Intech Investment Management LLC Has $924,000 Stock Position in LiveRamp Holdings, Inc. $RAMP

Intech Investment Management LLC lowered its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 45.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 31,465 shares of the company’s stock after selling 25,977 shares during the period. Intech Investment Management LLC’s holdings in LiveRamp were worth $924,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Jackson Creek Investment Advisors LLC bought a new position in LiveRamp during the fourth quarter worth $407,000. Royce & Associates LP increased its stake in LiveRamp by 5.5% in the fourth quarter. Royce & Associates LP now owns 247,655 shares of the company’s stock valued at $7,274,000 after purchasing an additional 12,905 shares in the last quarter. Clearstead Advisors LLC increased its stake in LiveRamp by 58.7% in the fourth quarter. Clearstead Advisors LLC now owns 2,128 shares of the company’s stock valued at $62,000 after purchasing an additional 787 shares in the last quarter. Hantz Financial Services Inc. increased its stake in LiveRamp by 197.0% in the fourth quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock valued at $32,000 after purchasing an additional 727 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in LiveRamp by 63.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock valued at $44,000 after purchasing an additional 583 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Stock Up 0.0%

RAMP opened at $37.43 on Monday. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 16.41 and a beta of 1.27. LiveRamp Holdings, Inc. has a twelve month low of $21.71 and a twelve month high of $37.91. The company’s 50-day moving average price is $31.00 and its two-hundred day moving average price is $28.61.

LiveRamp (NYSE:RAMP) last released its earnings results on Sunday, May 17th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. LiveRamp had a net margin of 17.95% and a return on equity of 8.28%. The firm had revenue of $206.09 million for the quarter, compared to analysts’ expectations of $205.49 million. During the same period in the previous year, the company earned $0.30 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, sell-side analysts anticipate that LiveRamp Holdings, Inc. will post 2.07 earnings per share for the current year.

LiveRamp announced that its board has authorized a share buyback program on Thursday, February 12th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 13.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have recently issued reports on RAMP shares. Weiss Ratings upgraded shares of LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. Morgan Stanley set a $38.50 price objective on shares of LiveRamp in a report on Friday, May 22nd. DA Davidson cut shares of LiveRamp from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $35.00 to $38.50 in a report on Monday, May 18th. Evercore started coverage on shares of LiveRamp in a report on Tuesday, March 24th. They set an “outperform” rating and a $37.00 price objective for the company. Finally, Craig Hallum cut shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price objective for the company. in a report on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $40.21.

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.