Bailard Inc. Increases Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Bailard Inc. boosted its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 113.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,500 shares of the company's stock after acquiring an additional 12,500 shares during the period. Bailard Inc.'s holdings in LiveRamp were worth $614,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of RAMP. Summit Investment Advisors Inc. grew its stake in LiveRamp by 7.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,906 shares of the company's stock worth $210,000 after buying an additional 462 shares in the last quarter. Azzad Asset Management Inc. ADV grew its stake in LiveRamp by 3.1% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 22,870 shares of the company's stock worth $598,000 after buying an additional 695 shares in the last quarter. Blue Trust Inc. grew its stake in LiveRamp by 63.0% in the 1st quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock worth $67,000 after buying an additional 989 shares in the last quarter. Quarry LP grew its stake in LiveRamp by 344.4% in the 4th quarter. Quarry LP now owns 1,462 shares of the company's stock worth $44,000 after buying an additional 1,133 shares in the last quarter. Finally, Summit Trail Advisors LLC grew its stake in LiveRamp by 1.0% in the 1st quarter. Summit Trail Advisors LLC now owns 117,111 shares of the company's stock worth $3,061,000 after buying an additional 1,187 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on RAMP shares. DA Davidson started coverage on shares of LiveRamp in a report on Wednesday, July 9th. They issued a "buy" rating and a $45.00 price objective for the company. Evercore ISI restated an "underperform" rating on shares of LiveRamp in a report on Wednesday, April 16th. Wall Street Zen upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Benchmark reiterated a "buy" rating and set a $48.00 price target (up from $45.00) on shares of LiveRamp in a report on Thursday, May 22nd. Finally, Morgan Stanley upped their price target on shares of LiveRamp from $28.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $41.29.

LiveRamp Price Performance

LiveRamp stock traded up $0.02 during mid-day trading on Friday, reaching $33.12. 283,650 shares of the company traded hands, compared to its average volume of 608,144. The firm's 50 day moving average price is $31.98 and its 200 day moving average price is $30.08. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of -3,312.00 and a beta of 1.01. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $188.72 million for the quarter, compared to analysts' expectations of $185.41 million. LiveRamp had a negative net margin of 0.11% and a positive return on equity of 1.33%. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 earnings per share. On average, sell-side analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Insiders Place Their Bets

In other LiveRamp news, Director Timothy R. Cadogan sold 2,500 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $34.00, for a total transaction of $85,000.00. Following the transaction, the director directly owned 55,470 shares of the company's stock, valued at approximately $1,885,980. The trade was a 4.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Mohsin Hussain sold 17,529 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total transaction of $578,457.00. Following the transaction, the chief technology officer directly owned 79,616 shares in the company, valued at approximately $2,627,328. The trade was a 18.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.31% of the stock is currently 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.