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

Invenomic Capital Management LP boosted its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 29.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 607,797 shares of the company’s stock after buying an additional 138,031 shares during the quarter. Invenomic Capital Management LP’s holdings in LiveRamp were worth $17,851,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in RAMP. Fuller & Thaler Asset Management Inc. acquired a new position in LiveRamp in the 4th quarter worth $55,256,000. Boston Partners lifted its holdings in LiveRamp by 56.6% in the 3rd quarter. Boston Partners now owns 1,269,623 shares of the company’s stock worth $34,746,000 after buying an additional 459,094 shares in the last quarter. 4D Advisors LLC acquired a new position in LiveRamp in the 3rd quarter worth $5,428,000. Fort Washington Investment Advisors Inc. OH lifted its holdings in LiveRamp by 11.3% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,431,189 shares of the company’s stock worth $42,034,000 after buying an additional 145,745 shares in the last quarter. Finally, ExodusPoint Capital Management LP acquired a new position in LiveRamp in the 4th quarter worth $4,263,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Weiss Ratings lowered shares of LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. DA Davidson lowered shares of LiveRamp from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $35.00 to $38.50 in a report on Monday, May 18th. Morgan Stanley set a $38.50 price objective on shares of LiveRamp in a report on Friday, May 22nd. Craig Hallum lowered shares of 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. Finally, Evercore assumed coverage on shares of LiveRamp in a report on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 price objective on the stock. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, LiveRamp currently has an average rating of “Hold” and a consensus price target of $40.21.

LiveRamp Stock Performance

Shares of LiveRamp stock opened at $37.65 on Thursday. The firm has a market cap of $2.26 billion, a PE ratio of 16.51 and a beta of 1.27. The firm’s 50-day simple moving average is $32.76 and its 200-day simple moving average is $29.11. LiveRamp Holdings, Inc. has a 1 year low of $21.71 and a 1 year high of $37.92.

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

LiveRamp Company 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.