SG Americas Securities LLC Buys New Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

SG Americas Securities LLC bought a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,783 shares of the company's stock, valued at approximately $543,000.

A number of other large investors have also added to or reduced their stakes in the company. Boston Partners grew its stake in LiveRamp by 109.4% during the 4th quarter. Boston Partners now owns 690,057 shares of the company's stock valued at $21,331,000 after purchasing an additional 360,440 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of LiveRamp by 30.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 984,040 shares of the company's stock valued at $29,885,000 after buying an additional 230,478 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of LiveRamp by 10.3% during the fourth quarter. Janus Henderson Group PLC now owns 1,798,198 shares of the company's stock worth $54,600,000 after buying an additional 168,418 shares in the last quarter. Norges Bank bought a new stake in shares of LiveRamp in the fourth quarter worth $5,057,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in LiveRamp by 43.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 508,186 shares of the company's stock valued at $15,434,000 after acquiring an additional 153,055 shares in 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 recent analyst reports. Wells Fargo & Company raised their price objective on shares of LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. Morgan Stanley increased their price target on shares of LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Benchmark reiterated a "buy" rating and issued a $48.00 price target (up from $45.00) on shares of LiveRamp in a research note on Thursday, May 22nd. Wall Street Zen raised LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, Evercore ISI reaffirmed an "underperform" rating on shares of LiveRamp in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, LiveRamp presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.67.

LiveRamp Stock Performance

Shares of NYSE RAMP traded up $0.29 during midday trading on Thursday, hitting $32.75. The company's stock had a trading volume of 361,905 shares, compared to its average volume of 623,249. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $36.08. The firm's fifty day moving average price is $29.87 and its 200-day moving average price is $29.87. The firm has a market cap of $2.13 billion, a P/E ratio of -3,275.40 and a beta of 1.01.

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

Insider Activity at LiveRamp

In related news, CTO Mohsin Hussain sold 17,529 shares of LiveRamp stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total value of $578,457.00. Following the sale, the chief technology officer now directly owns 79,616 shares in the company, valued at $2,627,328. This trade represents a 18.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.39% of the company's stock.

About LiveRamp

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.