LiveRamp Holdings, Inc. $RAMP Stock Holdings Decreased by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd cut its LiveRamp stake by 32.2% in the second quarter, selling 46,767 shares and retaining 98,672 shares worth approximately $3.7 million.
• Institutional ownership remains high at 93.83%, with BlackRock initiating a roughly $381.3 million position and California State Teachers Retirement System increasing its holdings by more than 3,000%.
• 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 maintain a consensus “Hold” rating with an average price target of $40.21.

WINTON GROUP Ltd lowered its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 32.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,672 shares of the company's stock after selling 46,767 shares during the quarter. WINTON GROUP Ltd owned 0.16% of LiveRamp worth $3,714,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new position in LiveRamp during the 2nd quarter worth approximately $381,301,000. California State Teachers Retirement System lifted its holdings in shares of LiveRamp by 3,175.9% in the second quarter. California State Teachers Retirement System now owns 2,630,396 shares of the company's stock valued at $99,008,000 after purchasing an additional 2,550,101 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of LiveRamp in the fourth quarter worth $55,256,000. Jupiter Topco LLC acquired a new stake in shares of LiveRamp in the second quarter worth $45,420,000. Finally, Hsbc Holdings PLC purchased a new position in shares of LiveRamp during the second quarter valued at $25,058,000. Hedge funds and other institutional investors own 93.83% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on RAMP shares. Morgan Stanley set a $38.50 price target on LiveRamp in a research report on Friday, May 22nd. DA Davidson restated a "neutral" rating on shares of LiveRamp in a research report on Tuesday, August 11th. Weiss Ratings raised LiveRamp from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. Finally, Craig Hallum downgraded LiveRamp from a "buy" rating to a "hold" rating and set a $38.50 target price on the stock. in a report on Tuesday, May 19th. Two equities research 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 company presently has a consensus rating of "Hold" and an average price target of $40.21.

LiveRamp Trading Down 0.0%

NYSE RAMP opened at $37.74 on Friday. LiveRamp Holdings, Inc. has a 1-year low of $21.71 and a 1-year high of $38.23. The company has a market capitalization of $2.29 billion, a PE ratio of 15.47 and a beta of 1.25. The firm's fifty day simple moving average is $37.77 and its 200-day simple moving average is $33.72.

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

LiveRamp Company Profile

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company's core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp's platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.

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