th. Wells Fargo & Company increased their target price on shares of LiveRamp from $31.00 to $34.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Benchmark restated a “buy” rating on shares of LiveRamp in a research report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LiveRamp in a research note on Monday, December 29th. Finally, Cross Research set a $53.00 price objective on shares of LiveRamp in a research note on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $43.50.

LiveRamp Trading Up 0.4%

Shares of LiveRamp stock opened at $27.89 on Friday. LiveRamp Holdings, Inc. has a 52 week low of $22.82 and a 52 week high of $36.08. The stock has a market cap of $1.77 billion, a PE ratio of 45.71 and a beta of 1.12. The company’s 50-day moving average price is $29.16 and its two-hundred day moving average price is $29.19.

LiveRamp (NYSE:RAMP) last released its earnings results on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. LiveRamp had a net margin of 5.15% and a return on equity of 4.44%. The business had revenue of $199.83 million for the quarter, compared to the consensus estimate of $197.31 million. During the same period in the previous year, the firm earned $0.51 EPS. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities analysts predict that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

About LiveRamp

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company’s core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp’s platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.