LiveRamp Holdings, Inc. $RAMP Position Cut by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP cut its LiveRamp stake by 71.4% in the second quarter, selling 27,515 shares and retaining 11,020 shares valued at approximately $415,000.
• LiveRamp reported quarterly EPS of $0.65, beating estimates of $0.58, while revenue rose 9.9% year over year to $213.99 million. Analysts expect full-year EPS of $2.04.
• LiveRamp shares opened at $37.48, near their 52-week high of $38.23. The stock carries a consensus “Hold” rating, with an average analyst price target of $40.21.

Engineers Gate Manager LP decreased its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 71.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,020 shares of the company's stock after selling 27,515 shares during the period. Engineers Gate Manager LP's holdings in LiveRamp were worth $415,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Nykredit A S acquired a new stake in shares of LiveRamp in the second quarter valued at $38,000. Sound Income Strategies LLC boosted its holdings in LiveRamp by 769.1% in the first quarter. Sound Income Strategies LLC now owns 1,069 shares of the company's stock valued at $28,000 after purchasing an additional 946 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of LiveRamp by 197.0% in the 4th quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company's stock valued at $32,000 after buying an additional 727 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of LiveRamp during the second quarter worth about $44,000. Finally, EverSource Wealth Advisors LLC grew its stake in LiveRamp by 63.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company's stock worth $44,000 after buying an additional 583 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

LiveRamp Stock Performance

Shares of LiveRamp stock opened at $37.48 on Friday. The company has a market cap of $2.28 billion, a P/E ratio of 15.36 and a beta of 1.25. LiveRamp Holdings, Inc. has a one year low of $21.71 and a one year high of $38.23. The firm has a fifty day moving average of $37.75 and a two-hundred day moving average of $34.43.

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

Analyst Upgrades and Downgrades

RAMP has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of LiveRamp from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. DA Davidson reaffirmed a "neutral" rating on shares of LiveRamp in a research report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $40.21.

LiveRamp Company Profile

LiveRamp Holdings, Inc provides data collaboration and identity solutions that help companies connect, organize and activate customer information across digital and offline marketing channels. Its platform is designed to support privacy-conscious data sharing while enabling businesses to create a more consistent understanding of customers and prospects.

The company's offerings include identity resolution, data onboarding, audience activation, data collaboration and marketing measurement tools.

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