Quantinno Capital Management LP Purchases 115,850 Shares of LiveRamp Holdings, Inc. $RAMP

Quantinno Capital Management LP lifted its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 659.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,412 shares of the company’s stock after purchasing an additional 115,850 shares during the period. Quantinno Capital Management LP owned 0.21% of LiveRamp worth $3,538,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership raised its position in LiveRamp by 16.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,550,435 shares of the company’s stock valued at $41,118,000 after purchasing an additional 213,706 shares during the last quarter. Lido Advisors LLC lifted its holdings in LiveRamp by 29.7% in the 1st quarter. Lido Advisors LLC now owns 12,211 shares of the company’s stock worth $324,000 after buying an additional 2,793 shares during the period. State of Wyoming bought a new stake in shares of LiveRamp in the 1st quarter worth approximately $135,000. First Trust Advisors LP increased its stake in shares of LiveRamp by 72.8% during the first quarter. First Trust Advisors LP now owns 183,212 shares of the company’s stock valued at $4,859,000 after buying an additional 77,174 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of LiveRamp by 31.6% during the first quarter. PNC Financial Services Group Inc. now owns 8,829 shares of the company’s stock valued at $234,000 after buying an additional 2,122 shares during the period. 93.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on RAMP shares. Weiss Ratings downgraded LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. 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. DA Davidson lowered shares of LiveRamp from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $35.00 to $38.50 in a report on Monday, May 18th. Finally, Morgan Stanley set a $38.50 price objective on shares of LiveRamp in a report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $40.21.

LiveRamp Trading Down 0.0%

Shares of RAMP stock opened at $37.81 on Friday. LiveRamp Holdings, Inc. has a 12 month low of $21.71 and a 12 month high of $38.23. The stock has a market cap of $2.30 billion, a PE ratio of 15.50 and a beta of 1.29. The company’s fifty day moving average price is $37.69 and its 200-day moving average price is $31.42.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%. The company had revenue of $213.99 million during the quarter, compared to analyst estimates of $211.45 million. During the same period last year, the business earned $0.44 EPS. LiveRamp’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, sell-side analysts forecast that LiveRamp Holdings, Inc. will post 2.07 earnings per share for the current fiscal year.

About LiveRamp

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.