PDT Partners LLC Buys 53,092 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

PDT Partners LLC boosted its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 162.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,837 shares of the company’s stock after purchasing an additional 53,092 shares during the period. PDT Partners LLC owned about 0.13% of LiveRamp worth $2,127,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new position in LiveRamp in the first quarter worth about $149,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of LiveRamp by 8.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,755 shares of the company’s stock worth $786,000 after buying an additional 1,803 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in LiveRamp during the first quarter valued at approximately $87,000. Clarius Group LLC increased its holdings in LiveRamp by 1.7% during the second quarter. Clarius Group LLC now owns 91,076 shares of the company’s stock valued at $2,818,000 after buying an additional 1,520 shares during the last quarter. Finally, Carolina Wealth Advisors LLC raised its position in LiveRamp by 11.2% in the second quarter. Carolina Wealth Advisors LLC now owns 27,349 shares of the company’s stock worth $846,000 after acquiring an additional 2,764 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Trading Down 0.3 %

Shares of RAMP opened at $30.36 on Friday. LiveRamp Holdings, Inc. has a 12-month low of $21.45 and a 12-month high of $42.66. The company has a market capitalization of $1.98 billion, a PE ratio of 607.32 and a beta of 0.96. The business’s 50 day moving average is $26.28 and its 200 day moving average is $27.96.

LiveRamp (NYSE:RAMP) last released its earnings results on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.37 by $0.14. The firm had revenue of $185.00 million for the quarter, compared to the consensus estimate of $176.16 million. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 earnings per share. Equities research analysts predict that LiveRamp Holdings, Inc. will post 0.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RAMP. Craig Hallum cut their price objective on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Benchmark lowered their target price on LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Wells Fargo & Company began coverage on LiveRamp in a research report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price target for the company. Macquarie reaffirmed an “outperform” rating and set a $43.00 price objective on shares of LiveRamp in a research report on Thursday, November 7th. Finally, Evercore ISI reduced their target price on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.14.

Insider Buying and Selling at LiveRamp

In other news, insider Kimberly Bloomston sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.17, for a total transaction of $100,680.00. Following the sale, the insider now directly owns 117,247 shares of the company’s stock, valued at $2,951,106.99. This represents a 3.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Debora B. Tomlin sold 9,765 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $25.07, for a total transaction of $244,808.55. Following the completion of the transaction, the director now directly owns 24,509 shares of the company’s stock, valued at approximately $614,440.63. This trade represents a 28.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.39% of the company’s stock.

LiveRamp Profile

LiveRamp Holdings, Inc, a technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally. The company operates LiveRamp Data Collaboration platform enables an organization to unify customer and prospect data to build a single view of the customer in a way that protects consumer privacy.