JPMorgan Chase & Co. Sells 85,069 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

JPMorgan Chase & Co. lowered its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 10.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 720,039 shares of the company’s stock after selling 85,069 shares during the quarter. JPMorgan Chase & Co.’s holdings in LiveRamp were worth $17,843,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Arizona State Retirement System grew its holdings in LiveRamp by 2.9% during the 2nd quarter. Arizona State Retirement System now owns 18,528 shares of the company’s stock valued at $573,000 after buying an additional 523 shares in the last quarter. DT Investment Partners LLC increased its holdings in LiveRamp by 62.6% in the 3rd quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock valued at $35,000 after acquiring an additional 545 shares during the last quarter. Quarry LP lifted its stake in LiveRamp by 4,575.0% in the 2nd quarter. Quarry LP now owns 935 shares of the company’s stock worth $29,000 after purchasing an additional 915 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of LiveRamp by 0.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,059 shares of the company’s stock worth $4,041,000 after purchasing an additional 1,001 shares during the last quarter. Finally, Quest Partners LLC lifted its position in shares of LiveRamp by 68.8% in the second quarter. Quest Partners LLC now owns 2,998 shares of the company’s stock worth $93,000 after buying an additional 1,222 shares in the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

LiveRamp Stock Up 1.0 %

Shares of NYSE:RAMP opened at $30.28 on Friday. The business’s 50 day moving average is $30.00 and its 200 day moving average is $27.91. The stock has a market cap of $1.98 billion, a P/E ratio of 605.72 and a beta of 0.96. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $42.66.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.14. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The firm had revenue of $185.00 million during the quarter, compared to the consensus estimate of $176.16 million. During the same period in the previous year, the company posted $0.21 earnings per share. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. On average, sell-side analysts anticipate that LiveRamp Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wells Fargo & Company began coverage on LiveRamp in a research note on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price objective on the stock. Benchmark dropped their price objective on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Macquarie reiterated an “outperform” rating and issued a $43.00 price target on shares of LiveRamp in a research report on Thursday, November 7th. Finally, StockNews.com upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, LiveRamp has an average rating of “Buy” and an average target price of $41.14.

About LiveRamp

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.