LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Sold by Angeles Wealth Management LLC

Angeles Wealth Management LLC cut its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 34.9% during the fourth quarter, Holdings Channel reports. The firm owned 7,322 shares of the company’s stock after selling 3,930 shares during the quarter. Angeles Wealth Management LLC’s holdings in LiveRamp were worth $222,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in RAMP. American Capital Management Inc. increased its position in shares of LiveRamp by 46.7% during the third quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock worth $71,312,000 after acquiring an additional 916,578 shares during the period. Tributary Capital Management LLC purchased a new stake in LiveRamp during the 4th quarter worth about $15,251,000. Assenagon Asset Management S.A. raised its position in LiveRamp by 111.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock valued at $13,857,000 after purchasing an additional 294,743 shares in the last quarter. Invenomic Capital Management LP boosted its stake in shares of LiveRamp by 257.7% in the 3rd quarter. Invenomic Capital Management LP now owns 337,574 shares of the company’s stock valued at $8,365,000 after buying an additional 243,198 shares during the period. Finally, 272 Capital LP acquired a new position in shares of LiveRamp during the third quarter worth about $3,914,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Stock Up 0.9 %

Shares of NYSE RAMP opened at $35.57 on Tuesday. The stock has a market cap of $2.34 billion, a PE ratio of 3,556.50 and a beta of 0.96. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $39.07. The business has a 50-day moving average price of $31.94 and a 200 day moving average price of $28.14.

LiveRamp (NYSE:RAMP) last announced its earnings results on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. Sell-side analysts anticipate that LiveRamp Holdings, Inc. will post 0.36 earnings per share for the current year.

Analyst Ratings Changes

RAMP has been the topic of several analyst reports. Morgan Stanley raised their target price on shares of LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. StockNews.com raised LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Benchmark reaffirmed a “buy” rating and set a $42.00 price target on shares of LiveRamp in a report on Tuesday, February 4th. Evercore ISI raised their target price on LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $43.00 price target on shares of LiveRamp in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.33.

LiveRamp Profile

LiveRamp Holdings, Inc, a technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally. The company operates LiveRamp Data Collaboration platform enables an organization to unify customer and prospect data to build a single view of the customer in a way that protects consumer privacy.