BlackRock Inc. acquired a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,130,201 shares of the company's stock, valued at approximately $381,301,000. BlackRock Inc. owned 16.66% of LiveRamp as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Headlands Technologies LLC acquired a new position in LiveRamp in the second quarter valued at approximately $31,000. Sound Income Strategies LLC grew its stake in shares of LiveRamp by 769.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,069 shares of the company's stock worth $28,000 after purchasing an additional 946 shares during the period. Hantz Financial Services Inc. grew its stake in shares of LiveRamp by 197.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company's stock worth $32,000 after purchasing an additional 727 shares during the period. Strs Ohio purchased a new position in shares of LiveRamp during the 1st quarter valued at approximately $31,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of LiveRamp by 63.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company's stock valued at $44,000 after purchasing an additional 583 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company's stock.
LiveRamp Price Performance
Shares of RAMP stock opened at $37.70 on Wednesday. LiveRamp Holdings, Inc. has a 1-year low of $21.71 and a 1-year high of $38.23. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 15.45 and a beta of 1.29. The stock has a 50 day simple moving average of $37.74 and a 200-day simple moving average of $32.57.
LiveRamp (NYSE:RAMP - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.07. The firm had revenue of $213.99 million for the quarter, compared to analysts' expectations of $211.45 million. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%. The firm's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. Analysts anticipate that LiveRamp Holdings, Inc. will post 2.04 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages recently issued reports on RAMP. Weiss Ratings raised shares of LiveRamp from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Craig Hallum cut shares of LiveRamp from a "buy" rating to a "hold" rating and set a $38.50 price objective for the company. in a report on Tuesday, May 19th. Morgan Stanley set a $38.50 price objective on shares of LiveRamp in a research report on Friday, May 22nd. Finally, DA Davidson reissued a "neutral" rating on shares of LiveRamp in a research note 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $40.21.
Get Our Latest Analysis on RAMP
LiveRamp Profile
(
Free Report)
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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