Bridge City Capital LLC Takes $1.79 Million Position in LiveRamp Holdings, Inc. $RAMP

Bridge City Capital LLC bought a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 60,766 shares of the company’s stock, valued at approximately $1,785,000.

Other institutional investors have also modified their holdings of the company. Invenomic Capital Management LP increased its holdings in shares of LiveRamp by 61.4% in the third quarter. Invenomic Capital Management LP now owns 469,766 shares of the company’s stock valued at $12,749,000 after purchasing an additional 178,799 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of LiveRamp in the third quarter valued at approximately $1,042,000. Public Sector Pension Investment Board increased its holdings in shares of LiveRamp by 33.7% in the third quarter. Public Sector Pension Investment Board now owns 299,339 shares of the company’s stock valued at $8,124,000 after purchasing an additional 75,398 shares during the period. ArrowMark Colorado Holdings LLC increased its holdings in shares of LiveRamp by 25.9% in the third quarter. ArrowMark Colorado Holdings LLC now owns 345,314 shares of the company’s stock valued at $9,372,000 after purchasing an additional 71,000 shares during the period. Finally, Elo Mutual Pension Insurance Co increased its holdings in shares of LiveRamp by 271.7% in the third quarter. Elo Mutual Pension Insurance Co now owns 67,200 shares of the company’s stock valued at $1,824,000 after purchasing an additional 49,123 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Stock Performance

RAMP opened at $37.60 on Friday. The business’s fifty day moving average is $32.14 and its two-hundred day moving average is $28.93. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 16.49 and a beta of 1.27. LiveRamp Holdings, Inc. has a one year low of $21.71 and a one year high of $37.92.

LiveRamp (NYSE:RAMP) last posted its earnings results on Monday, May 18th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $206.09 million for the quarter, compared to the consensus estimate of $205.49 million. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.LiveRamp’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 earnings per share. On average, analysts predict that LiveRamp Holdings, Inc. will post 2.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Morgan Stanley set a $38.50 price objective on LiveRamp in a report on Friday, May 22nd. Craig Hallum lowered LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price objective on the stock. in a report on Tuesday, May 19th. Weiss Ratings lowered LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. DA Davidson lowered LiveRamp from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $35.00 to $38.50 in a report on Monday, May 18th. Finally, Evercore assumed coverage on LiveRamp in a report on Tuesday, March 24th. They set an “outperform” rating and a $37.00 price objective on the stock. 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 MarketBeat.com, LiveRamp has a consensus rating of “Hold” and a consensus target price of $40.21.

LiveRamp 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.