GAMMA Investing LLC Increases Stock Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

GAMMA Investing LLC increased its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 2,715.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,888 shares of the company's stock after acquiring an additional 46,187 shares during the quarter. GAMMA Investing LLC owned about 0.07% of LiveRamp worth $1,252,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. First Horizon Advisors Inc. acquired a new position in LiveRamp in the fourth quarter valued at approximately $38,000. Quarry LP raised 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. Smartleaf Asset Management LLC lifted its position in LiveRamp by 477.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock valued at $49,000 after buying an additional 1,332 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in LiveRamp by 101.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company's stock worth $62,000 after buying an additional 1,027 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of LiveRamp by 97.0% during the fourth quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company's stock valued at $121,000 after acquiring an additional 1,963 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company's stock.

LiveRamp Trading Down 1.0%

NYSE:RAMP traded down $0.32 during mid-day trading on Tuesday, hitting $31.41. The stock had a trading volume of 594,234 shares, compared to its average volume of 628,279. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $36.08. The stock has a 50-day simple moving average of $28.90 and a two-hundred day simple moving average of $29.85. The company has a market capitalization of $2.04 billion, a PE ratio of 176.28 and a beta of 1.01.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.01). The firm had revenue of $188.72 million during the quarter, compared to analyst estimates of $185.41 million. LiveRamp had a negative net margin of 0.11% and a positive return on equity of 1.33%. LiveRamp's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 earnings per share. Sell-side analysts predict that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Insider Activity at LiveRamp

In related news, CTO Mohsin Hussain sold 17,529 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total value of $578,457.00. Following the completion of the sale, the chief technology officer now owns 79,616 shares in the company, valued at $2,627,328. This represents a 18.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.39% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on RAMP shares. Wells Fargo & Company increased their target price on LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. Evercore ISI reissued an "underperform" rating on shares of LiveRamp in a research 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. Morgan Stanley increased their target price on shares of LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Finally, Benchmark reissued a "buy" rating and issued a $48.00 price target (up previously from $45.00) on shares of LiveRamp in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $40.67.

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.