Wealth Enhancement Advisory Services LLC Invests $422,000 in LiveRamp Holdings, Inc. $RAMP

Key Points

• Wealth Enhancement Advisory Services LLC has invested approximately $422,000 in LiveRamp Holdings, acquiring 12,582 shares of the company during the 2nd quarter.
• LiveRamp reported a 10.7% increase in quarterly revenue year-over-year, totaling $194.82 million, with earnings per share of $0.44, exceeding analyst estimates.
• Institutional investors currently own 93.83% of LiveRamp's stock, indicating strong backing from large investment firms.

Wealth Enhancement Advisory Services LLC acquired a new position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,582 shares of the company's stock, valued at approximately $422,000.

A number of other large investors also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of LiveRamp by 1.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,234 shares of the company's stock worth $999,000 after purchasing an additional 677 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its stake in LiveRamp by 3.1% in the first quarter. Azzad Asset Management Inc. ADV now owns 22,870 shares of the company's stock worth $598,000 after acquiring an additional 695 shares during the last quarter. Empowered Funds LLC boosted its position in shares of LiveRamp by 12.9% during the 1st quarter. Empowered Funds LLC now owns 8,164 shares of the company's stock worth $213,000 after acquiring an additional 936 shares in the last quarter. Blue Trust Inc. raised its position in shares of LiveRamp by 63.0% during the 1st quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock worth $67,000 after acquiring an additional 989 shares in the last quarter. Finally, Summit Trail Advisors LLC raised its stake in LiveRamp by 1.0% during the 1st quarter. Summit Trail Advisors LLC now owns 117,111 shares of the company's stock worth $3,061,000 after acquiring an additional 1,187 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

LiveRamp Stock Performance

LiveRamp stock opened at $28.00 on Tuesday. LiveRamp Holdings, Inc. has a 1 year low of $22.82 and a 1 year high of $36.08. The firm's 50-day moving average is $27.96 and its 200-day moving average is $29.08. The company has a market cap of $1.84 billion, a P/E ratio of 127.28 and a beta of 0.90.

LiveRamp (NYSE:RAMP - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. LiveRamp had a net margin of 1.89% and a return on equity of 2.21%. The firm had revenue of $194.82 million for the quarter, compared to analyst estimates of $191.22 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. LiveRamp's quarterly revenue was up 10.7% on a year-over-year basis. As a group, sell-side analysts predict that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on RAMP. DA Davidson began coverage on shares of LiveRamp in a research note on Wednesday, July 9th. They issued a "buy" rating and a $45.00 price objective on the stock. Zacks Research downgraded LiveRamp from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Weiss Ratings reiterated a "hold (c-)" rating on shares of LiveRamp in a report on Saturday, September 27th. Benchmark restated a "buy" rating and set a $51.00 price objective (up from $48.00) on shares of LiveRamp in a report on Tuesday, August 5th. Finally, Morgan Stanley cut their price objective on LiveRamp from $34.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $40.83.

Insider Buying and Selling at LiveRamp

In related news, CTO Mohsin Hussain sold 12,734 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $27.94, for a total value of $355,787.96. Following the sale, the chief technology officer owned 63,409 shares of the company's stock, valued at approximately $1,771,647.46. This trade represents a 16.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.31% of the company's stock.

About LiveRamp

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.

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