OP Asset Management Ltd bought a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP – Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 21,030 shares of the company’s stock, valued at approximately $558,000.
Other hedge funds also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. acquired a new position in shares of LiveRamp in the fourth quarter valued at approximately $55,256,000. Boston Partners lifted its stake in shares of LiveRamp by 56.6% during the third quarter. Boston Partners now owns 1,269,623 shares of the company’s stock valued at $34,746,000 after buying an additional 459,094 shares during the period. 4D Advisors LLC acquired a new stake in LiveRamp during the third quarter worth approximately $5,428,000. Invenomic Capital Management LP boosted its position in LiveRamp by 61.4% during the third quarter. Invenomic Capital Management LP now owns 469,766 shares of the company’s stock worth $12,749,000 after acquiring an additional 178,799 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in LiveRamp by 11.3% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,431,189 shares of the company’s stock worth $42,034,000 after acquiring an additional 145,745 shares during the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
RAMP has been the subject of several analyst reports. Craig Hallum downgraded LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target for the company. in a report on Tuesday, May 19th. Morgan Stanley set a $38.50 price objective on LiveRamp in a report on Friday, May 22nd. DA Davidson downgraded LiveRamp from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $35.00 to $38.50 in a research report on Monday, May 18th. Evercore started coverage on LiveRamp in a research note on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 target price for the company. Finally, Weiss Ratings downgraded LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $40.21.
LiveRamp Stock Performance
LiveRamp stock opened at $37.63 on Wednesday. LiveRamp Holdings, Inc. has a 1 year low of $21.71 and a 1 year high of $37.92. The firm has a 50 day moving average price of $34.65 and a 200 day moving average price of $29.64. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 16.51 and a beta of 1.27.
LiveRamp (NYSE:RAMP – Get Free Report) last posted its quarterly earnings results on Monday, May 18th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $206.09 million for the quarter, compared to the consensus estimate of $205.49 million. LiveRamp had a net margin of 17.95% and a return on equity of 8.28%. LiveRamp’s revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share. Sell-side analysts predict that LiveRamp Holdings, Inc. will post 2.07 EPS for the current 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.
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