AlphaQuest LLC Has $231,000 Position in LiveRamp Holdings, Inc. $RAMP

Key Points

• AlphaQuest LLC has significantly reduced its holdings in LiveRamp Holdings, Inc. by 75.9%, now owning 8,837 shares valued at approximately $231,000.
• Wall Street analysts have issued mixed ratings for LiveRamp, with significant downgrades including a drop from "strong-buy" to "buy," reflecting cautious sentiment in the face of a current average price target of $40.83.
• LiveRamp reported positive earnings, beating estimates with $0.44 earnings per share and 10.7% year-over-year revenue growth, indicating a resilient performance despite market fluctuations.

AlphaQuest LLC lessened its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 75.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,837 shares of the company's stock after selling 27,825 shares during the quarter. AlphaQuest LLC's holdings in LiveRamp were worth $231,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Quarry LP increased its stake in shares of LiveRamp by 344.4% during the fourth quarter. Quarry LP now owns 1,462 shares of the company's stock valued at $44,000 after acquiring an additional 1,133 shares during the period. Blue Trust Inc. increased its stake 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 acquiring an additional 989 shares during the period. Raymond James Financial Inc. acquired a new position in shares of LiveRamp during the fourth quarter valued at approximately $206,000. Sherbrooke Park Advisers LLC acquired a new position in shares of LiveRamp during the fourth quarter valued at approximately $211,000. Finally, CWM LLC increased its stake 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 acquiring an additional 5,921 shares during the period. Institutional investors and hedge funds own 93.83% of the company's stock.

Insider Buying and Selling

In related news, Director Timothy R. Cadogan sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $34.00, for a total value of $85,000.00. Following the completion of the transaction, the director owned 55,470 shares of the company's stock, valued at approximately $1,885,980. This trade represents a 4.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.31% of the company's stock.

LiveRamp Stock Down 0.3%

NYSE:RAMP traded down $0.07 during trading hours on Wednesday, reaching $27.23. 173,548 shares of the company's stock were exchanged, compared to its average volume of 578,192. The business's 50-day simple moving average is $30.67 and its two-hundred day simple moving average is $29.33. LiveRamp Holdings, Inc. has a 12 month low of $22.82 and a 12 month high of $36.08. The company has a market capitalization of $1.79 billion, a P/E ratio of 123.71 and a beta of 0.92.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $191.22 million. During the same quarter last year, the business posted $0.35 EPS. The company's revenue was up 10.7% on a year-over-year basis. As a group, sell-side analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on RAMP. DA Davidson began coverage on shares of LiveRamp in a research note on Wednesday, July 9th. They set a "buy" rating and a $45.00 price objective on the stock. Wells Fargo & Company raised their target price 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. Zacks Research cut shares of LiveRamp from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. Morgan Stanley reduced their target price 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. Finally, Benchmark restated a "buy" rating and set a $51.00 target price (up from $48.00) on shares of LiveRamp in a report on Tuesday, August 5th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $40.83.

LiveRamp 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.