Jennison Associates LLC Makes New Investment in LiveRamp Holdings, Inc. (NYSE:RAMP)

Jennison Associates LLC bought a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) in the 4th quarter, HoldingsChannel.com reports. The fund bought 363,641 shares of the company’s stock, valued at approximately $13,775,000.

Several other large investors have also recently made changes to their positions in RAMP. Vanguard Group Inc. grew its holdings in LiveRamp by 3.8% in the third quarter. Vanguard Group Inc. now owns 8,139,409 shares of the company’s stock valued at $234,741,000 after purchasing an additional 296,586 shares during the period. Assenagon Asset Management S.A. increased its holdings in LiveRamp by 0.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 724,495 shares of the company’s stock worth $20,894,000 after acquiring an additional 6,577 shares in the last quarter. Northern Trust Corp raised its position in LiveRamp by 2.5% during the third quarter. Northern Trust Corp now owns 707,479 shares of the company’s stock worth $20,404,000 after acquiring an additional 16,974 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in LiveRamp during the third quarter valued at $12,742,000. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of LiveRamp by 78.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 270,055 shares of the company’s stock valued at $7,788,000 after purchasing an additional 118,819 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. StockNews.com upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 16th. Benchmark reiterated a “buy” rating and set a $51.00 price target on shares of LiveRamp in a research report on Monday, March 4th. Craig Hallum increased their price objective on LiveRamp from $42.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, Susquehanna lifted their target price on shares of LiveRamp from $45.00 to $50.00 and gave the stock a “positive” rating in a research note on Friday, February 9th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $47.75.

LiveRamp Stock Down 1.1 %

Shares of RAMP opened at $32.00 on Friday. LiveRamp Holdings, Inc. has a 52-week low of $22.63 and a 52-week high of $42.66. The stock has a fifty day simple moving average of $34.34 and a two-hundred day simple moving average of $34.57.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.05. The firm had revenue of $173.87 million during the quarter, compared to analysts’ expectations of $174.00 million. LiveRamp had a negative net margin of 2.22% and a positive return on equity of 1.57%. As a group, research analysts predict that LiveRamp Holdings, Inc. will post 0.64 EPS for the current fiscal year.

Insider Activity

In other LiveRamp news, Director Timothy R. Cadogan sold 1,500 shares of LiveRamp stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $37.00, for a total value of $55,500.00. Following the sale, the director now owns 51,016 shares in the company, valued at $1,887,592. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.93% of the company’s stock.

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.