Y Intercept Hong Kong Ltd Has $522,000 Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Key Points

• Y Intercept Hong Kong Ltd reduced its stake in LiveRamp Holdings by 35.3%, holding 19,978 shares valued at $522,000 after selling 10,906 shares in the first quarter.
• LiveRamp reported earnings of $0.30 per share for the last quarter, missing estimates by $0.01, although revenue increased by 9.8% year-over-year.
• Analysts maintain a consensus rating of "Moderate Buy" for LiveRamp, with a target price averaging $41.29 per share among seven analysts.

Y Intercept Hong Kong Ltd reduced its position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 35.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,978 shares of the company's stock after selling 10,906 shares during the period. Y Intercept Hong Kong Ltd's holdings in LiveRamp were worth $522,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Quarry LP grew 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 last quarter. Blue Trust Inc. grew its holdings in shares of LiveRamp by 63.0% during the 1st quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock worth $67,000 after purchasing an additional 989 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of LiveRamp by 97.0% during the 4th quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company's stock worth $121,000 after purchasing an additional 1,963 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of LiveRamp during the 4th quarter worth approximately $206,000. Finally, Polymer Capital Management US LLC acquired a new stake in shares of LiveRamp during the 4th quarter worth approximately $208,000. Institutional investors and hedge funds own 93.83% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on RAMP shares. DA Davidson started coverage on LiveRamp in a research note on Wednesday, July 9th. They issued a "buy" rating and a $45.00 price objective on the stock. Morgan Stanley boosted their price objective on LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. Evercore ISI restated 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 research report on Tuesday, April 22nd. Finally, 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 research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $41.29.

LiveRamp Stock Down 0.7%

Shares of NYSE:RAMP traded down $0.25 during mid-day trading on Thursday, reaching $33.01. 101,495 shares of the stock were exchanged, compared to its average volume of 550,683. The company has a market cap of $2.15 billion, a P/E ratio of -3,299.50 and a beta of 1.01. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $36.08. The stock's 50 day simple moving average is $32.59 and its 200-day simple moving average is $30.24.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). The company had revenue of $188.72 million for 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 for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the company posted $0.25 earnings per share. Analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Timothy R. Cadogan sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $34.00, for a total value of $85,000.00. Following the completion of the sale, the director directly owned 55,470 shares of the company's stock, valued at $1,885,980. This trade represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CTO Mohsin Hussain sold 17,529 shares of LiveRamp 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 transaction, the chief technology officer directly owned 79,616 shares of the company's stock, valued at $2,627,328. This represents a 18.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.31% of the company's stock.

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.