Man Group plc Purchases Shares of 40,000 LiveRamp Holdings, Inc. $RAMP

Key Points

• Man Group plc acquired 40,000 LiveRamp shares in the second quarter, valued at approximately $1.5 million, while institutional investors collectively own 93.83% of the company.
• Analysts maintain a consensus “Hold” rating on LiveRamp, with an average price target of $40.21; the stock recently opened at $37.79.
• LiveRamp exceeded quarterly expectations, reporting $0.65 in EPS versus a $0.58 estimate and $213.99 million in revenue, up 9.9% year over year.

Man Group plc purchased a new position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 40,000 shares of the company's stock, valued at approximately $1,506,000. Man Group plc owned approximately 0.07% of LiveRamp as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in RAMP. BlackRock Inc. bought a new stake in shares of LiveRamp in the second quarter worth about $381,301,000. Fuller & Thaler Asset Management Inc. bought a new position in LiveRamp during the fourth quarter valued at approximately $55,256,000. Jupiter Topco LLC purchased a new position in LiveRamp during the 2nd quarter valued at approximately $45,420,000. Hsbc Holdings PLC purchased a new position in LiveRamp during the 2nd quarter valued at approximately $25,058,000. Finally, Assenagon Asset Management S.A. bought a new stake in LiveRamp in the 2nd quarter worth approximately $21,862,000. Institutional investors own 93.83% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RAMP. Weiss Ratings raised LiveRamp from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Morgan Stanley set a $38.50 target price on shares of LiveRamp in a report on Friday, May 22nd. Craig Hallum cut shares of LiveRamp from a "buy" rating to a "hold" rating and set a $38.50 price target on the stock. in a research report on Tuesday, May 19th. Finally, DA Davidson reaffirmed a "neutral" rating on shares of LiveRamp in a research note on Tuesday, August 11th. Two research 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, LiveRamp has a consensus rating of "Hold" and a consensus price target of $40.21.

LiveRamp Price Performance

Shares of NYSE RAMP opened at $37.79 on Thursday. The business's 50 day moving average is $37.75 and its two-hundred day moving average is $33.18. LiveRamp Holdings, Inc. has a 1-year low of $21.71 and a 1-year high of $38.23. The stock has a market capitalization of $2.30 billion, a P/E ratio of 15.49 and a beta of 1.25.

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

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