40,000 Shares in LiveRamp Holdings, Inc. $RAMP Purchased by Man Group plc

Man Group plc acquired a new position in LiveRamp Holdings, Inc. (NYSE:RAMP) in the 2nd quarter, HoldingsChannel reports. The fund acquired 40,000 shares of the company’s stock, valued at approximately $1,506,000.

A number of other hedge funds have also recently modified their holdings of RAMP. Sound Income Strategies LLC raised its holdings in shares of LiveRamp by 769.1% in the first quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock worth $28,000 after buying an additional 946 shares during the period. Headlands Technologies LLC purchased a new position in LiveRamp during the 2nd quarter valued at $31,000. Strs Ohio bought a new position in LiveRamp in the 1st quarter valued at $31,000. Hantz Financial Services Inc. grew its position in LiveRamp by 197.0% in the 4th quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock valued at $32,000 after acquiring an additional 727 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in LiveRamp by 63.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock worth $44,000 after purchasing an additional 583 shares during the period. Institutional investors own 93.83% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. DA Davidson reiterated a “neutral” rating on shares of LiveRamp in a research report on Tuesday, August 11th. 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 raised shares of LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Finally, Morgan Stanley set a $38.50 price objective on shares of LiveRamp in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, LiveRamp currently has a consensus rating of “Hold” and a consensus price target of $40.21.

LiveRamp Stock Down 0.1%

Shares of NYSE:RAMP opened at $37.79 on Thursday. The business’s 50 day moving average is $37.75 and its 200 day moving average is $33.18. The stock has a market cap of $2.30 billion, a P/E ratio of 15.49 and a beta of 1.25. LiveRamp Holdings, Inc. has a 52-week low of $21.71 and a 52-week high of $38.23.

LiveRamp (NYSE:RAMP) last issued its earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. LiveRamp had a return on equity of 9.77% and a net margin of 18.71%.The business had revenue of $213.99 million during the quarter, compared to analyst estimates of $211.45 million. During the same period in the previous year, the company posted $0.44 EPS. LiveRamp’s revenue was up 9.9% on a year-over-year basis. On average, sell-side analysts anticipate that LiveRamp Holdings, Inc. will post 2.04 EPS for the current fiscal 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.