LSV Asset Management Increases Position in LiveRamp Holdings, Inc. $RAMP

LSV Asset Management increased its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 36.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 191,300 shares of the company’s stock after buying an additional 50,900 shares during the quarter. LSV Asset Management’s holdings in LiveRamp were worth $5,618,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in shares of LiveRamp during the second quarter valued at $31,000. Strs Ohio purchased a new stake in shares of LiveRamp during the first quarter valued at $31,000. Picton Mahoney Asset Management purchased a new stake in LiveRamp in the third quarter valued at approximately $38,000. TD Private Client Wealth LLC acquired a new position in LiveRamp in the 4th quarter worth approximately $92,000. Finally, Triumph Capital Management acquired a new position in LiveRamp in the 3rd quarter worth approximately $122,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

LiveRamp Trading Down 0.1%

LiveRamp stock opened at $37.67 on Wednesday. LiveRamp Holdings, Inc. has a 12 month low of $21.71 and a 12 month high of $37.91. The stock’s 50 day simple moving average is $29.31 and its two-hundred day simple moving average is $28.18. The firm has a market cap of $2.38 billion, a PE ratio of 16.52 and a beta of 1.19.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data on Sunday, May 17th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.The business had revenue of $206.09 million for the quarter, compared to analyst estimates of $205.49 million. During the same quarter in the prior year, the firm posted $0.30 EPS. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities research analysts forecast that LiveRamp Holdings, Inc. will post 2.07 EPS for the current year.

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

Wall Street Analysts Forecast Growth

RAMP has been the topic of several research reports. Morgan Stanley set a $38.50 price target on shares of LiveRamp in a report on Friday. Benchmark cut their price target on shares of LiveRamp from $53.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Evercore initiated coverage on shares of LiveRamp in a report on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 price target on the stock. Weiss Ratings upgraded shares of LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday. Finally, Wells Fargo & Company increased their price target on shares of LiveRamp from $34.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 6th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $40.21.

LiveRamp 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.