23,914 Shares in LiveRamp Holdings, Inc. $RAMP Purchased by Ieq Capital LLC

Ieq Capital LLC acquired a new position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 23,914 shares of the company’s stock, valued at approximately $900,000.

A number of other large investors also recently added to or reduced their stakes in RAMP. Headlands Technologies LLC bought a new position in shares of LiveRamp in the 2nd quarter valued at about $31,000. Sound Income Strategies LLC raised its stake in shares of LiveRamp by 769.1% during the first quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock worth $28,000 after buying an additional 946 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in LiveRamp by 197.0% in the fourth quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock valued at $32,000 after buying an additional 727 shares during the period. Strs Ohio acquired a new position in LiveRamp in the first quarter valued at approximately $31,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in LiveRamp by 63.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock valued at $44,000 after buying an additional 583 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

LiveRamp Trading Up 0.4%

RAMP stock opened at $37.77 on Friday. LiveRamp Holdings, Inc. has a 1-year low of $21.71 and a 1-year high of $38.23. The firm has a market cap of $2.30 billion, a PE ratio of 15.48 and a beta of 1.29. The business’s 50-day moving average price is $37.74 and its two-hundred day moving average price is $32.78.

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

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Morgan Stanley set a $38.50 target price on shares of LiveRamp in a report on Friday, May 22nd. Craig Hallum downgraded LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target on the stock. in a research note on Tuesday, May 19th. DA Davidson restated a “neutral” rating on shares of LiveRamp in a research report on Tuesday, August 11th. Finally, Weiss Ratings raised LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $40.21.

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.