Newport Trust Company LLC Sells 28,963 Shares of LiveRamp Holdings, Inc. $RAMP

Newport Trust Company LLC cut its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 4.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 586,716 shares of the company’s stock after selling 28,963 shares during the period. Newport Trust Company LLC’s holdings in LiveRamp were worth $17,232,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of RAMP. Boston Partners lifted its stake in LiveRamp by 56.6% during the 3rd quarter. Boston Partners now owns 1,269,623 shares of the company’s stock valued at $34,746,000 after acquiring an additional 459,094 shares in the last quarter. 4D Advisors LLC bought a new position in LiveRamp during the 3rd quarter valued at $5,428,000. Invenomic Capital Management LP raised its stake in shares of LiveRamp by 61.4% during the 3rd quarter. Invenomic Capital Management LP now owns 469,766 shares of the company’s stock worth $12,749,000 after purchasing an additional 178,799 shares during the period. Fort Washington Investment Advisors Inc. OH raised its stake in shares of LiveRamp by 11.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,431,189 shares of the company’s stock worth $42,034,000 after purchasing an additional 145,745 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of LiveRamp during the 2nd quarter worth $4,435,000. 93.83% of the stock is currently owned by institutional investors.

LiveRamp Stock Up 0.3%

RAMP stock opened at $37.84 on Friday. The firm has a market capitalization of $2.39 billion, a PE ratio of 16.59 and a beta of 1.19. LiveRamp Holdings, Inc. has a twelve month low of $21.71 and a twelve month high of $37.91. The stock has a 50-day simple moving average of $28.75 and a two-hundred day simple moving average of $27.96.

LiveRamp (NYSE:RAMP) last posted 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. The business had revenue of $206.09 million during the quarter, compared to analyst estimates of $205.49 million. LiveRamp had a return on equity of 8.33% and a net margin of 17.95%.The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. On average, equities research analysts anticipate that LiveRamp Holdings, Inc. will post 2.07 EPS for the current fiscal year.

LiveRamp declared that its board has authorized a share buyback plan on Thursday, February 12th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to buy up to 13.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have recently commented on RAMP. Evercore began coverage on LiveRamp in a research note on Tuesday, March 24th. They set an “outperform” rating and a $37.00 target price on the stock. Benchmark lowered their target price on LiveRamp from $53.00 to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. DA Davidson cut LiveRamp from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $35.00 to $38.50 in a research note on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of LiveRamp in a research note on Friday, March 27th. Finally, Wells Fargo & Company lifted their target price on LiveRamp from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $39.43.

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.