Deutsche Bank AG Takes Position in LiveRamp Holdings, Inc. $RAMP

Deutsche Bank AG bought a new position in LiveRamp Holdings, Inc. (NYSE:RAMP) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 68,861 shares of the company’s stock, valued at approximately $2,592,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in LiveRamp by 15.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,772,213 shares of the company’s stock valued at $73,519,000 after acquiring an additional 365,894 shares in the last quarter. Schroder Investment Management Group increased its stake in shares of LiveRamp by 3.9% during the 4th quarter. Schroder Investment Management Group now owns 2,609,061 shares of the company’s stock worth $77,750,000 after purchasing an additional 96,867 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its stake in shares of LiveRamp by 37.0% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,960,674 shares of the company’s stock worth $51,997,000 after purchasing an additional 529,485 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of LiveRamp during the 4th quarter worth $55,256,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of LiveRamp by 16.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,550,435 shares of the company’s stock valued at $41,118,000 after purchasing an additional 213,706 shares in the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

LiveRamp Price Performance

LiveRamp stock opened at $37.77 on Friday. The firm has a market capitalization of $2.30 billion, a P/E ratio of 15.48 and a beta of 1.29. The stock has a fifty day moving average price of $37.74 and a two-hundred day moving average price of $32.78. LiveRamp Holdings, Inc. has a 52-week low of $21.71 and a 52-week high of $38.23.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $213.99 million for the quarter, compared to analyst estimates of $211.45 million. LiveRamp had a return on equity of 9.77% and a net margin of 18.71%.During the same period in the prior year, the company earned $0.44 EPS. LiveRamp’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities research analysts predict that LiveRamp Holdings, Inc. will post 2.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RAMP. Craig Hallum cut 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, May 19th. DA Davidson reissued a “neutral” rating on shares of LiveRamp in a report on Tuesday, August 11th. Morgan Stanley set a $38.50 price objective on LiveRamp in a research note on Friday, May 22nd. Finally, Weiss Ratings upgraded LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $40.21.

LiveRamp Company 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.