LiveRamp Holdings, Inc. $RAMP Shares Acquired by Tributary Capital Management LLC

Tributary Capital Management LLC boosted its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 134.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,059,040 shares of the company’s stock after purchasing an additional 606,389 shares during the period. Tributary Capital Management LLC’s holdings in LiveRamp were worth $28,742,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RAMP. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of LiveRamp by 32.3% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,285,444 shares of the company’s stock worth $34,887,000 after purchasing an additional 313,868 shares during the last quarter. Boston Partners lifted its stake in shares of LiveRamp by 1.9% during the second quarter. Boston Partners now owns 810,529 shares of the company’s stock valued at $26,620,000 after buying an additional 15,022 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in LiveRamp by 26.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 658,895 shares of the company’s stock worth $21,770,000 after acquiring an additional 139,020 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in LiveRamp by 170.1% during the third quarter. Assenagon Asset Management S.A. now owns 473,459 shares of the company’s stock worth $12,850,000 after acquiring an additional 298,197 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in LiveRamp by 6.9% in 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 currently owned by hedge funds and other institutional investors.

LiveRamp Stock Down 0.2%

Shares of NYSE:RAMP opened at $28.30 on Thursday. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 46.39 and a beta of 1.12. The company has a 50 day moving average of $29.14 and a two-hundred day moving average of $29.25. LiveRamp Holdings, Inc. has a 52-week low of $22.82 and a 52-week high of $36.08.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of LiveRamp in a research note on Monday, December 29th. Morgan Stanley upped their target price on LiveRamp from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, November 13th. Zacks Research upgraded LiveRamp from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 20th. Cross Research set a $53.00 price target on LiveRamp in a research note on Tuesday, November 4th. 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. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $43.50.

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.