OMERS ADMINISTRATION Corp Takes $20.21 Million Position in LiveRamp Holdings, Inc. $RAMP

Key Points

• OMERS Administration Corp acquired 536,900 LiveRamp shares valued at approximately $20.21 million, giving it an 0.88% stake. Institutional investors collectively own 93.83% of the company.
• LiveRamp reported quarterly EPS of $0.65, exceeding estimates of $0.58, while revenue reached $213.99 million and increased 9.9% year over year.
• Analysts maintain a predominantly cautious view, with a consensus “Hold” rating and an average price target of $40.21; the stock recently opened at $37.64.

OMERS ADMINISTRATION Corp purchased a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 536,900 shares of the company's stock, valued at approximately $20,209,000. OMERS ADMINISTRATION Corp owned about 0.88% of LiveRamp at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Headlands Technologies LLC purchased a new stake in LiveRamp during the second quarter worth about $31,000. Sound Income Strategies LLC boosted its stake in LiveRamp by 769.1% in the first quarter. Sound Income Strategies LLC now owns 1,069 shares of the company's stock valued at $28,000 after acquiring an additional 946 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of LiveRamp by 197.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company's stock valued at $32,000 after acquiring an additional 727 shares during the period. Strs Ohio bought a new position in shares of LiveRamp during the 1st quarter valued at approximately $31,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of LiveRamp by 63.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company's stock worth $44,000 after purchasing an additional 583 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RAMP has been the topic of several research analyst reports. Morgan Stanley set a $38.50 price objective on LiveRamp in a research note on Friday, May 22nd. Weiss Ratings raised LiveRamp from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. DA Davidson restated a "neutral" rating on shares of LiveRamp in a research note on Tuesday, August 11th. Finally, Craig Hallum cut 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. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $40.21.

LiveRamp Stock Up 0.2%

RAMP opened at $37.64 on Monday. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 15.43 and a beta of 1.29. The firm has a 50-day moving average price of $37.73 and a 200-day moving average price of $32.36. LiveRamp Holdings, Inc. has a twelve month low of $21.71 and a twelve month high of $38.23.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.07. The company had revenue of $213.99 million for the quarter, compared to analysts' expectations of $211.45 million. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%. LiveRamp's revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.44 EPS. On average, sell-side analysts expect that LiveRamp Holdings, Inc. will post 2.04 earnings per share for the current fiscal 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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