Bridge City Capital LLC Takes Position in LiveRamp Holdings, Inc. $RAMP

Bridge City Capital LLC acquired a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 60,766 shares of the company’s stock, valued at approximately $1,785,000. Bridge City Capital LLC owned 0.10% of LiveRamp as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Lido Advisors LLC lifted its stake in LiveRamp by 4.8% during the fourth quarter. Lido Advisors LLC now owns 9,418 shares of the company’s stock worth $261,000 after purchasing an additional 429 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in LiveRamp by 4.8% during the fourth quarter. Central Pacific Bank Trust Division now owns 10,169 shares of the company’s stock worth $299,000 after purchasing an additional 470 shares during the last quarter. Engineers Gate Manager LP lifted its stake in LiveRamp by 0.5% during the second quarter. Engineers Gate Manager LP now owns 113,424 shares of the company’s stock worth $3,748,000 after purchasing an additional 561 shares during the last quarter. US Bancorp DE lifted its stake in LiveRamp by 8.8% during the third quarter. US Bancorp DE now owns 6,944 shares of the company’s stock worth $188,000 after purchasing an additional 564 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in LiveRamp by 63.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock worth $44,000 after purchasing an additional 583 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on RAMP shares. Morgan Stanley set a $38.50 target price on LiveRamp in a research note on Friday, May 22nd. DA Davidson cut LiveRamp from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $35.00 to $38.50 in a research note on Monday, May 18th. Evercore started coverage on LiveRamp in a research note on Tuesday, March 24th. They set an “outperform” rating and a $37.00 target price for the company. Craig Hallum cut LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 target price for the company. in a research note on Tuesday, May 19th. Finally, Weiss Ratings cut LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $40.21.

LiveRamp Stock Down 0.0%

RAMP opened at $37.60 on Friday. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 16.49 and a beta of 1.27. LiveRamp Holdings, Inc. has a 52 week low of $21.71 and a 52 week high of $37.92. The business’s 50 day moving average is $32.14 and its two-hundred day moving average is $28.93.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Monday, May 18th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $206.09 million for the quarter, compared to analyst estimates of $205.49 million. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. Equities analysts expect that LiveRamp Holdings, Inc. will post 2.07 EPS for the current fiscal year.

LiveRamp Profile

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.