Jupiter Topco LLC Invests $45.42 Million in LiveRamp Holdings, Inc. $RAMP

Jupiter Topco LLC acquired a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,206,795 shares of the company’s stock, valued at approximately $45,420,000. Jupiter Topco LLC owned approximately 1.99% of LiveRamp as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Royal Bank of Canada raised its stake in LiveRamp by 246.4% in the 1st quarter. Royal Bank of Canada now owns 19,726 shares of the company’s stock valued at $515,000 after purchasing an additional 14,031 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of LiveRamp during the 1st quarter worth about $212,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of LiveRamp by 1.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,234 shares of the company’s stock worth $999,000 after purchasing an additional 677 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of LiveRamp by 6.9% during the first quarter. Goldman Sachs Group Inc. now owns 377,443 shares of the company’s stock worth $9,866,000 after buying an additional 24,330 shares in the last quarter. Finally, Caxton Associates LLP purchased a new stake in shares of LiveRamp during the first quarter worth about $309,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Trading Up 0.4%

Shares of NYSE:RAMP opened at $37.77 on Friday. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 15.48 and a beta of 1.29. The stock’s 50-day moving average price is $37.74 and its two-hundred day moving average price is $32.78. LiveRamp Holdings, Inc. has a 12-month low of $21.71 and a 12-month high of $38.23.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.65 earnings per share 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 business had revenue of $213.99 million for the quarter, compared to analyst estimates of $211.45 million. During the same period in the prior year, the firm posted $0.44 EPS. The company’s revenue was up 9.9% on a year-over-year basis. As a group, research analysts forecast that LiveRamp Holdings, Inc. will post 2.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in 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. DA Davidson restated a “neutral” rating on shares of LiveRamp in a research report on Tuesday, August 11th. 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 target on LiveRamp in a report on Friday, May 22nd. Two investment 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, the stock currently has an average rating of “Hold” and a consensus price target 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.