Allianz Asset Management GmbH Has $5.45 Million Holdings in LiveRamp Holdings, Inc. $RAMP

Allianz Asset Management GmbH lessened its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 7.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 164,810 shares of the company’s stock after selling 13,000 shares during the period. Allianz Asset Management GmbH owned 0.25% of LiveRamp worth $5,445,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of RAMP. Vanguard Group Inc. grew its stake in shares of LiveRamp by 3.2% during the first quarter. Vanguard Group Inc. now owns 9,131,290 shares of the company’s stock valued at $238,692,000 after purchasing an additional 283,747 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in LiveRamp by 0.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,004,497 shares of the company’s stock worth $26,258,000 after buying an additional 8,537 shares in the last quarter. Boston Partners boosted its position in LiveRamp by 15.3% in the 1st quarter. Boston Partners now owns 795,507 shares of the company’s stock valued at $20,664,000 after buying an additional 105,450 shares during the last quarter. Invenomic Capital Management LP increased its stake in shares of LiveRamp by 49.8% in the 1st quarter. Invenomic Capital Management LP now owns 570,710 shares of the company’s stock valued at $14,918,000 after buying an additional 189,690 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of LiveRamp by 2.3% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 519,875 shares of the company’s stock worth $13,590,000 after acquiring an additional 11,689 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other LiveRamp news, CTO Mohsin Hussain sold 12,734 shares of LiveRamp stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $27.94, for a total transaction of $355,787.96. Following the transaction, the chief technology officer directly owned 63,409 shares in the company, valued at approximately $1,771,647.46. The trade was a 16.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.31% of the company’s stock.

LiveRamp Price Performance

Shares of RAMP stock opened at $27.97 on Thursday. The stock has a 50-day moving average of $27.38 and a 200-day moving average of $29.13. LiveRamp Holdings, Inc. has a one year low of $22.82 and a one year high of $36.08. The stock has a market cap of $1.83 billion, a PE ratio of 127.12 and a beta of 0.90.

LiveRamp (NYSE:RAMP) last issued its earnings results on Wednesday, August 6th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The firm had revenue of $194.82 million during the quarter, compared to the consensus estimate of $191.22 million. LiveRamp had a net margin of 1.89% and a return on equity of 2.21%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. As a group, research analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on RAMP. DA Davidson initiated coverage on LiveRamp in a report on Wednesday, July 9th. They issued a “buy” rating and a $45.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of LiveRamp in a research note on Wednesday, October 8th. Morgan Stanley lowered their price target on shares of LiveRamp from $34.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 12th. Benchmark restated a “buy” rating and issued a $51.00 price objective (up from $48.00) on shares of LiveRamp in a report on Tuesday, August 5th. Finally, Wall Street Zen raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, LiveRamp has an average rating of “Hold” and an average price target of $40.83.

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.