Carmignac Gestion Acquires Shares of 234,126 LiveRamp Holdings, Inc. $RAMP

Key Points

• Carmignac Gestion acquired 234,126 LiveRamp shares in the second quarter, worth approximately $8.8 million and representing about 0.39% of the company. Institutional investors collectively own 93.83% of LiveRamp.
• LiveRamp’s latest quarterly results exceeded expectations, with EPS of $0.65 versus the $0.58 consensus and revenue of $213.99 million, up 9.9% year over year.
• Shares recently traded near $37.76, close to their 52-week high, while analysts maintain a consensus “Hold” rating with an average price target of $40.21.

Carmignac Gestion acquired a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 234,126 shares of the company's stock, valued at approximately $8,813,000. Carmignac Gestion owned about 0.39% of LiveRamp as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. bought a new position in LiveRamp during the second quarter worth $381,301,000. Dimensional Fund Advisors LP lifted its stake in shares of LiveRamp by 15.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,772,213 shares of the company's stock worth $73,519,000 after buying an additional 365,894 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of LiveRamp by 3,175.9% during the 2nd quarter. California State Teachers Retirement System now owns 2,630,396 shares of the company's stock worth $99,008,000 after buying an additional 2,550,101 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of LiveRamp by 3.9% during the 4th quarter. Schroder Investment Management Group now owns 2,609,061 shares of the company's stock worth $77,750,000 after buying an additional 96,867 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of LiveRamp by 37.0% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,960,674 shares of the company's stock worth $51,997,000 after buying an additional 529,485 shares during the period. 93.83% of the stock is currently owned by institutional investors.

LiveRamp Stock Up 0.0%

Shares of RAMP traded up $0.01 during mid-day trading on Tuesday, hitting $37.76. 1,332,808 shares of the company's stock were exchanged, compared to its average volume of 1,103,959. LiveRamp Holdings, Inc. has a 52 week low of $21.71 and a 52 week high of $38.23. The stock's 50-day simple moving average is $37.77 and its 200-day simple moving average is $33.46. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 15.47 and a beta of 1.25.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. LiveRamp had a return on equity of 9.77% and a net margin of 18.71%.The business had revenue of $213.99 million for the quarter, compared to the consensus estimate of $211.45 million. During the same quarter in the prior year, the business posted $0.44 earnings per share. The firm's quarterly revenue was up 9.9% compared to the same quarter last year. Analysts forecast that LiveRamp Holdings, Inc. will post 2.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings raised shares of LiveRamp from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Morgan Stanley set a $38.50 target price on LiveRamp in a research report on Friday, May 22nd. Craig Hallum lowered LiveRamp from a "buy" rating to a "hold" rating and set a $38.50 target price on the stock. in a research note on Tuesday, May 19th. Finally, DA Davidson reissued a "neutral" rating on shares of LiveRamp in a report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $40.21.

LiveRamp Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.