Trexquant Investment LP Takes Position in LiveRamp Holdings, Inc. $RAMP

Key Points

• Trexquant Investment LP has purchased 69,884 shares of LiveRamp Holdings, Inc., representing a stake valued at approximately $1.83 million.
• Several other large institutional investors have also made significant changes to their positions in LiveRamp, with 93.83% of the stock owned by institutional investors.
• LiveRamp reported earnings of $0.44 per share, slightly exceeding analyst estimates, and its revenue increased by 10.7% compared to the previous year.

Trexquant Investment LP purchased a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 69,884 shares of the company's stock, valued at approximately $1,827,000. Trexquant Investment LP owned 0.11% of LiveRamp at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in RAMP. Blue Trust Inc. boosted its position in LiveRamp by 63.0% in the 1st quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock valued at $67,000 after buying an additional 989 shares during the period. Raymond James Financial Inc. purchased a new stake in LiveRamp in the fourth quarter valued at $206,000. Jump Financial LLC purchased a new stake in LiveRamp in the first quarter valued at $209,000. Sherbrooke Park Advisers LLC purchased a new stake in shares of LiveRamp in the fourth quarter valued at about $211,000. Finally, CWM LLC raised its holdings in shares of LiveRamp by 248.4% in the first quarter. CWM LLC now owns 8,305 shares of the company's stock valued at $217,000 after buying an additional 5,921 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Zacks Research lowered shares of LiveRamp from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 19th. Morgan Stanley lowered their price target on shares of LiveRamp from $34.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 12th. Benchmark reissued a "buy" rating and set a $51.00 price objective (up previously from $48.00) on shares of LiveRamp in a research note on Tuesday, August 5th. Wall Street Zen downgraded shares of LiveRamp from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 30th. Finally, DA Davidson initiated coverage on shares of LiveRamp in a research note on Wednesday, July 9th. They set a "buy" rating and a $45.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $40.83.

LiveRamp Trading Down 1.3%

NYSE:RAMP traded down $0.35 during mid-day trading on Tuesday, hitting $27.20. The stock had a trading volume of 300,257 shares, compared to its average volume of 583,572. LiveRamp Holdings, Inc. has a 52 week low of $22.82 and a 52 week high of $36.08. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 123.07 and a beta of 0.92. The company has a 50 day simple moving average of $30.27 and a 200-day simple moving average of $29.16.

LiveRamp (NYSE:RAMP - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. LiveRamp had a net margin of 1.89% and a return on equity of 2.21%. The business had revenue of $194.82 million for the quarter, compared to the consensus estimate of $191.22 million. During the same period in the previous year, the firm earned $0.35 EPS. The business's revenue for the quarter was up 10.7% on a year-over-year basis. As a group, equities research analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Insider Buying and Selling

In other LiveRamp news, Director Timothy R. Cadogan sold 2,500 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $34.00, for a total value of $85,000.00. Following the completion of the sale, the director directly owned 55,470 shares of the company's stock, valued at $1,885,980. This represents a 4.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Mohsin Hussain sold 12,734 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $27.94, for a total transaction of $355,787.96. Following the completion of the sale, the chief technology officer directly owned 63,409 shares of the company's stock, valued at approximately $1,771,647.46. This trade represents a 16.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.31% of the company's stock.

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.