21,947 Shares in LiveRamp Holdings, Inc. $RAMP Purchased by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC purchased a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,947 shares of the company’s stock, valued at approximately $582,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RAMP. Lido Advisors LLC increased its position in LiveRamp by 4.8% during the 4th quarter. Lido Advisors LLC now owns 9,418 shares of the company’s stock valued at $261,000 after purchasing an additional 429 shares during the period. Central Pacific Bank Trust Division lifted its position in shares of LiveRamp by 4.8% in the 4th 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 period. Engineers Gate Manager LP lifted its position in shares of LiveRamp by 0.5% in the 2nd 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 period. US Bancorp DE boosted its stake in shares of LiveRamp by 8.8% during the third quarter. US Bancorp DE now owns 6,944 shares of the company’s stock valued at $188,000 after purchasing an additional 564 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of LiveRamp by 63.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock valued at $44,000 after purchasing an additional 583 shares in the last quarter. 93.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

LiveRamp Stock Performance

NYSE:RAMP opened at $37.70 on Friday. LiveRamp Holdings, Inc. has a fifty-two week low of $21.71 and a fifty-two week high of $37.92. The stock has a market capitalization of $2.27 billion, a P/E ratio of 16.54 and a beta of 1.27. The company’s 50-day simple moving average is $35.15 and its 200-day simple moving average is $29.80.

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

About LiveRamp

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.