LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 2,715.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,888 shares of the company's stock after buying an additional 46,187 shares during the period. GAMMA Investing LLC owned about 0.07% of LiveRamp worth $1,252,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in RAMP. Central Pacific Bank Trust Division increased its holdings in LiveRamp by 24.6% during the 1st quarter. Central Pacific Bank Trust Division now owns 8,985 shares of the company's stock worth $235,000 after purchasing an additional 1,775 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of LiveRamp during the fourth quarter worth about $243,000. Mackenzie Financial Corp grew its position in shares of LiveRamp by 44.6% during the fourth quarter. Mackenzie Financial Corp now owns 117,821 shares of the company's stock worth $3,578,000 after buying an additional 36,360 shares in the last quarter. Woodline Partners LP purchased a new stake in shares of LiveRamp during the fourth quarter worth approximately $359,000. Finally, Two Sigma Advisers LP raised its holdings in LiveRamp by 28.6% in the fourth quarter. Two Sigma Advisers LP now owns 11,700 shares of the company's stock valued at $355,000 after acquiring an additional 2,600 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RAMP has been the subject of several analyst reports. Wall Street Zen upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Evercore ISI reaffirmed an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. Benchmark reissued a "buy" rating and issued a $48.00 target price (up previously from $45.00) on shares of LiveRamp in a report on Thursday, May 22nd. Morgan Stanley lifted their price target on LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Finally, Wells Fargo & Company increased their price objective on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $40.67.

Insider Activity

In related news, CTO Mohsin Hussain sold 17,529 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $33.00, for a total value of $578,457.00. Following the transaction, the chief technology officer now owns 79,616 shares in the company, valued at $2,627,328. The trade was a 18.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 3.39% of the company's stock.

LiveRamp Stock Down 4.2%

RAMP traded down $1.33 during trading on Thursday, hitting $30.09. 703,691 shares of the stock were exchanged, compared to its average volume of 627,048. The firm has a market capitalization of $1.96 billion, a P/E ratio of -3,009.00 and a beta of 1.01. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $36.08. The stock has a fifty day moving average price of $29.08 and a two-hundred day moving average price of $29.86.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.01). The business 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%. The business's revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 earnings per share. Analysts predict that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

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.