Cwm LLC Increases Holdings in LiveRamp Holdings, Inc. $RAMP

Key Points

• Cwm LLC increased its holdings in LiveRamp Holdings, Inc. by 130.6% in Q2, acquiring a total of 19,152 shares valued at approximately $633,000.
• LiveRamp's recent earnings report showed an EPS of $0.44, beating analysts' expectations of $0.43, with quarterly revenue up 10.7% year-over-year.
• Brokerages have varied ratings for LiveRamp, with Wall Street Zen upgrading it to a "strong-buy" rating and an average target price of $40.83 from analysts.

Cwm LLC grew its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 130.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,152 shares of the company's stock after buying an additional 10,847 shares during the period. Cwm LLC's holdings in LiveRamp were worth $633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Strs Ohio acquired a new stake in shares of LiveRamp in the 1st quarter valued at about $31,000. State of Wyoming purchased a new stake in LiveRamp in the first quarter valued at approximately $49,000. Blue Trust Inc. lifted its stake 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 buying an additional 989 shares during the last quarter. Jump Financial LLC purchased a new stake in LiveRamp in the first quarter valued at approximately $209,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in LiveRamp in the first quarter valued at approximately $212,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

LiveRamp Trading Up 1.1%

NYSE:RAMP opened at $28.26 on Friday. The stock's 50 day simple moving average is $27.43 and its 200-day simple moving average is $29.16. The firm has a market cap of $1.85 billion, a P/E ratio of 128.45 and a beta of 0.90. LiveRamp Holdings, Inc. has a 12-month low of $22.82 and a 12-month high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last posted 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. The company had revenue of $194.82 million for the quarter, compared to the consensus estimate of $191.22 million. LiveRamp had a return on equity of 2.21% and a net margin of 1.89%.LiveRamp's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 earnings per share. Research analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on RAMP. Wall Street Zen upgraded LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 13th. Weiss Ratings reiterated a "hold (c-)" rating on shares of LiveRamp in a research note on Wednesday, October 8th. DA Davidson began coverage on LiveRamp in a research note on Wednesday, July 9th. They issued a "buy" rating and a $45.00 price objective for the company. Zacks Research upgraded LiveRamp from a "strong sell" rating to a "hold" rating in a research note on Friday, October 10th. Finally, Morgan Stanley reduced their price objective on LiveRamp from $34.00 to $30.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, LiveRamp currently has an average rating of "Hold" and an average target price of $40.83.

Insider Buying and Selling

In other LiveRamp news, CTO Mohsin Hussain sold 12,734 shares of the business's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $27.94, for a total transaction of $355,787.96. Following the sale, the chief technology officer directly owned 63,409 shares in the company, valued at approximately $1,771,647.46. The trade was a 16.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.31% of the company's stock.

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.

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