Pacer Advisors Inc. Buys 341,036 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Key Points

• Pacer Advisors Inc. significantly increased its stake in LiveRamp Holdings by 9,007.8%, acquiring a total of 344,822 shares valued at approximately $9,014,000 at the end of the first quarter.
• LiveRamp's stock recently traded at $32.81, with a market cap of $2.13 billion and a negative net margin of 0.11% reported in its latest quarterly earnings.
• Analysts have mixed opinions on LiveRamp, with ratings varying from a strong buy to an underperform, and an average target price of $41.29.

Pacer Advisors Inc. boosted its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 9,007.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 344,822 shares of the company's stock after acquiring an additional 341,036 shares during the quarter. Pacer Advisors Inc. owned approximately 0.52% of LiveRamp worth $9,014,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. raised its position in shares of LiveRamp by 7.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,906 shares of the company's stock valued at $210,000 after purchasing an additional 462 shares during the period. Azzad Asset Management Inc. ADV raised its position in shares of LiveRamp by 3.1% in the first quarter. Azzad Asset Management Inc. ADV now owns 22,870 shares of the company's stock valued at $598,000 after purchasing an additional 695 shares during the period. Blue Trust Inc. raised its position in shares of LiveRamp by 63.0% in the first quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock valued at $67,000 after purchasing an additional 989 shares during the period. Quarry LP raised its position in shares of LiveRamp by 344.4% in the fourth quarter. Quarry LP now owns 1,462 shares of the company's stock valued at $44,000 after purchasing an additional 1,133 shares during the period. Finally, Summit Trail Advisors LLC raised its position in shares of LiveRamp by 1.0% in the first quarter. Summit Trail Advisors LLC now owns 117,111 shares of the company's stock valued at $3,061,000 after purchasing an additional 1,187 shares during the period. Institutional investors own 93.83% of the company's stock.

LiveRamp Stock Down 0.4%

RAMP traded down $0.12 during trading on Thursday, reaching $33.14. 129,813 shares of the company's stock were exchanged, compared to its average volume of 550,991. LiveRamp Holdings, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $36.08. The business has a 50 day moving average price of $32.59 and a 200 day moving average price of $30.24. The company has a market capitalization of $2.15 billion, a P/E ratio of -3,315.00 and a beta of 1.01.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.01). LiveRamp had a positive return on equity of 1.33% and a negative net margin of 0.11%. The business had revenue of $188.72 million for the quarter, compared to analyst estimates of $185.41 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The firm's quarterly revenue was up 9.8% on a year-over-year basis. As a group, research analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RAMP. Wall Street Zen raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Evercore ISI reaffirmed an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. Morgan Stanley boosted their target price on shares of LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Benchmark reaffirmed a "buy" rating and set a $48.00 target price (up previously from $45.00) on shares of LiveRamp in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company boosted their target price on shares of LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $41.29.

Insider Activity

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

LiveRamp 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.