UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Position in LiveRamp Holdings, Inc. $RAMP

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 11.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 113,520 shares of the company’s stock after selling 14,617 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in LiveRamp were worth $4,273,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in RAMP. BlackRock Inc. acquired a new stake in shares of LiveRamp in the second quarter worth $381,301,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of LiveRamp in the 4th quarter valued at about $55,256,000. Jupiter Topco LLC purchased a new stake in shares of LiveRamp in the second quarter worth about $45,420,000. Hsbc Holdings PLC purchased a new stake in shares of LiveRamp in the second quarter worth about $25,058,000. Finally, Assenagon Asset Management S.A. acquired a new stake in LiveRamp during the second quarter worth about $21,862,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

LiveRamp Price Performance

Shares of NYSE:RAMP opened at $37.74 on Thursday. The business’s 50 day moving average price is $37.77 and its 200-day moving average price is $33.63. LiveRamp Holdings, Inc. has a 1 year low of $21.71 and a 1 year high of $38.23. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 15.47 and a beta of 1.25.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. The company had revenue of $213.99 million during the quarter, compared to analyst estimates of $211.45 million. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 EPS. On average, sell-side analysts expect that LiveRamp Holdings, Inc. will post 2.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on RAMP shares. Craig Hallum lowered shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 target price for the company. in a report on Tuesday, May 19th. DA Davidson reissued a “neutral” rating on shares of LiveRamp in a research note on Tuesday, August 11th. Weiss Ratings upgraded LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Finally, Morgan Stanley set a $38.50 target price on LiveRamp in a research report on Friday, May 22nd. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.21.

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.