Pacer Advisors Inc. Cuts Position in LiveRamp Holdings, Inc. $RAMP

Pacer Advisors Inc. cut its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 22.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 197,154 shares of the company’s stock after selling 57,916 shares during the period. Pacer Advisors Inc.’s holdings in LiveRamp were worth $5,790,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

RAMP has been the subject of several research analyst reports. Weiss Ratings downgraded LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Evercore assumed coverage on LiveRamp in a report on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 target price on the stock. Craig Hallum cut LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target for the company. in a research report on Tuesday, May 19th. DA Davidson downgraded LiveRamp from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $35.00 to $38.50 in a research note on Monday, May 18th. Finally, Morgan Stanley set a $38.50 price objective on shares of LiveRamp in a research report on Friday, May 22nd. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $40.21.

LiveRamp Price Performance

Shares of LiveRamp stock opened at $37.60 on Tuesday. LiveRamp Holdings, Inc. has a 1 year low of $21.71 and a 1 year high of $37.92. The business has a 50 day moving average price of $33.41 and a 200 day moving average price of $29.29. The company has a market capitalization of $2.26 billion, a P/E ratio of 16.49 and a beta of 1.27.

LiveRamp (NYSE:RAMP) last announced its earnings results on Monday, May 18th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $206.09 million for the quarter, compared to analysts’ expectations of $205.49 million. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.LiveRamp’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS. As a group, research analysts expect that LiveRamp Holdings, Inc. will post 2.07 EPS for the current fiscal year.

LiveRamp 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.