UBS Group AG Has $3.86 Million Stock Holdings in LiveRamp Holdings, Inc. $RAMP

UBS Group AG increased its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 26.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,384 shares of the company’s stock after purchasing an additional 27,148 shares during the quarter. UBS Group AG owned approximately 0.21% of LiveRamp worth $3,859,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Fort Washington Investment Advisors Inc. OH increased its position in LiveRamp by 11.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,431,189 shares of the company’s stock worth $42,034,000 after purchasing an additional 145,745 shares in the last quarter. Boston Partners increased its position in LiveRamp by 56.6% during the 3rd quarter. Boston Partners now owns 1,269,623 shares of the company’s stock worth $34,746,000 after purchasing an additional 459,094 shares in the last quarter. Barclays PLC increased its position in LiveRamp by 6.2% during the 3rd quarter. Barclays PLC now owns 721,579 shares of the company’s stock worth $19,584,000 after purchasing an additional 42,026 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in LiveRamp by 7.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 710,361 shares of the company’s stock worth $19,279,000 after purchasing an additional 51,466 shares in the last quarter. Finally, Invenomic Capital Management LP increased its position in LiveRamp by 61.4% during the 3rd quarter. Invenomic Capital Management LP now owns 469,766 shares of the company’s stock worth $12,749,000 after purchasing an additional 178,799 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

LiveRamp Stock Performance

Shares of NYSE RAMP opened at $37.70 on Friday. LiveRamp Holdings, Inc. has a 52-week low of $21.71 and a 52-week high of $37.91. The firm has a 50 day moving average price of $28.94 and a two-hundred day moving average price of $28.03. The stock has a market cap of $2.38 billion, a P/E ratio of 16.54 and a beta of 1.19.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Sunday, May 17th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. LiveRamp had a net margin of 17.95% and a return on equity of 8.33%. The firm had revenue of $206.09 million during the quarter, compared to analysts’ expectations of $205.49 million. During the same period in the prior year, the company posted $0.30 EPS. The company’s revenue was up 9.2% on a year-over-year basis. Analysts predict that LiveRamp Holdings, Inc. will post 2.07 earnings per share for the current fiscal year.

LiveRamp declared that its Board of Directors has initiated a stock buyback plan on Thursday, February 12th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to purchase up to 13.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on RAMP shares. Benchmark lowered their price objective on shares of LiveRamp from $53.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Morgan Stanley set a $38.50 price objective on shares of LiveRamp in a research report on Friday. Wells Fargo & Company upped their price target on shares of LiveRamp from $34.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. Craig Hallum cut shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target for the company. in a research report on Tuesday. Finally, Weiss Ratings upgraded shares of LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, LiveRamp has a consensus rating of “Hold” and an average target price of $40.21.

LiveRamp Profile

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.