KBC Group NV Acquires 103,087 Shares of LiveRamp Holdings, Inc. $RAMP

KBC Group NV grew its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP – Free Report) by 4,170.2% in the first quarter, Holdings Channel reports. The firm owned 105,559 shares of the company’s stock after acquiring an additional 103,087 shares during the period. KBC Group NV’s holdings in LiveRamp were worth $2,799,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its stake in shares of LiveRamp by 769.1% during the first quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock valued at $28,000 after buying an additional 946 shares during the period. Headlands Technologies LLC purchased a new stake in LiveRamp in the second quarter worth about $31,000. Strs Ohio bought a new position in LiveRamp during the 1st quarter worth about $31,000. Hantz Financial Services Inc. grew its holdings in LiveRamp by 197.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock worth $32,000 after acquiring an additional 727 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in LiveRamp by 63.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock valued at $44,000 after purchasing an additional 583 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

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LiveRamp Price Performance

LiveRamp stock opened at $37.67 on Friday. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 16.52 and a beta of 1.27. LiveRamp Holdings, Inc. has a 1-year low of $21.71 and a 1-year high of $38.23. The business has a fifty day moving average price of $37.67 and a 200-day moving average price of $30.67.

LiveRamp (NYSE:RAMP – Get Free Report) last announced its earnings results on Monday, May 18th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.The firm had revenue of $206.09 million for the quarter, compared to the consensus estimate of $205.49 million. During the same period in the previous year, the business earned $0.30 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, equities research analysts anticipate that LiveRamp Holdings, Inc. will post 2.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on RAMP. Weiss Ratings downgraded shares of LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. DA Davidson lowered LiveRamp from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $35.00 to $38.50 in a research report on Monday, May 18th. Morgan Stanley set a $38.50 price objective on LiveRamp in a research note on Friday, May 22nd. Finally, Craig Hallum downgraded LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price objective on the stock. in a research report on Tuesday, May 19th. Two equities research 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.com, the company presently has an average rating of “Hold” and a consensus price target of $40.21.

Read Our Latest Stock Report on RAMP

LiveRamp Profile

(Free Report)

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.

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