Y Intercept Hong Kong Ltd Invests $2.84 Million in LiveRamp Holdings, Inc. $RAMP

Y Intercept Hong Kong Ltd bought a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 104,797 shares of the company’s stock, valued at approximately $2,844,000.

Several other institutional investors have also recently made changes to their positions in RAMP. Teacher Retirement System of Texas boosted its holdings in shares of LiveRamp by 33.9% during the 3rd quarter. Teacher Retirement System of Texas now owns 83,832 shares of the company’s stock worth $2,275,000 after purchasing an additional 21,239 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in LiveRamp by 18.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 3,080 shares of the company’s stock valued at $84,000 after purchasing an additional 487 shares in the last quarter. Strs Ohio boosted its stake in shares of LiveRamp by 8.4% during the 3rd quarter. Strs Ohio now owns 28,400 shares of the company’s stock worth $771,000 after purchasing an additional 2,200 shares during the last quarter. Bailard Inc. grew its holdings in shares of LiveRamp by 20.9% during the third quarter. Bailard Inc. now owns 25,500 shares of the company’s stock worth $692,000 after buying an additional 4,400 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of LiveRamp by 24.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,608 shares of the company’s stock valued at $425,000 after buying an additional 3,026 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on RAMP shares. Weiss Ratings reiterated a “hold (c)” rating on shares of LiveRamp in a research note on Monday, December 29th. Cross Research set a $53.00 price target on LiveRamp in a report on Tuesday, November 4th. Benchmark reaffirmed a “buy” rating on shares of LiveRamp in a report on Tuesday, November 4th. Wells Fargo & Company upped their price objective on shares of LiveRamp from $31.00 to $34.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Finally, Morgan Stanley increased their price objective on LiveRamp from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 13th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, LiveRamp presently has an average rating of “Hold” and a consensus price target of $43.50.

LiveRamp Stock Up 1.8%

NYSE:RAMP traded up $0.44 during trading hours on Wednesday, reaching $25.61. The company had a trading volume of 9,353 shares, compared to its average volume of 508,166. The firm has a market capitalization of $1.63 billion, a PE ratio of 41.98 and a beta of 1.12. The stock has a 50-day moving average of $28.32 and a two-hundred day moving average of $28.53. LiveRamp Holdings, Inc. has a one year low of $22.82 and a one year high of $36.08.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.07. The business had revenue of $199.83 million for the quarter, compared to analyst estimates of $197.31 million. LiveRamp had a return on equity of 4.44% and a net margin of 5.15%.The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 earnings per share. As a group, sell-side analysts expect that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current 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.