Wrapmanager Inc. Increases Stock Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Wrapmanager Inc. lifted its holdings in LiveRamp Holdings, Inc. (NYSE:RAMPGet Rating) by 6.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 14,224 shares of the company’s stock after purchasing an additional 897 shares during the period. Wrapmanager Inc.’s holdings in LiveRamp were worth $532,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of RAMP. Evoke Wealth LLC raised its stake in shares of LiveRamp by 16.1% during the 1st quarter. Evoke Wealth LLC now owns 53,181 shares of the company’s stock worth $1,988,000 after acquiring an additional 7,371 shares in the last quarter. Parametrica Management Ltd bought a new position in shares of LiveRamp during the 1st quarter worth approximately $281,000. Fox Run Management L.L.C. bought a new position in shares of LiveRamp during the 1st quarter worth approximately $373,000. Hawk Ridge Capital Management LP bought a new position in shares of LiveRamp during the 1st quarter worth approximately $25,888,000. Finally, Swiss National Bank raised its stake in shares of LiveRamp by 7.7% during the 1st quarter. Swiss National Bank now owns 161,000 shares of the company’s stock worth $6,020,000 after acquiring an additional 11,500 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

RAMP has been the subject of several recent analyst reports. Morgan Stanley reduced their price objective on shares of LiveRamp from $41.00 to $38.00 and set an “overweight” rating for the company in a research note on Thursday, July 14th. Susquehanna cut their price target on shares of LiveRamp from $50.00 to $45.00 and set a “positive” rating on the stock in a research note on Friday, August 5th. Wells Fargo & Company cut their price target on shares of LiveRamp from $65.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday, August 8th. Susquehanna Bancshares cut their price target on shares of LiveRamp from $50.00 to $45.00 and set a “positive” rating on the stock in a research note on Friday, August 5th. Finally, Craig Hallum lowered their price target on shares of LiveRamp from $60.00 to $30.00 in a report on Wednesday, May 25th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $51.67.

LiveRamp Stock Down 0.7 %

RAMP opened at $22.69 on Wednesday. The company has a market cap of $1.52 billion, a price-to-earnings ratio of -19.73 and a beta of 1.07. LiveRamp Holdings, Inc. has a 52-week low of $22.18 and a 52-week high of $58.74. The firm’s fifty day simple moving average is $26.50 and its two-hundred day simple moving average is $32.22.

LiveRamp (NYSE:RAMPGet Rating) last issued its earnings results on Thursday, August 4th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.07. The business had revenue of $142.00 million during the quarter, compared to analysts’ expectations of $138.97 million. LiveRamp had a negative net margin of 14.21% and a negative return on equity of 1.87%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 earnings per share. On average, research analysts forecast that LiveRamp Holdings, Inc. will post -0.84 EPS for the current year.

About LiveRamp

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LiveRamp Holdings, Inc, a technology company, provides enterprise data connectivity platform solutions in the United States, Europe, and the Asia-Pacific. The company offers RampID, a true people-based identifier; Safe Haven, an enterprise data enablement platform; LiveRamp Data Marketplace, a solution that seamlessly connects data owners' audience data across the marketing ecosystem; and AbiliTec, an offline identity resolution platform.

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Institutional Ownership by Quarter for LiveRamp (NYSE:RAMP)

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