LiveRamp Holdings, Inc. $RAMP Shares Acquired by Stanley Laman Group Ltd.

Key Points

• Stanley Laman Group Ltd. increased its stake in LiveRamp by 21.0% during Q2, owning 135,800 shares valued at approximately $4.49 million.
• LiveRamp reported earnings of $0.44 per share for the last quarter, surpassing expectations, with revenue rising 10.7% year-over-year.
• Institutional investors hold approximately 93.83% of LiveRamp's stock, indicating significant interest from major financial players.

Stanley Laman Group Ltd. grew its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 21.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,800 shares of the company's stock after buying an additional 23,527 shares during the period. Stanley Laman Group Ltd. owned 0.21% of LiveRamp worth $4,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of LiveRamp by 2.9% during the first quarter. Principal Financial Group Inc. now owns 380,060 shares of the company's stock worth $9,935,000 after purchasing an additional 10,624 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of LiveRamp by 101.5% during the 1st quarter. AQR Capital Management LLC now owns 229,244 shares of the company's stock worth $5,869,000 after purchasing an additional 115,464 shares during the period. Blue Trust Inc. grew its holdings in LiveRamp by 63.0% in the first quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock valued at $67,000 after purchasing an additional 989 shares during the period. Voya Investment Management LLC raised its holdings in shares of LiveRamp by 38.3% in the 1st quarter. Voya Investment Management LLC now owns 65,840 shares of the company's stock worth $1,721,000 after purchasing an additional 18,222 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of LiveRamp in the first quarter worth about $543,000. Institutional investors and hedge funds own 93.83% of the company's stock.

LiveRamp Stock Performance

RAMP opened at $27.32 on Friday. The firm has a market cap of $1.79 billion, a PE ratio of 124.16 and a beta of 0.90. The firm's fifty day moving average is $27.25 and its two-hundred day moving average is $29.08. LiveRamp Holdings, Inc. has a twelve month low of $22.82 and a twelve month high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the company posted $0.35 earnings per share. LiveRamp's revenue was up 10.7% on a year-over-year basis. Equities analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on RAMP shares. Zacks Research raised shares of LiveRamp from a "strong sell" rating to a "hold" rating in a research report on Friday, October 10th. Weiss Ratings restated a "hold (c-)" rating on shares of LiveRamp in a report on Wednesday, October 8th. Benchmark reiterated a "buy" rating and issued a $51.00 target price (up from $48.00) on shares of LiveRamp in a report on Tuesday, August 5th. Morgan Stanley lowered their price objective 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. Finally, Wall Street Zen upgraded LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $40.83.

Insider Activity at LiveRamp

In other LiveRamp news, CTO Mohsin Hussain sold 12,734 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $27.94, for a total transaction of $355,787.96. Following the sale, the chief technology officer owned 63,409 shares of the company's stock, valued at approximately $1,771,647.46. The trade was a 16.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.