Capital Fund Management S.A. Boosts Stake in LiveRamp Holdings, Inc. $RAMP

Key Points

• Capital Fund Management S.A. significantly increased its holdings in LiveRamp Holdings by 237.9%, owning 63,314 shares worth $1.655 million at the end of the reporting period.
• LiveRamp recently reported earnings of $0.44 per share, exceeding analyst estimates, and showed a 10.7% year-over-year increase in quarterly revenue.
• Analysts have mixed ratings on LiveRamp, with target prices ranging from $30.00 to $51.00, reflecting varying opinions on the stock's performance.

Capital Fund Management S.A. increased its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 237.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,314 shares of the company's stock after purchasing an additional 44,578 shares during the period. Capital Fund Management S.A. owned 0.10% of LiveRamp worth $1,655,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RAMP. Quarry LP grew its holdings in LiveRamp by 344.4% in the 4th quarter. Quarry LP now owns 1,462 shares of the company's stock valued at $44,000 after buying an additional 1,133 shares during the period. Blue Trust Inc. grew its holdings in LiveRamp by 63.0% in the first quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock valued at $67,000 after purchasing an additional 989 shares during the period. Raymond James Financial Inc. purchased a new stake in LiveRamp in the fourth quarter valued at approximately $206,000. Sherbrooke Park Advisers LLC purchased a new stake in LiveRamp in the fourth quarter valued at approximately $211,000. Finally, CWM LLC grew its holdings in 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 purchasing an additional 5,921 shares during the period. Hedge funds and other institutional investors own 93.83% of the company's stock.

Analyst Upgrades and Downgrades

RAMP has been the subject of several research reports. 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 objective for the company. Wells Fargo & Company boosted their price target on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Wall Street Zen downgraded LiveRamp from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Zacks Research downgraded LiveRamp from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Finally, Morgan Stanley decreased their target price on LiveRamp from $34.00 to $30.00 and set an "equal weight" rating for the company in a report on Tuesday, August 12th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $40.83.

LiveRamp Stock Performance

LiveRamp stock traded up $0.29 during trading on Friday, reaching $27.91. 922,981 shares of the company's stock were exchanged, compared to its average volume of 783,536. The company's 50-day moving average is $30.85 and its two-hundred day moving average is $29.38. LiveRamp Holdings, Inc. has a 52-week low of $22.82 and a 52-week high of $36.08. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 126.86 and a beta of 0.92.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. LiveRamp had a return on equity of 2.21% and a net margin of 1.89%.The company had revenue of $194.82 million during the quarter, compared to the consensus estimate of $191.22 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. The company's revenue was up 10.7% compared to the same quarter last year. 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 company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $34.00, for a total value of $85,000.00. Following the completion of the transaction, the director owned 55,470 shares in the company, valued at $1,885,980. This represents a 4.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.31% of the stock is currently owned by corporate insiders.

LiveRamp 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.