LiveRamp Holdings, Inc. $RAMP Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 15.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,708 shares of the company’s stock after selling 22,540 shares during the quarter. Federated Hermes Inc.’s holdings in LiveRamp were worth $3,385,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of RAMP. Tributary Capital Management LLC increased its position in LiveRamp by 134.0% during the 3rd quarter. Tributary Capital Management LLC now owns 1,059,040 shares of the company’s stock worth $28,742,000 after purchasing an additional 606,389 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in LiveRamp by 32.3% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,285,444 shares of the company’s stock worth $34,887,000 after buying an additional 313,868 shares during the period. Assenagon Asset Management S.A. increased its position in shares of LiveRamp by 170.1% in 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 in the last quarter. Marshall Wace LLP increased its holdings in LiveRamp by 366.7% in the 2nd quarter. Marshall Wace LLP now owns 343,282 shares of the company’s stock valued at $11,342,000 after purchasing an additional 269,719 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in LiveRamp by 26.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 658,895 shares of the company’s stock valued at $21,770,000 after purchasing an additional 139,020 shares during the period. 93.83% of the stock is owned by institutional investors and hedge funds.

LiveRamp Stock Performance

Shares of RAMP opened at $22.51 on Wednesday. LiveRamp Holdings, Inc. has a one year low of $22.32 and a one year high of $36.08. The stock has a 50-day moving average price of $27.86 and a 200 day moving average price of $28.23. The company has a market capitalization of $1.43 billion, a P/E ratio of 36.90 and a beta of 1.13.

LiveRamp (NYSE:RAMP) last announced its earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. The company had revenue of $199.83 million for the quarter, compared to analyst estimates of $197.31 million. LiveRamp had a return on equity of 4.44% and a net margin of 5.15%.LiveRamp’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 EPS. As a group, equities research analysts forecast that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company upped their target price on LiveRamp from $31.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of LiveRamp in a research report on Monday, December 29th. Benchmark lowered their price objective on shares of LiveRamp from $53.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday. Cross Research set a $53.00 price objective on shares of LiveRamp in a research note on Tuesday, November 4th. Finally, Zacks Research cut shares of LiveRamp from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $41.33.

LiveRamp Company 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.