LiveRamp Holdings, Inc. $RAMP Stake Cut by Renaissance Technologies LLC

Renaissance Technologies LLC cut its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 2.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 523,699 shares of the company’s stock after selling 14,000 shares during the quarter. Renaissance Technologies LLC owned 0.83% of LiveRamp worth $13,888,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of RAMP. Sound Income Strategies LLC increased its holdings in shares of LiveRamp by 769.1% in the 1st quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock valued at $28,000 after purchasing an additional 946 shares during the period. Headlands Technologies LLC acquired a new stake in shares of LiveRamp during the second quarter worth approximately $31,000. Strs Ohio acquired a new stake in shares of LiveRamp during the first quarter worth approximately $31,000. Hantz Financial Services Inc. grew its position in LiveRamp by 197.0% during the fourth quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock valued at $32,000 after purchasing an additional 727 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in LiveRamp by 63.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock valued at $44,000 after purchasing an additional 583 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Price Performance

Shares of LiveRamp stock opened at $37.87 on Friday. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 16.61 and a beta of 1.27. LiveRamp Holdings, Inc. has a 52-week low of $21.71 and a 52-week high of $38.23. The stock has a 50-day simple moving average of $37.67 and a 200-day simple moving average of $31.01.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Monday, May 18th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.The business had revenue of $206.09 million during the quarter, compared to analysts’ expectations of $205.49 million. During the same quarter in the previous year, the business posted $0.30 EPS. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, equities research analysts predict that LiveRamp Holdings, Inc. will post 2.07 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RAMP. DA Davidson downgraded shares of LiveRamp from a “buy” rating to a “neutral” rating and increased their target price for the stock from $35.00 to $38.50 in a research report on Monday, May 18th. Craig Hallum cut shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target on the stock. in a report on Tuesday, May 19th. Weiss Ratings cut shares of LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Finally, Morgan Stanley set a $38.50 price target on shares of LiveRamp in a research note on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $40.21.

LiveRamp Company 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.