Polar Asset Management Partners Inc. Makes New $3.76 Million Investment in LiveRamp Holdings, Inc. $RAMP

Polar Asset Management Partners Inc. acquired a new position in LiveRamp Holdings, Inc. (NYSE:RAMP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 100,000 shares of the company’s stock, valued at approximately $3,764,000.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of LiveRamp during the 2nd quarter valued at approximately $381,301,000. Dimensional Fund Advisors LP raised its stake in LiveRamp by 15.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,772,213 shares of the company’s stock worth $73,519,000 after acquiring an additional 365,894 shares during the period. Schroder Investment Management Group lifted its holdings in LiveRamp by 3.9% during the fourth quarter. Schroder Investment Management Group now owns 2,609,061 shares of the company’s stock valued at $77,750,000 after purchasing an additional 96,867 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in shares of LiveRamp by 37.0% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,960,674 shares of the company’s stock worth $51,997,000 after purchasing an additional 529,485 shares during the period. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of LiveRamp in the fourth quarter worth approximately $55,256,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RAMP has been the topic of several recent analyst reports. Morgan Stanley set a $38.50 price objective on shares of LiveRamp in a research report on Friday, May 22nd. Weiss Ratings upgraded LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Craig Hallum cut LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target on the stock. in a report on Tuesday, May 19th. Finally, DA Davidson reaffirmed a “neutral” rating on shares of LiveRamp in a research note on Tuesday, August 11th. 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $40.21.

LiveRamp Stock Up 0.2%

LiveRamp stock opened at $37.70 on Wednesday. The company’s 50-day moving average price is $37.74 and its 200-day moving average price is $32.57. The company has a market cap of $2.29 billion, a PE ratio of 15.45 and a beta of 1.29. LiveRamp Holdings, Inc. has a twelve month low of $21.71 and a twelve month high of $38.23.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $213.99 million during the quarter, compared to the consensus estimate of $211.45 million. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 EPS. As a group, sell-side analysts expect that LiveRamp Holdings, Inc. will post 2.04 earnings per share for the current fiscal year.

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.