LiveRamp Holdings, Inc. $RAMP Stock Holdings Lifted by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 1,404.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 666,613 shares of the company's stock after acquiring an additional 622,316 shares during the quarter. Hsbc Holdings PLC owned 1.10% of LiveRamp worth $25,058,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Mint Tower Capital Management B.V. purchased a new position in LiveRamp during the 2nd quarter worth approximately $290,000. Public Employees Retirement System of Ohio purchased a new stake in shares of LiveRamp in the second quarter valued at $44,000. PenderFund Capital Management Ltd. acquired a new stake in shares of LiveRamp in the second quarter worth $365,000. Corient Private Wealth LP acquired a new stake in shares of LiveRamp in the second quarter worth $644,000. Finally, Bank of America Corp DE purchased a new position in shares of LiveRamp during the second quarter valued at $10,993,000. Hedge funds and other institutional investors own 93.83% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings raised LiveRamp from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. DA Davidson restated a "neutral" rating on shares of LiveRamp in a report on Tuesday, August 11th. Morgan Stanley set a $38.50 price target on shares of LiveRamp in a report on Friday, May 22nd. Finally, Craig Hallum downgraded shares of LiveRamp from a "buy" rating to a "hold" rating and set a $38.50 price objective on the stock. in a research report on Tuesday, May 19th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $40.21.

LiveRamp Stock Up 0.0%

NYSE RAMP opened at $37.76 on Wednesday. The stock has a market capitalization of $2.30 billion, a PE ratio of 15.47 and a beta of 1.25. The company has a 50 day moving average price of $37.77 and a two-hundred day moving average price of $33.55. LiveRamp Holdings, Inc. has a 12-month low of $21.71 and a 12-month high of $38.23.

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

About LiveRamp

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.