Icon Advisers Inc. Co. Acquires 20,000 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Icon Advisers Inc. Co. lifted its position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 17.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 135,000 shares of the company's stock after buying an additional 20,000 shares during the quarter. Icon Advisers Inc. Co. owned about 0.21% of LiveRamp worth $4,100,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. First Horizon Advisors Inc. bought a new stake in shares of LiveRamp in the fourth quarter valued at approximately $38,000. Smartleaf Asset Management LLC boosted its holdings in 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 purchasing an additional 1,332 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of LiveRamp by 232.2% in the 4th quarter. GAMMA Investing LLC now owns 1,701 shares of the company's stock valued at $52,000 after purchasing an additional 1,189 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of LiveRamp by 101.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company's stock worth $62,000 after buying an additional 1,027 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of LiveRamp by 57.0% in the 4th quarter. KBC Group NV now owns 3,457 shares of the company's stock worth $105,000 after buying an additional 1,255 shares in the last quarter. 93.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RAMP has been the topic of a number of analyst reports. Benchmark reiterated a "buy" rating and issued a $45.00 price target on shares of LiveRamp in a research report on Wednesday, February 26th. Evercore ISI reaffirmed an "underperform" rating on shares of LiveRamp in a report on Wednesday. StockNews.com downgraded shares of LiveRamp from a "strong-buy" rating to a "buy" rating in a report on Saturday, April 12th. Finally, Morgan Stanley reiterated an "equal weight" rating on shares of LiveRamp in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $38.17.

LiveRamp Trading Up 0.1 %

Shares of LiveRamp stock traded up $0.03 during midday trading on Friday, reaching $24.91. The company had a trading volume of 687,796 shares, compared to its average volume of 632,134. The stock has a fifty day simple moving average of $27.76 and a 200 day simple moving average of $28.90. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $38.00. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 2,490.60 and a beta of 1.05.

LiveRamp (NYSE:RAMP - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.22). LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. Sell-side analysts expect that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Insider Buying and Selling

In related news, CRO Vihan Sharma sold 39,845 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the completion of the sale, the executive now directly owns 110,902 shares of the company's stock, valued at approximately $3,943,675.12. This represents a 26.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Mohsin Hussain sold 3,554 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $33.67, for a total transaction of $119,663.18. Following the sale, the chief technology officer now directly owns 57,594 shares of the company's stock, valued at $1,939,189.98. This represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is owned by insiders.

LiveRamp Company 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.