OP Asset Management Ltd Invests $558,000 in LiveRamp Holdings, Inc. $RAMP

OP Asset Management Ltd acquired a new position in LiveRamp Holdings, Inc. (NYSE:RAMP) during the first quarter, HoldingsChannel reports. The firm acquired 21,030 shares of the company’s stock, valued at approximately $558,000.

Several other hedge funds and other institutional investors have also modified their holdings of RAMP. Headlands Technologies LLC purchased a new stake in shares of LiveRamp during the 2nd quarter worth about $31,000. Strs Ohio purchased a new position in LiveRamp in the first quarter valued at approximately $31,000. Hantz Financial Services Inc. lifted 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 buying an additional 727 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in LiveRamp during the third quarter valued at approximately $38,000. Finally, EverSource Wealth Advisors LLC grew its stake in LiveRamp by 63.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock worth $44,000 after buying an additional 583 shares during the period. 93.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Craig Hallum lowered shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price objective for the company. in a research report on Tuesday, May 19th. Morgan Stanley set a $38.50 target price on shares of LiveRamp in a report on Friday, May 22nd. DA Davidson cut shares of LiveRamp from a “buy” rating to a “neutral” rating and upped their price target for the stock from $35.00 to $38.50 in a research report on Monday, May 18th. Evercore started coverage on LiveRamp in a report on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 price target for the company. Finally, Weiss Ratings lowered LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $40.21.

LiveRamp Stock Up 0.5%

NYSE RAMP opened at $37.63 on Wednesday. The stock has a market cap of $2.26 billion, a PE ratio of 16.51 and a beta of 1.27. LiveRamp Holdings, Inc. has a fifty-two week low of $21.71 and a fifty-two week high of $37.92. The business has a 50 day moving average price of $34.65 and a two-hundred day moving average price of $29.64.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Monday, May 18th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $206.09 million for the quarter, compared to analyst estimates of $205.49 million. LiveRamp had a net margin of 17.95% and a return on equity of 8.28%. The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share. Sell-side analysts anticipate that LiveRamp Holdings, Inc. will post 2.07 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.