Bronte Capital Management Pty Ltd. Makes New Investment in LiveRamp Holdings, Inc. (NYSE:RAMP)

Bronte Capital Management Pty Ltd. bought a new position in LiveRamp Holdings, Inc. (NYSE:RAMP) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 60,890 shares of the company’s stock, valued at approximately $2,307,000. LiveRamp makes up 0.2% of Bronte Capital Management Pty Ltd.’s portfolio, making the stock its 26th biggest holding. Bronte Capital Management Pty Ltd. owned approximately 0.09% of LiveRamp at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of RAMP. Vanguard Group Inc. increased its holdings in shares of LiveRamp by 3.8% in the third quarter. Vanguard Group Inc. now owns 8,139,409 shares of the company’s stock worth $234,741,000 after purchasing an additional 296,586 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of LiveRamp by 0.9% in the third quarter. Assenagon Asset Management S.A. now owns 724,495 shares of the company’s stock worth $20,894,000 after buying an additional 6,577 shares in the last quarter. Northern Trust Corp boosted its stake in shares of LiveRamp by 2.5% during the 3rd quarter. Northern Trust Corp now owns 707,479 shares of the company’s stock worth $20,404,000 after purchasing an additional 16,974 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of LiveRamp by 2.3% in the fourth quarter. Russell Investments Group Ltd. now owns 447,388 shares of the company’s stock worth $16,948,000 after purchasing an additional 10,075 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in shares of LiveRamp in the 3rd quarter valued at about $12,742,000. Institutional investors own 93.83% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Benchmark restated a “buy” rating and set a $51.00 price objective on shares of LiveRamp in a research note on Monday, March 4th. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 16th. Susquehanna boosted their target price on LiveRamp from $45.00 to $50.00 and gave the stock a “positive” rating in a research report on Friday, February 9th. Finally, Craig Hallum raised their target price on LiveRamp from $42.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, LiveRamp has an average rating of “Buy” and a consensus target price of $47.75.

LiveRamp Stock Performance

Shares of NYSE:RAMP traded up $0.43 during mid-day trading on Thursday, hitting $32.69. The stock had a trading volume of 463,529 shares, compared to its average volume of 575,813. LiveRamp Holdings, Inc. has a 12-month low of $23.15 and a 12-month high of $42.66. The company’s 50 day moving average is $33.58 and its 200-day moving average is $34.81. The company has a market cap of $2.14 billion, a PE ratio of -146.64 and a beta of 1.00.

LiveRamp (NYSE:RAMP) last released its earnings results on Thursday, February 8th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.23 by $0.05. The firm had revenue of $173.87 million during the quarter, compared to analysts’ expectations of $174.00 million. LiveRamp had a negative net margin of 2.22% and a positive return on equity of 1.57%. On average, equities research analysts predict that LiveRamp Holdings, Inc. will post 0.64 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Timothy R. Cadogan sold 1,500 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $37.00, for a total transaction of $55,500.00. Following the sale, the director now directly owns 51,016 shares of the company’s stock, valued at approximately $1,887,592. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.93% of the stock is currently owned by company 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.