20,783 Shares in LiveRamp Holdings, Inc. (NYSE:RAMP) Purchased by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 20,783 shares of the company's stock, valued at approximately $543,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of LiveRamp by 2,715.3% during the 1st quarter. GAMMA Investing LLC now owns 47,888 shares of the company's stock worth $1,252,000 after acquiring an additional 46,187 shares during the period. Central Pacific Bank Trust Division grew its holdings in shares of LiveRamp by 24.6% during the 1st quarter. Central Pacific Bank Trust Division now owns 8,985 shares of the company's stock worth $235,000 after acquiring an additional 1,775 shares during the period. Jefferies Financial Group Inc. purchased a new position in shares of LiveRamp during the 4th quarter worth approximately $243,000. Mackenzie Financial Corp grew its holdings in shares of LiveRamp by 44.6% during the 4th quarter. Mackenzie Financial Corp now owns 117,821 shares of the company's stock worth $3,578,000 after acquiring an additional 36,360 shares during the period. Finally, Woodline Partners LP purchased a new position in shares of LiveRamp during the 4th quarter worth approximately $359,000. Institutional investors own 93.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on RAMP shares. Morgan Stanley upped their price target on LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. Benchmark restated a "buy" rating and issued a $48.00 price target (up previously from $45.00) on shares of LiveRamp in a research note on Thursday, May 22nd. Evercore ISI restated an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. Wells Fargo & Company upped their price objective on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Finally, Wall Street Zen raised LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $40.67.

LiveRamp Stock Performance

Shares of NYSE RAMP traded up $1.60 during midday trading on Tuesday, hitting $32.96. 745,315 shares of the stock traded hands, compared to its average volume of 625,199. The firm has a 50-day moving average of $29.57 and a two-hundred day moving average of $29.85. The firm has a market capitalization of $2.14 billion, a P/E ratio of -3,295.80 and a beta of 1.01. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.01). LiveRamp had a positive return on equity of 1.33% and a negative net margin of 0.11%. The company had revenue of $188.72 million during the quarter, compared to the consensus estimate of $185.41 million. During the same period in the prior year, the business posted $0.25 earnings per share. LiveRamp's revenue for the quarter was up 9.8% compared to the same quarter last year. Equities analysts forecast that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CTO Mohsin Hussain sold 17,529 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $33.00, for a total transaction of $578,457.00. Following the completion of the transaction, the chief technology officer now owns 79,616 shares in the company, valued at $2,627,328. This trade represents a 18.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.39% of the stock is owned by insiders.

LiveRamp Company Profile

LiveRamp Holdings, Inc, a technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally. The company operates LiveRamp Data Collaboration platform enables an organization to unify customer and prospect data to build a single view of the customer in a way that protects consumer privacy.