LiveRamp Holdings, Inc. $RAMP Shares Acquired by AQR Capital Management LLC

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 increased its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 101.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 229,244 shares of the company's stock after buying an additional 115,464 shares during the quarter. AQR Capital Management LLC owned 0.35% of LiveRamp worth $5,869,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of RAMP. State of Wyoming purchased a new position in shares of LiveRamp during the first quarter valued at $49,000. Blue Trust Inc. grew its holdings in shares of LiveRamp by 63.0% during the first quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock valued at $67,000 after buying an additional 989 shares in the last quarter. Jump Financial LLC purchased a new position in shares of LiveRamp during the first quarter valued at $209,000. Sherbrooke Park Advisers LLC purchased a new position in shares of LiveRamp during the fourth quarter valued at $211,000. Finally, CWM LLC grew its holdings in shares of LiveRamp by 248.4% during the first quarter. CWM LLC now owns 8,305 shares of the company's stock valued at $217,000 after buying an additional 5,921 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company's stock.

Insider Transactions at LiveRamp

In other LiveRamp news, Director Timothy R. Cadogan sold 2,500 shares of the business's stock in a transaction dated 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 owned 55,470 shares of the company's stock, valued at $1,885,980. The trade was a 4.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Mohsin Hussain sold 12,734 shares of the business's stock in a transaction dated Monday, September 8th. The stock was 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 directly owned 63,409 shares of the company's stock, valued at $1,771,647.46. This represents a 16.72% decrease in their position. The disclosure for this sale can be found here. 3.31% of the stock is owned by insiders.

Wall Street Analyst Weigh In

RAMP has been the topic of a number of research analyst reports. Zacks Research downgraded LiveRamp from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. Morgan Stanley lowered their price target on LiveRamp from $34.00 to $30.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 12th. Wall Street Zen upgraded LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Saturday. Benchmark reiterated a "buy" rating and set a $51.00 price target (up previously from $48.00) on shares of LiveRamp in a report on Tuesday, August 5th. Finally, Wells Fargo & Company boosted their target price on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research note on Thursday, May 22nd. Three investment 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, LiveRamp presently has a consensus rating of "Hold" and an average price target of $40.83.

LiveRamp Price Performance

Shares of NYSE RAMP opened at $26.42 on Friday. The business's 50-day moving average price is $29.75 and its two-hundred day moving average price is $29.08. LiveRamp Holdings, Inc. has a one year low of $22.82 and a one year high of $36.08. The company has a market capitalization of $1.73 billion, a P/E ratio of 120.07 and a beta of 0.92.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.44 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 firm had revenue of $194.82 million for the quarter, compared to the consensus estimate of $191.22 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The business's quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

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.

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