Squarepoint Ops LLC grew its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP – Free Report) by 3,382.3% in the 2nd quarter, Holdings Channel reports. The fund owned 325,735 shares of the company’s stock after purchasing an additional 316,381 shares during the quarter. Squarepoint Ops LLC’s holdings in LiveRamp were worth $12,261,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in shares of LiveRamp by 246.4% during the 1st quarter. Royal Bank of Canada now owns 19,726 shares of the company’s stock valued at $515,000 after purchasing an additional 14,031 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in LiveRamp in the 1st quarter valued at $212,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in LiveRamp by 1.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,234 shares of the company’s stock worth $999,000 after purchasing an additional 677 shares during the period. Goldman Sachs Group Inc. boosted its stake in LiveRamp by 6.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 377,443 shares of the company’s stock worth $9,866,000 after purchasing an additional 24,330 shares during the period. Finally, Caxton Associates LLP acquired a new position in LiveRamp in the 1st quarter worth $309,000. Institutional investors and hedge funds own 93.83% of the company’s stock.
Analysts Set New Price Targets
Several analysts have issued reports on RAMP shares. Craig Hallum downgraded LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target on the stock. in a research note on Tuesday, May 19th. Morgan Stanley set a $38.50 price objective on LiveRamp in a research report on Friday, May 22nd. DA Davidson reaffirmed a “neutral” rating on shares of LiveRamp in a research report on Tuesday, August 11th. Finally, Weiss Ratings raised LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $40.21.
LiveRamp Stock Up 0.0%
Shares of RAMP stock opened at $37.74 on Thursday. LiveRamp Holdings, Inc. has a 12 month low of $21.71 and a 12 month high of $38.23. The company’s fifty day simple moving average is $37.77 and its 200-day simple moving average is $33.63. The firm has a market cap of $2.29 billion, a PE ratio of 15.47 and a beta of 1.25.
LiveRamp (NYSE:RAMP – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%. The business had revenue of $213.99 million during the quarter, compared to the consensus estimate of $211.45 million. During the same quarter last year, the firm earned $0.44 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities analysts predict that LiveRamp Holdings, Inc. will post 2.04 earnings per share for the current fiscal year.
LiveRamp Company 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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