LiveRamp Holdings, Inc. $RAMP Holdings Raised by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 57.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 259,945 shares of the company’s stock after buying an additional 95,135 shares during the period. Allianz Asset Management GmbH owned 0.40% of LiveRamp worth $7,055,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in shares of LiveRamp by 246.4% in the first quarter. Royal Bank of Canada now owns 19,726 shares of the company’s stock valued at $515,000 after acquiring an additional 14,031 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in LiveRamp during the 1st quarter valued at $212,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of LiveRamp by 1.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,234 shares of the company’s stock valued at $999,000 after purchasing an additional 677 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of LiveRamp by 6.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 377,443 shares of the company’s stock worth $9,866,000 after buying an additional 24,330 shares in the last quarter. Finally, Caxton Associates LLP acquired a new stake in shares of LiveRamp in the first quarter valued at $309,000. 93.83% of the stock is currently owned by institutional investors.

LiveRamp Trading Up 2.1%

Shares of RAMP stock opened at $23.69 on Tuesday. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 22.35 and a beta of 1.13. LiveRamp Holdings, Inc. has a 1-year low of $21.71 and a 1-year high of $35.87. The stock’s fifty day simple moving average is $27.39 and its 200-day simple moving average is $27.95.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $212.20 million during the quarter, compared to analyst estimates of $211.68 million. LiveRamp had a return on equity of 6.40% and a net margin of 8.64%.The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $0.55 EPS. On average, sell-side analysts predict that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on RAMP shares. Morgan Stanley boosted their price target on shares of LiveRamp from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of LiveRamp in a research report on Monday, December 29th. Benchmark cut their target price on LiveRamp from $53.00 to $38.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Cross Research set a $53.00 price target on LiveRamp in a research report on Tuesday, November 4th. Finally, Wells Fargo & Company lifted their price target on LiveRamp from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $39.40.

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.