Two Sigma Investments LP Trims Stock Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Two Sigma Investments LP decreased its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 25.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,493 shares of the company's stock after selling 24,927 shares during the period. Two Sigma Investments LP owned approximately 0.11% of LiveRamp worth $2,262,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Summit Investment Advisors Inc. increased its position in shares of LiveRamp by 7.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,906 shares of the company's stock worth $210,000 after acquiring an additional 462 shares in the last quarter. Summit Trail Advisors LLC boosted its stake in LiveRamp by 0.5% during the 4th quarter. Summit Trail Advisors LLC now owns 115,924 shares of the company's stock valued at $3,521,000 after purchasing an additional 625 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in LiveRamp by 101.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company's stock worth $62,000 after purchasing an additional 1,027 shares in the last quarter. Quarry LP raised its stake in shares of LiveRamp by 344.4% in the fourth quarter. Quarry LP now owns 1,462 shares of the company's stock worth $44,000 after purchasing an additional 1,133 shares during the last quarter. Finally, First Horizon Advisors Inc. bought a new position in shares of LiveRamp in the fourth quarter valued at approximately $38,000. 93.83% of the stock is owned by institutional investors.

LiveRamp Price Performance

Shares of NYSE RAMP traded down $0.08 during mid-day trading on Wednesday, reaching $32.61. 46,752 shares of the company's stock were exchanged, compared to its average volume of 628,678. The firm has a 50-day moving average price of $27.54 and a two-hundred day moving average price of $29.68. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 3,261.20 and a beta of 1.02. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. The company had revenue of $188.72 million during the quarter, compared to the consensus estimate of $185.41 million. During the same period in the prior year, the firm posted $0.25 EPS. The business's revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Morgan Stanley upped their price target on LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Wall Street Zen raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Wells Fargo & Company increased their target price on shares of LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Benchmark reissued a "buy" rating and set a $48.00 price target (up from $45.00) on shares of LiveRamp in a research report on Thursday, May 22nd. Finally, Evercore ISI reaffirmed an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.67.

Insider Activity

In related news, CTO Mohsin Hussain sold 17,529 shares of LiveRamp stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $33.00, for a total value of $578,457.00. Following the completion of the sale, the chief technology officer now owns 79,616 shares of the company's stock, valued at approximately $2,627,328. This trade represents a 18.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.39% of the company's stock.

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.