Hsbc Holdings PLC Takes Position in LiveRamp Holdings, Inc. $RAMP

Key Points

• HSBC Holdings PLC acquired 666,613 LiveRamp shares worth approximately $25.1 million, representing a 1.10% stake. Institutional investors collectively own 93.83% of the company.
• Analysts maintain a cautious outlook, with two Buy ratings and six Hold ratings producing a consensus rating of “Hold” and an average price target of $40.21.
• LiveRamp recently exceeded quarterly expectations, reporting $0.65 in EPS versus $0.58 expected and revenue of $213.99 million. Revenue increased 9.9% year over year, while shares opened at $37.77.

Hsbc Holdings PLC acquired a new position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 666,613 shares of the company's stock, valued at approximately $25,058,000. Hsbc Holdings PLC owned 1.10% of LiveRamp at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of RAMP. Headlands Technologies LLC bought a new stake in LiveRamp in the 2nd quarter valued at approximately $31,000. Sound Income Strategies LLC grew its stake in shares of LiveRamp by 769.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,069 shares of the company's stock worth $28,000 after acquiring an additional 946 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of LiveRamp by 197.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company's stock worth $32,000 after acquiring an additional 727 shares in the last quarter. Strs Ohio acquired a new stake in shares of LiveRamp in the first quarter valued at approximately $31,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of LiveRamp by 63.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company's stock valued at $44,000 after purchasing an additional 583 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RAMP has been the subject of several recent research reports. Weiss Ratings upgraded 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 price target on shares of LiveRamp in a research report on Friday, May 22nd. DA Davidson restated a "neutral" rating on shares of LiveRamp in a research note on Tuesday, August 11th. Finally, Craig Hallum cut LiveRamp from a "buy" rating to a "hold" rating and set a $38.50 price objective for the company. in a report on Tuesday, May 19th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, LiveRamp currently has a consensus rating of "Hold" and a consensus target price of $40.21.

LiveRamp Stock Up 0.4%

Shares of LiveRamp stock opened at $37.77 on Friday. The stock has a market cap of $2.30 billion, a P/E ratio of 15.48 and a beta of 1.29. LiveRamp Holdings, Inc. has a 12-month low of $21.71 and a 12-month high of $38.23. The business's 50 day moving average is $37.74 and its 200-day moving average is $32.78.

LiveRamp (NYSE:RAMP - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. The business had revenue of $213.99 million during the quarter, compared to analysts' expectations of $211.45 million. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%. The firm's revenue was up 9.9% on a year-over-year basis. During the same period last year, the business earned $0.44 earnings per share. On average, sell-side analysts expect that LiveRamp Holdings, Inc. will post 2.04 EPS for the current year.

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.

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