Perbak Capital Partners LLP Purchases New Position in LiveRamp Holdings, Inc. $RAMP

Key Points

• Perbak Capital Partners LLP acquired 12,245 shares of LiveRamp Holdings, valued at approximately $320,000, according to their recent SEC filing.
• The company's stock, RAMP, saw a trading drop of 2.1% with a current market cap of $1.79 billion and a PE ratio of 124.19.
• LiveRamp reported a quarterly EPS of $0.44, exceeding estimates, alongside a 10.7% increase in revenue compared to the same quarter last year.

Perbak Capital Partners LLP purchased a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 12,245 shares of the company's stock, valued at approximately $320,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of RAMP. Pacer Advisors Inc. lifted its holdings in shares of LiveRamp by 9,007.8% during the 1st quarter. Pacer Advisors Inc. now owns 344,822 shares of the company's stock valued at $9,014,000 after buying an additional 341,036 shares during the period. Vanguard Group Inc. raised 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 during the period. Nuveen LLC bought a new position in LiveRamp in the 1st quarter worth $6,123,000. Fort Washington Investment Advisors Inc. OH raised 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 during the period. Finally, Janus Henderson Group PLC raised 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 during the period. 93.83% of the stock is owned by institutional investors.

Insider Activity

In other LiveRamp 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.31% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on RAMP shares. Wall Street Zen cut LiveRamp from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 30th. DA Davidson started coverage on LiveRamp in a report on Wednesday, July 9th. They issued a "buy" rating and a $45.00 target price on the stock. Wells Fargo & Company raised their target price on LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. Zacks Research cut LiveRamp from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. Finally, Benchmark reaffirmed a "buy" rating and issued a $51.00 target price (up from $48.00) on shares of LiveRamp in a report on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, LiveRamp presently has an average rating of "Hold" and a consensus target price of $40.83.

LiveRamp Price Performance

Shares of RAMP stock traded up $0.61 during trading hours on Friday, hitting $28.38. The stock had a trading volume of 958,995 shares, compared to its average volume of 722,380. LiveRamp Holdings, Inc. has a one year low of $22.82 and a one year high of $36.08. The stock's 50-day moving average price is $30.38 and its two-hundred day moving average price is $29.24. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 128.99 and a beta of 0.92.

LiveRamp (NYSE:RAMP - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.44 EPS for the quarter, topping 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 analyst estimates of $191.22 million. During the same quarter last year, the business posted $0.35 earnings per share. The firm's revenue was up 10.7% on a year-over-year basis. As a group, equities research analysts predict that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

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.