Bronte Capital Management Pty Ltd. Raises Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Bronte Capital Management Pty Ltd. lifted its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 0.2% in the 3rd quarter, Holdings Channel reports. The firm owned 254,074 shares of the company’s stock after acquiring an additional 477 shares during the period. LiveRamp accounts for 0.5% of Bronte Capital Management Pty Ltd.’s portfolio, making the stock its 18th biggest holding. Bronte Capital Management Pty Ltd.’s holdings in LiveRamp were worth $6,296,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Texas Permanent School Fund Corp boosted its holdings in LiveRamp by 2.4% in the first quarter. Texas Permanent School Fund Corp now owns 57,924 shares of the company’s stock worth $1,998,000 after purchasing an additional 1,354 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in shares of LiveRamp by 1.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 38,264 shares of the company’s stock worth $1,320,000 after buying an additional 461 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of LiveRamp by 11.6% in the first quarter. Russell Investments Group Ltd. now owns 499,275 shares of the company’s stock worth $17,225,000 after acquiring an additional 51,887 shares during the period. ProShare Advisors LLC boosted its position in LiveRamp by 5.7% in the first quarter. ProShare Advisors LLC now owns 13,057 shares of the company’s stock worth $450,000 after purchasing an additional 708 shares during the last quarter. Finally, Motley Fool Asset Management LLC bought a new position in LiveRamp in the first quarter worth approximately $899,000. 93.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on RAMP shares. Benchmark reduced their price target on LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Evercore ISI decreased their target price on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Craig Hallum dropped their price target 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. Wells Fargo & Company began coverage on shares of LiveRamp in a research report on Monday, October 28th. They set an “equal weight” rating and a $25.00 price objective on the stock. Finally, StockNews.com downgraded shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 16th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $41.14.

LiveRamp Stock Performance

RAMP stock opened at $28.85 on Tuesday. The company’s fifty day moving average price is $25.13 and its 200-day moving average price is $28.20. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $42.66. The company has a market capitalization of $1.88 billion, a PE ratio of 577.12 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. The business had revenue of $185.00 million during 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 business’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 EPS. On average, research analysts predict that LiveRamp Holdings, Inc. will post 0.37 EPS for the current fiscal year.

Insider Activity at LiveRamp

In other LiveRamp news, CTO Mohsin Hussain sold 5,773 shares of LiveRamp stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $25.98, for a total value of $149,982.54. Following the sale, the chief technology officer now owns 73,614 shares of the company’s stock, valued at $1,912,491.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Kimberly Bloomston sold 4,000 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $25.17, for a total value of $100,680.00. Following the completion of the transaction, the insider now owns 117,247 shares of the company’s stock, valued at approximately $2,951,106.99. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Mohsin Hussain sold 5,773 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $25.98, for a total value of $149,982.54. Following the sale, the chief technology officer now directly owns 73,614 shares in the company, valued at $1,912,491.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,538 shares of company stock valued at $495,471. 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.