Readystate Asset Management LP Invests $12.58 Million in LiveRamp Holdings, Inc. $RAMP

Key Points

• Readystate Asset Management initiated a $12.58 million position in LiveRamp, purchasing 334,115 shares, or approximately 0.55% of the company. Institutional investors and hedge funds collectively own 93.83% of LiveRamp.
• Analysts maintain a generally cautious outlook, with two Buy ratings and six Hold ratings; the stock carries an average “Hold” rating and a $40.21 price target.
• LiveRamp exceeded quarterly expectations, reporting $0.65 in earnings per share versus the $0.58 consensus and $213.99 million in revenue, up 9.9% year over year. Shares opened at $37.76, near their 52-week high of $38.23.

Readystate Asset Management LP bought a new position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 334,115 shares of the company's stock, valued at approximately $12,576,000. Readystate Asset Management LP owned approximately 0.55% of LiveRamp at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RAMP. Headlands Technologies LLC acquired a new position in LiveRamp in the second quarter worth $31,000. Nykredit A S acquired a new position in shares of LiveRamp during the second quarter worth approximately $38,000. Sound Income Strategies LLC grew its stake in shares of LiveRamp by 769.1% during the first quarter. Sound Income Strategies LLC now owns 1,069 shares of the company's stock valued at $28,000 after purchasing an additional 946 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of LiveRamp by 197.0% during the fourth quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company's stock valued at $32,000 after purchasing an additional 727 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in LiveRamp in the 2nd quarter worth approximately $44,000. 93.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Morgan Stanley set a $38.50 price objective on LiveRamp in a research report on Friday, May 22nd. DA Davidson reaffirmed a "neutral" rating on shares of LiveRamp in a research note on Tuesday, August 11th. Weiss Ratings upgraded LiveRamp from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Finally, Craig Hallum lowered LiveRamp from a "buy" rating to a "hold" rating and set a $38.50 price objective for the company. in a research report on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, LiveRamp has an average rating of "Hold" and an average target price of $40.21.

LiveRamp Stock Performance

RAMP opened at $37.76 on Monday. The company has a fifty day moving average price of $37.76 and a two-hundred day moving average price of $33.36. The firm has a market capitalization of $2.30 billion, a PE ratio of 15.48 and a beta of 1.25. LiveRamp Holdings, Inc. has a 52 week low of $21.71 and a 52 week high of $38.23.

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