Ieq Capital LLC Increases Stock Position in LiveRamp Holdings, Inc. $RAMP

Key Points

• Ieq Capital LLC increased its stake in LiveRamp Holdings by 156.1%, owning 27,610 shares valued at approximately $722,000 after purchasing additional shares in the first quarter.
• LiveRamp reported earnings per share (EPS) of $0.44, surpassing analyst estimates and marking a 10.7% increase in revenue year-over-year.
• Recent analyst ratings for LiveRamp have been mixed, with some upgrades and downgrades, resulting in an average rating of "Hold" and a consensus price target of $40.83.

Ieq Capital LLC raised its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 156.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,610 shares of the company's stock after buying an additional 16,828 shares during the quarter. Ieq Capital LLC's holdings in LiveRamp were worth $722,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of RAMP. Jump Financial LLC acquired a new stake in shares of LiveRamp in the first quarter valued at $209,000. Capital Fund Management S.A. raised its position in LiveRamp by 237.9% in the 1st quarter. Capital Fund Management S.A. now owns 63,314 shares of the company's stock valued at $1,655,000 after buying an additional 44,578 shares during the last quarter. American Century Companies Inc. increased its position in shares of LiveRamp by 126.2% during the 1st quarter. American Century Companies Inc. now owns 118,014 shares of the company's stock worth $3,085,000 after purchasing an additional 65,844 shares during the last quarter. Boston Partners increased its holdings in shares of LiveRamp by 15.3% during the 1st quarter. Boston Partners now owns 795,507 shares of the company's stock worth $20,664,000 after acquiring an additional 105,450 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of LiveRamp by 131.7% during the 1st quarter. Russell Investments Group Ltd. now owns 9,237 shares of the company's stock worth $241,000 after acquiring an additional 5,251 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

LiveRamp Trading Up 2.2%

Shares of LiveRamp stock traded up $0.61 on Friday, hitting $28.38. 958,995 shares of the company traded hands, compared to its average volume of 722,380. The stock's 50 day moving average price is $30.38 and its 200-day moving average price is $29.21. LiveRamp Holdings, Inc. has a 52 week low of $22.82 and a 52 week high of $36.08. The company has a market cap of $1.86 billion, a PE ratio of 128.99 and a beta of 0.92.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. The business 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%.The business's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 earnings per share. As a group, research analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. DA Davidson assumed coverage on LiveRamp in a research report on Wednesday, July 9th. They set a "buy" rating and a $45.00 price objective for the company. Wall Street Zen downgraded shares of LiveRamp from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 30th. Wells Fargo & Company boosted their target price on LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Benchmark restated a "buy" rating and set a $51.00 target price (up from $48.00) on shares of LiveRamp in a report on Tuesday, August 5th. Finally, Zacks Research lowered LiveRamp from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $40.83.

Insider Buying and Selling at LiveRamp

In other LiveRamp news, Director Timothy R. Cadogan sold 2,500 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $34.00, for a total value of $85,000.00. Following the completion of the sale, the director owned 55,470 shares in the company, valued at approximately $1,885,980. This represents a 4.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.31% of the stock is currently owned by company insiders.

About LiveRamp

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.