New Age Alpha Advisors LLC Buys Shares of 68,075 LiveRamp Holdings, Inc. (NYSE:RAMP)

Key Points

• New Age Alpha Advisors LLC has made a new investment of $1.78 million in LiveRamp Holdings, acquiring 68,075 shares, which represents 0.10% of the company's stock.
• Analysts have mixed views on LiveRamp, with recent upgrades from brokerages such as Benchmark and Wall Street Zen, while the stock has an average rating of "Moderate Buy" with an average price target of $41.71.
• LiveRamp reported a 10.7% year-over-year revenue growth, achieving $194.82 million during its latest quarter and exceeding analysts' earnings expectations.

New Age Alpha Advisors LLC bought a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 68,075 shares of the company's stock, valued at approximately $1,779,000. New Age Alpha Advisors LLC owned approximately 0.10% of LiveRamp as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of RAMP. Jefferies Financial Group Inc. lifted its position in shares of LiveRamp by 211.4% in the first quarter. Jefferies Financial Group Inc. now owns 24,910 shares of the company's stock worth $651,000 after buying an additional 16,910 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of LiveRamp by 21.6% in the 1st quarter. Mackenzie Financial Corp now owns 143,300 shares of the company's stock valued at $3,746,000 after purchasing an additional 25,479 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of LiveRamp by 10.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,361 shares of the company's stock worth $480,000 after buying an additional 1,710 shares during the period. Angeles Wealth Management LLC raised its holdings in shares of LiveRamp by 62.6% in the first quarter. Angeles Wealth Management LLC now owns 11,902 shares of the company's stock worth $311,000 after buying an additional 4,580 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in shares of LiveRamp by 46.2% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 11,074 shares of the company's stock worth $289,000 after buying an additional 3,500 shares during the period. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at LiveRamp

In other news, Director Timothy R. Cadogan sold 2,500 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $34.00, for a total transaction of $85,000.00. Following the completion of the sale, the director directly owned 55,470 shares in the company, valued at $1,885,980. This represents a 4.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CTO Mohsin Hussain sold 17,529 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total transaction of $578,457.00. Following the completion of the transaction, the chief technology officer directly owned 79,616 shares of the company's stock, valued at approximately $2,627,328. The trade was a 18.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.31% of the company's stock.

LiveRamp Stock Performance

Shares of RAMP traded down $0.50 during midday trading on Monday, hitting $25.96. 598,775 shares of the stock were exchanged, compared to its average volume of 563,188. The firm has a market cap of $1.70 billion, a P/E ratio of 118.05 and a beta of 1.00. The stock has a fifty day simple moving average of $32.41 and a 200 day simple moving average of $30.18. LiveRamp Holdings, Inc. has a 52-week low of $21.62 and a 52-week high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. LiveRamp had a return on equity of 2.21% and a net margin of 1.89%. The company had revenue of $194.82 million for the quarter, compared to analysts' expectations of $191.22 million. During the same period last year, the firm earned $0.35 earnings per share. LiveRamp's quarterly revenue was up 10.7% on a year-over-year basis. As a group, equities research analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on RAMP. Benchmark restated a "buy" rating and set a $51.00 price objective (up from $48.00) on shares of LiveRamp in a report on Tuesday, August 5th. Wall Street Zen raised LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. DA Davidson initiated coverage on LiveRamp in a research report on Wednesday, July 9th. They issued a "buy" rating and a $45.00 price objective for the company. Wells Fargo & Company raised their price objective on LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Finally, Morgan Stanley lifted their price target on LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $41.50.

LiveRamp Company 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.