Squarepoint Ops LLC Has $12.26 Million Stock Position in LiveRamp Holdings, Inc. $RAMP

Key Points

• Squarepoint Ops significantly increased its LiveRamp stake by 3,382.3% in the second quarter, holding 325,735 shares worth approximately $12.26 million, or 0.54% of the company.
• Institutional ownership remains high at 93.83%, with several firms—including OMERS Administration, Legal & General, and Polar Asset Management—initiating new positions.
• LiveRamp reported quarterly EPS of $0.65, beating estimates of $0.58, while revenue rose 9.9% year over year to $213.99 million. Despite the results, analysts maintain a consensus “Hold” rating with an average price target of $40.21.

Squarepoint Ops LLC boosted its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 3,382.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 325,735 shares of the company's stock after acquiring an additional 316,381 shares during the quarter. Squarepoint Ops LLC owned approximately 0.54% of LiveRamp worth $12,261,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Nuance Investments LLC acquired a new stake in shares of LiveRamp in the 2nd quarter valued at $3,033,000. OMERS ADMINISTRATION Corp acquired a new position in shares of LiveRamp during the second quarter valued at $20,209,000. Legal & General Group Plc acquired a new position in shares of LiveRamp during the second quarter valued at $5,544,000. Moore Capital Management LP bought a new position in LiveRamp in the second quarter valued at about $1,506,000. Finally, Polar Asset Management Partners Inc. bought a new position in LiveRamp in the second quarter valued at about $3,764,000. 93.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

LiveRamp Trading Up 0.0%

Shares of RAMP opened at $37.74 on Thursday. The stock has a market cap of $2.29 billion, a P/E ratio of 15.47 and a beta of 1.25. LiveRamp Holdings, Inc. has a 1 year low of $21.71 and a 1 year high of $38.23. The stock's 50-day moving average price is $37.77 and its two-hundred day moving average price is $33.63.

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 during the quarter, compared to analysts' expectations of $211.45 million. LiveRamp had a return on equity of 9.77% and a net margin of 18.71%.LiveRamp's revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 EPS. As a group, equities analysts forecast that LiveRamp Holdings, Inc. will post 2.04 EPS for the current year.

About LiveRamp

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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