Woodline Partners LP Purchases New Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Woodline Partners LP bought a new position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,810 shares of the company's stock, valued at approximately $359,000.

Other hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. bought a new stake in shares of LiveRamp during the fourth quarter valued at approximately $38,000. Quarry LP raised its holdings in shares of LiveRamp by 344.4% during the fourth quarter. Quarry LP now owns 1,462 shares of the company's stock valued at $44,000 after buying an additional 1,133 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of LiveRamp by 477.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock valued at $49,000 after buying an additional 1,332 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of LiveRamp by 101.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company's stock valued at $62,000 after buying an additional 1,027 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of LiveRamp by 57.0% during the fourth quarter. KBC Group NV now owns 3,457 shares of the company's stock valued at $105,000 after buying an additional 1,255 shares during the last quarter. Institutional investors own 93.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on RAMP shares. Wall Street Zen raised LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Morgan Stanley lifted their price target on LiveRamp from $28.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Wells Fargo & Company lifted their price target on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Benchmark reiterated a "buy" rating and set a $48.00 price objective (up previously from $45.00) on shares of LiveRamp in a research note on Thursday, May 22nd. Finally, Evercore ISI reiterated an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.67.

Insider Activity at LiveRamp

In related news, CTO Mohsin Hussain sold 17,529 shares of LiveRamp stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total value of $578,457.00. Following the transaction, the chief technology officer now owns 79,616 shares in the company, valued at $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 is available through this link. 3.39% of the stock is owned by company insiders.

LiveRamp Stock Down 0.1%

Shares of NYSE:RAMP traded down $0.04 during trading on Friday, reaching $32.59. 590,092 shares of the company traded hands, compared to its average volume of 633,067. The firm has a fifty day simple moving average of $27.33 and a 200 day simple moving average of $29.62. The firm has a market cap of $2.12 billion, a P/E ratio of 3,259.00 and a beta of 1.02. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $36.08.

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

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.