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

Newport Trust Company LLC lessened its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 586,716 shares of the company’s stock after selling 28,963 shares during the quarter. Newport Trust Company LLC owned approximately 0.92% of LiveRamp worth $17,232,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in RAMP. Central Pacific Bank Trust Division raised its holdings in LiveRamp by 4.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 10,169 shares of the company’s stock worth $299,000 after purchasing an additional 470 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in LiveRamp by 18.8% during 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. Engineers Gate Manager LP raised its holdings in LiveRamp by 0.5% during the 2nd quarter. Engineers Gate Manager LP now owns 113,424 shares of the company’s stock worth $3,748,000 after purchasing an additional 561 shares during the last quarter. US Bancorp DE raised its holdings in LiveRamp by 8.8% during the 3rd quarter. US Bancorp DE now owns 6,944 shares of the company’s stock worth $188,000 after purchasing an additional 564 shares during the last quarter. Finally, Bronte Capital Management Pty Ltd. raised its holdings in LiveRamp by 0.3% during the 4th quarter. Bronte Capital Management Pty Ltd. now owns 231,994 shares of the company’s stock worth $6,814,000 after purchasing an additional 599 shares during the last quarter. Institutional investors own 93.83% of the company’s stock.

LiveRamp Trading Up 0.3%

NYSE RAMP opened at $37.84 on Friday. The company has a fifty day simple moving average of $28.75 and a 200 day simple moving average of $27.96. LiveRamp Holdings, Inc. has a 12-month low of $21.71 and a 12-month high of $37.91. The company has a market cap of $2.39 billion, a P/E ratio of 16.59 and a beta of 1.19.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Sunday, May 17th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. LiveRamp had a net margin of 17.95% and a return on equity of 8.33%. The business had revenue of $206.09 million during the quarter, compared to the consensus estimate of $205.49 million. During the same quarter last year, the firm posted $0.30 EPS. LiveRamp’s revenue was up 9.2% compared to the same quarter last year. Sell-side analysts predict that LiveRamp Holdings, Inc. will post 2.07 EPS for the current year.

LiveRamp declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 12th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 13.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Benchmark lowered their price target on shares of LiveRamp from $53.00 to $38.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. Wells Fargo & Company raised their price target on shares of LiveRamp from $34.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of LiveRamp in a report on Friday, March 27th. Evercore assumed coverage on shares of LiveRamp in a report on Tuesday, March 24th. They set an “outperform” rating and a $37.00 price target for the company. Finally, DA Davidson lowered shares of LiveRamp from a “buy” rating to a “neutral” rating and raised their price target for the stock from $35.00 to $38.50 in a report on Monday. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average 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.