Vident Advisory LLC Invests $2.28 Million in LiveRamp Holdings, Inc. $RAMP

Key Points

• Vident Advisory LLC has invested approximately $2.28 million in LiveRamp Holdings, Inc., acquiring 87,378 shares in Q1.
• LiveRamp has a consensus rating of "Hold" among analysts, with an average target price of $40.83 despite mixed ratings from various research firms.
• The company reported a 10.7% year-over-year increase in revenue, totaling $194.82 million for the quarter, and exceeded EPS estimates by $0.01.

Vident Advisory LLC bought a new position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 87,378 shares of the company's stock, valued at approximately $2,284,000. Vident Advisory LLC owned approximately 0.13% of LiveRamp at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. State of Wyoming purchased a new stake in LiveRamp in the 1st quarter worth approximately $49,000. Blue Trust Inc. lifted its stake in LiveRamp by 63.0% in the 1st quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock worth $67,000 after purchasing an additional 989 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in LiveRamp in the 4th quarter worth approximately $206,000. Jump Financial LLC purchased a new stake in shares of LiveRamp during the 1st quarter valued at $209,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of LiveRamp during the 4th quarter valued at $211,000. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

LiveRamp Stock Performance

NYSE:RAMP traded up $0.61 during trading hours 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 firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 128.99 and a beta of 0.92. The firm has a 50-day simple moving average of $30.38 and a 200-day simple moving average of $29.24. LiveRamp Holdings, Inc. has a 1 year low of $22.82 and a 1 year high of $36.08.

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

Wall Street Analysts Forecast Growth

RAMP has been the topic of several research reports. DA Davidson initiated coverage on shares of LiveRamp in a research report on Wednesday, July 9th. They set a "buy" rating and a $45.00 price objective on the stock. Zacks Research cut shares of LiveRamp from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Wall Street Zen cut shares of LiveRamp from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 30th. Wells Fargo & Company raised their price objective on shares of LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Finally, Benchmark restated a "buy" rating and set a $51.00 price objective (up previously from $48.00) on shares of LiveRamp in a research report on Tuesday, August 5th. 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 company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $40.83.

Insider Buying and Selling at LiveRamp

In other news, Director Timothy R. Cadogan sold 2,500 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $34.00, for a total transaction of $85,000.00. Following the completion of the sale, the director directly owned 55,470 shares in the company, valued at approximately $1,885,980. This represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.31% 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.