LiveRamp Holdings, Inc. $RAMP Shares Acquired by Capital Fund Management S.A.

Capital Fund Management S.A. increased its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 82.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 115,741 shares of the company’s stock after acquiring an additional 52,427 shares during the period. Capital Fund Management S.A.’s holdings in LiveRamp were worth $3,824,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strs Ohio acquired a new position in LiveRamp during the first quarter worth $31,000. State of Wyoming purchased a new stake in shares of LiveRamp during the first quarter worth about $49,000. Prudent Man Advisors LLC acquired a new position in shares of LiveRamp during the 2nd quarter worth about $208,000. Jump Financial LLC acquired a new position in shares of LiveRamp during the 1st quarter worth about $209,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in LiveRamp in the 1st quarter valued at about $212,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Stock Performance

Shares of LiveRamp stock opened at $28.98 on Wednesday. The business’s 50 day moving average price is $28.25 and its 200 day moving average price is $29.66. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 131.75 and a beta of 1.01. LiveRamp Holdings, Inc. has a one year low of $22.82 and a one year high of $36.08.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.07. The firm had revenue of $199.83 million during the quarter, compared to analysts’ expectations of $197.31 million. LiveRamp had a net margin of 1.89% and a return on equity of 2.21%. LiveRamp’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business earned $0.51 earnings per share. On average, analysts predict that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Insider Buying and Selling at LiveRamp

In related news, CTO Mohsin Hussain sold 12,734 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $27.94, for a total transaction of $355,787.96. Following the completion of the transaction, the chief technology officer owned 63,409 shares of the company’s stock, valued at approximately $1,771,647.46. This trade represents a 16.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of LiveRamp in a research note on Monday. Morgan Stanley boosted their price target on LiveRamp from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 13th. Wells Fargo & Company raised their price objective on LiveRamp from $31.00 to $34.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. Wall Street Zen raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Finally, Cross Research set a $53.00 target price on shares of LiveRamp in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $43.50.

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.