PDT Partners LLC Purchases 10,740 Shares of LiveRamp Holdings, Inc. $RAMP

Key Points

• PDT Partners LLC increased its stake in LiveRamp Holdings, Inc. by 11.5%, now holding 104,500 shares worth approximately $2.73 million.
• LiveRamp reported $194.82 million in revenue for the most recent quarter, exceeding estimates and marking a 10.7% year-over-year increase.
• A range of brokerage firms have adjusted their ratings and price targets for LiveRamp, with a current average target price of $40.83 and a consensus rating of "Hold."

PDT Partners LLC boosted its position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 11.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,500 shares of the company's stock after purchasing an additional 10,740 shares during the period. PDT Partners LLC owned 0.16% of LiveRamp worth $2,732,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RAMP. Pacer Advisors Inc. increased its holdings in LiveRamp by 9,007.8% in the 1st quarter. Pacer Advisors Inc. now owns 344,822 shares of the company's stock worth $9,014,000 after purchasing an additional 341,036 shares in the last quarter. Vanguard Group Inc. increased its holdings in LiveRamp by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 9,131,290 shares of the company's stock worth $238,692,000 after purchasing an additional 283,747 shares in the last quarter. Nuveen LLC acquired a new position in LiveRamp in the 1st quarter worth about $6,123,000. Fort Washington Investment Advisors Inc. OH increased its holdings in LiveRamp by 27.1% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 997,402 shares of the company's stock worth $26,072,000 after purchasing an additional 212,572 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in LiveRamp by 10.3% in the 4th quarter. Janus Henderson Group PLC now owns 1,798,198 shares of the company's stock worth $54,600,000 after purchasing an additional 168,418 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Zacks Research cut LiveRamp from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 19th. DA Davidson assumed coverage on LiveRamp in a research note on Wednesday, July 9th. They issued a "buy" rating and a $45.00 price target for the company. Benchmark reissued 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. Wells Fargo & Company increased their price target on 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 decreased their price target on LiveRamp from $34.00 to $30.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 12th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $40.83.

Insider Activity at LiveRamp

In other news, Director Timothy R. Cadogan sold 2,500 shares of the business's stock in a transaction that occurred 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 owned 55,470 shares in the company, valued at $1,885,980. The trade was a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.31% of the stock is currently owned by corporate insiders.

LiveRamp Trading Up 2.2%

RAMP stock traded up $0.61 during mid-day trading on Friday, reaching $28.38. The company's stock had a trading volume of 958,995 shares, compared to its average volume of 722,380. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 128.99 and a beta of 0.92. The business's 50 day moving average price is $30.38 and its 200 day moving average price is $29.24. LiveRamp Holdings, Inc. has a 12 month low of $22.82 and a 12 month high of $36.08.

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

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.