LiveRamp Holdings, Inc. $RAMP Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp reduced its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 63.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 45,322 shares of the company’s stock after selling 79,981 shares during the period. King Luther Capital Management Corp’s holdings in LiveRamp were worth $1,230,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Headlands Technologies LLC bought a new stake in shares of LiveRamp in the second quarter worth $31,000. Strs Ohio acquired a new position in LiveRamp during the 1st quarter worth $31,000. Parkside Financial Bank & Trust increased its position in shares of LiveRamp by 18.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 3,080 shares of the company’s stock worth $84,000 after purchasing an additional 487 shares during the last quarter. Prudent Man Advisors LLC bought a new stake in shares of LiveRamp in the 2nd quarter worth about $208,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of LiveRamp by 14.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,602 shares of the company’s stock valued at $179,000 after purchasing an additional 809 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Stock Up 1.2%

RAMP opened at $25.61 on Friday. The company’s 50-day moving average price is $26.48 and its 200 day moving average price is $27.46. LiveRamp Holdings, Inc. has a fifty-two week low of $21.71 and a fifty-two week high of $35.20. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 24.16 and a beta of 1.13.

LiveRamp (NYSE:RAMP) last posted its earnings results on Thursday, February 5th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. The company 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 revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 earnings per share. Research analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

LiveRamp announced that its board has initiated a share repurchase plan on Thursday, February 12th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 13.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RAMP. Benchmark decreased their price target on LiveRamp from $53.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Zacks Research downgraded LiveRamp from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Morgan Stanley lifted their target price on LiveRamp from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 13th. Cross Research set a $53.00 price target on LiveRamp in a report on Tuesday, November 4th. Finally, Wells Fargo & Company upped their price target on LiveRamp from $34.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, LiveRamp currently has an average rating of “Hold” and a consensus price target of $39.40.

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.