Exchange Traded Concepts LLC Increases Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Exchange Traded Concepts LLC raised its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,193 shares of the company’s stock after buying an additional 2,872 shares during the period. Exchange Traded Concepts LLC owned about 0.11% of LiveRamp worth $2,132,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Quarry LP boosted its position in shares of LiveRamp by 4,575.0% in the second quarter. Quarry LP now owns 935 shares of the company’s stock worth $29,000 after purchasing an additional 915 shares during the period. DT Investment Partners LLC boosted its position in shares of LiveRamp by 62.6% in the third quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock worth $35,000 after purchasing an additional 545 shares during the period. GAMMA Investing LLC boosted its position in shares of LiveRamp by 232.2% in the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock worth $52,000 after purchasing an additional 1,189 shares during the period. Point72 DIFC Ltd bought a new position in shares of LiveRamp in the third quarter worth approximately $92,000. Finally, Squarepoint Ops LLC boosted its position in shares of LiveRamp by 27.4% in the second quarter. Squarepoint Ops LLC now owns 7,621 shares of the company’s stock worth $236,000 after purchasing an additional 1,637 shares during the period. 93.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RAMP has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Wells Fargo & Company initiated coverage on shares of LiveRamp in a research report on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price for the company. Morgan Stanley restated an “equal weight” rating and set a $35.00 target price on shares of LiveRamp in a research report on Monday, January 13th. Macquarie restated an “outperform” rating and set a $43.00 target price on shares of LiveRamp in a research report on Thursday, November 7th. Finally, Benchmark dropped their target price on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $39.71.

LiveRamp Stock Up 0.4 %

RAMP stock opened at $33.58 on Monday. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $42.10. The company has a fifty day simple moving average of $30.96 and a two-hundred day simple moving average of $27.91. The firm has a market capitalization of $2.19 billion, a P/E ratio of 671.73 and a beta of 0.96.

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

LiveRamp Company 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.