Victory Capital Management Inc. Sells 19,191 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Victory Capital Management Inc. trimmed its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 53.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,011 shares of the company’s stock after selling 19,191 shares during the period. Victory Capital Management Inc.’s holdings in LiveRamp were worth $422,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of RAMP. Boston Partners lifted its holdings in shares of LiveRamp by 182.3% in the first quarter. Boston Partners now owns 851,397 shares of the company’s stock valued at $29,226,000 after purchasing an additional 549,846 shares in the last quarter. Fort Washington Investment Advisors Inc. OH bought a new stake in LiveRamp during the second quarter worth about $13,214,000. Assenagon Asset Management S.A. raised its holdings in LiveRamp by 111.4% during the third quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock worth $13,857,000 after acquiring an additional 294,743 shares in the last quarter. Millennium Management LLC raised its holdings in LiveRamp by 143.8% during the second quarter. Millennium Management LLC now owns 395,619 shares of the company’s stock worth $12,240,000 after acquiring an additional 233,329 shares in the last quarter. Finally, EVR Research LP bought a new stake in LiveRamp during the second quarter worth about $5,879,000. 93.83% of the stock is currently owned by institutional investors.

LiveRamp Stock Up 0.1 %

Shares of NYSE RAMP opened at $30.47 on Friday. The business’s 50 day moving average price is $26.19 and its two-hundred day moving average price is $27.98. The company has a market cap of $1.99 billion, a PE ratio of 607.32 and a beta of 0.96. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $42.66.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.14. The firm had revenue of $185.00 million for the quarter, compared to the consensus estimate of $176.16 million. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The business’s revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 earnings per share. As a group, research analysts anticipate that LiveRamp Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Benchmark dropped their target price on LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Wells Fargo & Company assumed coverage on LiveRamp in a report on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price on the stock. Macquarie reiterated an “outperform” rating and set a $43.00 target price on shares of LiveRamp in a report on Thursday, November 7th. Evercore ISI dropped their target price on LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, Craig Hallum dropped their target price on LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.14.

Insider Activity

In other news, Director Debora B. Tomlin sold 9,765 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.07, for a total value of $244,808.55. Following the transaction, the director now owns 24,509 shares of the company’s stock, valued at approximately $614,440.63. This represents a 28.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kimberly Bloomston sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $25.17, for a total value of $100,680.00. Following the completion of the transaction, the insider now directly owns 117,247 shares in the company, valued at $2,951,106.99. The trade was a 3.30 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is owned by company 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.