Invenomic Capital Management LP Raises Position in LiveRamp Holdings, Inc. $RAMP

Key Points

• Invenomic Capital Management LP increased its stake in LiveRamp Holdings by 49.8%, owning approximately 570,710 shares valued at $14.9 million after purchasing an additional 189,690 shares.
• Recent analyst reports show mixed ratings for LiveRamp, with Zacks downgrading it to a "strong sell," while Benchmark issued a "buy" rating with a price target increase to $51.00.
• LiveRamp reported earnings of $0.44 EPS for the last quarter, slightly beating estimates, and had revenue of $194.82 million, marking a 10.7% increase year over year.

Invenomic Capital Management LP boosted its stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 49.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 570,710 shares of the company's stock after purchasing an additional 189,690 shares during the period. Invenomic Capital Management LP owned approximately 0.87% of LiveRamp worth $14,918,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of LiveRamp by 2.9% during the 1st quarter. Principal Financial Group Inc. now owns 380,060 shares of the company's stock valued at $9,935,000 after buying an additional 10,624 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of LiveRamp by 63.0% in the first quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock worth $67,000 after buying an additional 989 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of LiveRamp during the 1st quarter valued at approximately $543,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of LiveRamp by 4.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,557 shares of the company's stock worth $1,141,000 after purchasing an additional 1,766 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in LiveRamp by 2,715.3% during the first quarter. GAMMA Investing LLC now owns 47,888 shares of the company's stock worth $1,252,000 after acquiring an additional 46,187 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company's stock.

Insiders Place Their Bets

In other news, Director Timothy R. Cadogan sold 2,500 shares of LiveRamp stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $34.00, for a total transaction of $85,000.00. Following the sale, the director directly owned 55,470 shares of the company's stock, valued at approximately $1,885,980. This trade represents a 4.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

RAMP has been the topic of several recent research reports. Zacks Research downgraded shares of LiveRamp from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 19th. Benchmark reiterated a "buy" rating and issued a $51.00 price objective (up previously from $48.00) on shares of LiveRamp in a research note on Tuesday, August 5th. DA Davidson assumed coverage on shares of LiveRamp in a report on Wednesday, July 9th. They set a "buy" rating and a $45.00 target price for the company. Wells Fargo & Company lifted their price target on shares of LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. Finally, Morgan Stanley reduced their price target on shares of LiveRamp from $34.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 12th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $40.83.

LiveRamp Price Performance

Shares of RAMP stock opened at $27.72 on Friday. LiveRamp Holdings, Inc. has a one year low of $22.82 and a one year high of $36.08. The stock has a market cap of $1.82 billion, a P/E ratio of 126.02 and a beta of 0.92. The stock has a fifty day moving average price of $30.46 and a 200 day moving average price of $29.28.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. LiveRamp had a return on equity of 2.21% and a net margin of 1.89%.The business had revenue of $194.82 million for the quarter, compared to analyst estimates of $191.22 million. During the same quarter last year, the firm earned $0.35 EPS. LiveRamp's revenue for the quarter was up 10.7% compared to the same quarter last year. Equities research analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

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.

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