New Age Alpha Advisors LLC Acquires 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 acquired a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 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).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RAMP. Quarry LP raised its stake in shares of LiveRamp by 344.4% in the 4th 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. boosted its holdings in shares of LiveRamp by 63.0% in the 1st quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock valued at $67,000 after buying an additional 989 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in LiveRamp by 97.0% during the 4th quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company's stock worth $121,000 after purchasing an additional 1,963 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of LiveRamp in the 4th quarter worth $206,000. Finally, Summit Investment Advisors Inc. increased its holdings in LiveRamp by 7.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,906 shares of the company's stock valued at $210,000 after acquiring an additional 462 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company's stock.

Insiders Place Their Bets

In other LiveRamp news, CTO Mohsin Hussain sold 17,529 shares of LiveRamp stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total transaction of $578,457.00. Following the sale, the chief technology officer owned 79,616 shares in the company, valued at $2,627,328. The trade was a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy R. Cadogan sold 2,500 shares of LiveRamp 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 sale, the director owned 55,470 shares in the company, valued at $1,885,980. This represents a 4.31% decrease in their position. The disclosure for this sale can be found here. 3.31% of the stock is owned by insiders.

LiveRamp Stock Up 1.1%

RAMP stock traded up $0.29 during midday trading on Tuesday, hitting $26.05. 198,689 shares of the company traded hands, compared to its average volume of 564,201. LiveRamp Holdings, Inc. has a twelve month low of $21.96 and a twelve month high of $36.08. The business has a 50 day simple moving average of $32.28 and a 200-day simple moving average of $30.12. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 118.19 and a beta of 1.00.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $191.22 million. During the same period in the prior year, the business earned $0.35 earnings per share. LiveRamp's revenue for the quarter was up 10.7% compared to the same quarter last year. Equities research analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Wall Street Analyst Weigh In

RAMP has been the topic of a number of recent research reports. Evercore ISI reaffirmed an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. Benchmark restated a "buy" rating and issued a $51.00 price target (up previously from $48.00) on shares of LiveRamp in a research note on Tuesday, August 5th. DA Davidson assumed coverage on shares of LiveRamp in a research note on Wednesday, July 9th. They issued a "buy" rating and a $45.00 price target for the company. Wells Fargo & Company boosted their target price on shares of LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research note on Thursday, May 22nd. Finally, Morgan Stanley reduced their price target on shares of LiveRamp from $34.00 to $30.00 and set an "equal weight" rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $40.83.

About LiveRamp

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.