Clarius Group LLC Acquires 1,683 Shares of LiveRamp Holdings, Inc. $RAMP

Clarius Group LLC boosted its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 1.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,249 shares of the company’s stock after buying an additional 1,683 shares during the quarter. Clarius Group LLC owned approximately 0.15% of LiveRamp worth $3,246,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in LiveRamp by 2.9% during the 1st quarter. Principal Financial Group Inc. now owns 380,060 shares of the company’s stock valued at $9,935,000 after acquiring an additional 10,624 shares in the last quarter. AQR Capital Management LLC grew its stake in LiveRamp by 101.5% in the first quarter. AQR Capital Management LLC now owns 229,244 shares of the company’s stock valued at $5,869,000 after purchasing an additional 115,464 shares during the last quarter. Blue Trust Inc. raised its holdings in LiveRamp by 63.0% in the first quarter. Blue Trust Inc. now owns 2,558 shares of the company’s stock worth $67,000 after purchasing an additional 989 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of LiveRamp by 38.3% during the first quarter. Voya Investment Management LLC now owns 65,840 shares of the company’s stock valued at $1,721,000 after buying an additional 18,222 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of LiveRamp during the first quarter valued at about $543,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. DA Davidson assumed coverage on shares of LiveRamp in a research report on Wednesday, July 9th. They issued a “buy” rating and a $45.00 price objective on the stock. Zacks Research downgraded LiveRamp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 19th. Weiss Ratings reiterated a “hold (c-)” rating on shares of LiveRamp in a report on Saturday, September 27th. Wall Street Zen upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Finally, Morgan Stanley reduced their target price on LiveRamp from $34.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, LiveRamp currently has an average rating of “Hold” and a consensus price target of $40.83.

LiveRamp Price Performance

NYSE RAMP opened at $27.37 on Friday. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 124.41 and a beta of 0.90. The stock’s fifty day moving average price is $28.07 and its 200 day moving average price is $29.06. LiveRamp Holdings, Inc. has a 1 year low of $22.82 and a 1 year high of $36.08.

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

Insider Activity at LiveRamp

In related news, CTO Mohsin Hussain sold 12,734 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $27.94, for a total value of $355,787.96. Following the transaction, the chief technology officer owned 63,409 shares in the company, valued at approximately $1,771,647.46. This represents a 16.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy R. Cadogan sold 2,500 shares of the company’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $34.00, for a total transaction of $85,000.00. Following the completion of the sale, the director directly owned 55,470 shares in the company, valued at $1,885,980. This trade represents a 4.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.31% of the stock is currently owned by corporate insiders.

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.