Verition Fund Management LLC acquired a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP – Get Rating) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 33,704 shares of the company's stock, valued at approximately $870,000. Verition Fund Management LLC owned approximately 0.05% of LiveRamp as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in LiveRamp by 0.8% during the first quarter. Vanguard Group Inc. now owns 6,682,001 shares of the company's stock valued at $249,840,000 after purchasing an additional 51,639 shares in the last quarter. RGM Capital LLC lifted its position in LiveRamp by 6.2% in the 2nd quarter. RGM Capital LLC now owns 3,138,906 shares of the company's stock worth $81,015,000 after buying an additional 184,517 shares during the last quarter. Capital International Investors lifted its position in LiveRamp by 8.7% in the 1st quarter. Capital International Investors now owns 3,065,422 shares of the company's stock worth $114,616,000 after buying an additional 244,405 shares during the last quarter. Lazard Asset Management LLC boosted its stake in LiveRamp by 13.9% in the first quarter. Lazard Asset Management LLC now owns 2,883,554 shares of the company's stock worth $107,815,000 after buying an additional 351,876 shares in the last quarter. Finally, State Street Corp grew its position in LiveRamp by 5.2% during the second quarter. State Street Corp now owns 2,286,093 shares of the company's stock valued at $59,004,000 after acquiring an additional 113,073 shares during the last quarter. 96.59% of the stock is owned by institutional investors.
Get LiveRamp alerts:Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on RAMP shares. Morgan Stanley cut their price objective on shares of LiveRamp from $32.00 to $29.00 and set an "overweight" rating for the company in a research note on Wednesday, November 9th. Susquehanna Bancshares decreased their price objective on LiveRamp from $45.00 to $30.00 in a report on Wednesday, November 9th. Craig Hallum dropped their target price on LiveRamp from $30.00 to $25.00 in a report on Wednesday, November 9th. Susquehanna decreased their price target on LiveRamp from $45.00 to $30.00 in a research note on Wednesday, November 9th. Finally, StockNews.com initiated coverage on LiveRamp in a research note on Wednesday, October 12th. They set a "buy" rating for the company. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $38.00.
LiveRamp Stock Down 0.2 %
Shares of LiveRamp stock opened at $21.85 on Thursday. The business has a 50 day moving average of $20.19 and a 200 day moving average of $21.40. LiveRamp Holdings, Inc. has a 52 week low of $15.37 and a 52 week high of $51.08. The company has a market cap of $1.45 billion, a PE ratio of -14.47 and a beta of 1.12.LiveRamp (NYSE:RAMP – Get Rating) last issued its quarterly earnings data on Tuesday, November 8th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.12. The business had revenue of $147.10 million during the quarter, compared to analyst estimates of $144.11 million. LiveRamp had a negative net margin of 17.92% and a negative return on equity of 4.83%. On average, research analysts anticipate that LiveRamp Holdings, Inc. will post -0.46 earnings per share for the current year.
Insiders Place Their Bets
In other news, CTO Mohsin Hussain sold 7,332 shares of the stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $22.12, for a total value of $162,183.84. Following the completion of the transaction, the chief technology officer now owns 112,988 shares of the company's stock, valued at approximately $2,499,294.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.01% of the company's stock.
LiveRamp Company Profile
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LiveRamp Holdings, Inc, a technology company, provides enterprise data connectivity platform solutions in the United States, Europe, and the Asia-Pacific. The company offers RampID, a true people-based identifier; Safe Haven, an enterprise data enablement platform; LiveRamp Data Marketplace, a solution that seamlessly connects data owners' audience data across the marketing ecosystem; and AbiliTec, an offline identity resolution platform.
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