Bronte Capital Management Pty Ltd. Has $6.28 Million Stake in LiveRamp Holdings, Inc. $RAMP

Bronte Capital Management Pty Ltd. reduced its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 17.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 231,395 shares of the company’s stock after selling 47,783 shares during the period. LiveRamp makes up about 0.9% of Bronte Capital Management Pty Ltd.’s investment portfolio, making the stock its 17th biggest position. Bronte Capital Management Pty Ltd.’s holdings in LiveRamp were worth $6,280,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RAMP. Headlands Technologies LLC acquired a new stake in LiveRamp during the 2nd quarter worth $31,000. Strs Ohio bought a new position in shares of LiveRamp in the 1st quarter worth $31,000. Parkside Financial Bank & Trust grew its stake in shares of LiveRamp by 18.8% during the third quarter. Parkside Financial Bank & Trust now owns 3,080 shares of the company’s stock worth $84,000 after purchasing an additional 487 shares during the period. Prudent Man Advisors LLC bought a new stake in LiveRamp in the second quarter valued at about $208,000. Finally, Cerity Partners LLC bought a new stake in LiveRamp in the second quarter valued at about $229,000. 93.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Zacks Research cut LiveRamp from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Wells Fargo & Company lifted their price objective on shares of LiveRamp from $31.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Morgan Stanley boosted their price objective on shares of LiveRamp from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, November 13th. Benchmark cut their target price on shares of LiveRamp from $53.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of LiveRamp in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, LiveRamp has an average rating of “Hold” and an average price target of $41.33.

LiveRamp Stock Performance

NYSE RAMP opened at $22.83 on Thursday. The business has a 50 day simple moving average of $27.73 and a 200 day simple moving average of $28.19. LiveRamp Holdings, Inc. has a 52-week low of $21.71 and a 52-week high of $36.08. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 37.43 and a beta of 1.13.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. The firm had revenue of $199.83 million for the quarter, compared to analyst estimates of $197.31 million. LiveRamp had a net margin of 5.15% and a return on equity of 4.44%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 earnings per share. On average, analysts predict that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

LiveRamp Profile

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company’s core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp’s platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.