AQR Capital Management LLC Has $5.87 Million Holdings in LiveRamp Holdings, Inc. $RAMP

Key Points

• AQR Capital Management LLC increased its stake in LiveRamp Holdings by 101.5%, now owning 229,244 shares valued at approximately $5.87 million.
• Multiple institutional investors, such as State of Wyoming and CWM LLC, have also recently entered or expanded their positions in LiveRamp, totaling 93.83% institutional ownership.
• Despite a recent earnings beat with a 10.7% year-over-year revenue increase, analysts exhibit mixed sentiments, with ratings ranging from "strong sell" to "strong buy" and an average price target of $40.83.

AQR Capital Management LLC grew its stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 101.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 229,244 shares of the company's stock after purchasing an additional 115,464 shares during the period. AQR Capital Management LLC owned about 0.35% of LiveRamp worth $5,869,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Wyoming acquired a new stake in LiveRamp in the 1st quarter worth $49,000. Blue Trust Inc. grew its position in LiveRamp by 63.0% in 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 during the last quarter. Jump Financial LLC acquired a new stake in LiveRamp in the 1st quarter worth $209,000. Sherbrooke Park Advisers LLC acquired a new stake in LiveRamp in the 4th quarter worth $211,000. Finally, CWM LLC grew its position in LiveRamp by 248.4% in the 1st quarter. CWM LLC now owns 8,305 shares of the company's stock worth $217,000 after purchasing an additional 5,921 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

LiveRamp Trading Up 1.4%

RAMP stock traded up $0.38 during trading on Thursday, hitting $27.16. 411,342 shares of the stock traded hands, compared to its average volume of 608,613. 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 $1.78 billion, a price-to-earnings ratio of 123.46 and a beta of 0.92. The company has a 50 day simple moving average of $29.19 and a 200 day simple moving average of $29.00.

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. DA Davidson assumed coverage on shares of LiveRamp in a research report on Wednesday, July 9th. They issued a "buy" rating and a $45.00 price target on the stock. Wells Fargo & Company raised their price objective 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. Wall Street Zen raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. Benchmark reaffirmed a "buy" rating and set a $51.00 price objective (up from $48.00) on shares of LiveRamp in a report on Tuesday, August 5th. Finally, Morgan Stanley reduced their price objective on shares of LiveRamp from $34.00 to $30.00 and set an "equal weight" rating for the company in a report on Tuesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, LiveRamp has an average rating of "Hold" and an average target price of $40.83.

Insider Activity

In other LiveRamp news, CTO Mohsin Hussain sold 12,734 shares of the firm's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $27.94, for a total value of $355,787.96. Following the completion of the sale, the chief technology officer owned 63,409 shares in the company, valued at approximately $1,771,647.46. This trade represents a 16.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Timothy R. Cadogan sold 2,500 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $34.00, for a total transaction of $85,000.00. Following the completion of the sale, the director owned 55,470 shares of the company's stock, valued at $1,885,980. The trade was a 4.31% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.31% of the company's stock.

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.