LiveRamp Holdings, Inc. $RAMP Shares Purchased by Invenomic Capital Management LP

Invenomic Capital Management LP boosted its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 61.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 469,766 shares of the company’s stock after acquiring an additional 178,799 shares during the quarter. Invenomic Capital Management LP owned about 0.74% of LiveRamp worth $12,749,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RAMP. Tributary Capital Management LLC grew its holdings in shares of LiveRamp by 134.0% during the 3rd quarter. Tributary Capital Management LLC now owns 1,059,040 shares of the company’s stock worth $28,742,000 after purchasing an additional 606,389 shares during the period. Boston Partners raised its holdings in LiveRamp by 56.6% in the 3rd quarter. Boston Partners now owns 1,269,623 shares of the company’s stock valued at $34,746,000 after buying an additional 459,094 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its position in LiveRamp by 32.3% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,285,444 shares of the company’s stock valued at $34,887,000 after buying an additional 313,868 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in LiveRamp by 170.1% in the third quarter. Assenagon Asset Management S.A. now owns 473,459 shares of the company’s stock valued at $12,850,000 after buying an additional 298,197 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in LiveRamp by 366.7% during the second quarter. Marshall Wace LLP now owns 343,282 shares of the company’s stock worth $11,342,000 after buying an additional 269,719 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Trading Down 2.1%

Shares of NYSE:RAMP opened at $27.95 on Monday. LiveRamp Holdings, Inc. has a 52 week low of $21.71 and a 52 week high of $35.20. The company’s 50 day moving average is $26.01 and its two-hundred day moving average is $27.55. The company has a market cap of $1.76 billion, a PE ratio of 26.37 and a beta of 1.12.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. The business had revenue of $212.20 million during the quarter, compared to analysts’ expectations of $211.68 million. LiveRamp had a net margin of 8.64% and a return on equity of 6.40%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 EPS. As a group, equities research analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

LiveRamp declared that its board has approved a share repurchase plan on Thursday, February 12th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 13.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

RAMP has been the topic of a number of research analyst reports. Zacks Research downgraded shares of LiveRamp from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Wells Fargo & Company lifted their target price on shares of LiveRamp from $34.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. Benchmark decreased their price target on LiveRamp from $53.00 to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LiveRamp in a research note on Monday, December 29th. Finally, DA Davidson lowered their target price on LiveRamp from $45.00 to $35.00 and set a “buy” rating for the company in a report on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $39.40.

About LiveRamp

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.