Moore Capital Management LP Purchases New Shares in LiveRamp Holdings, Inc. $RAMP

Moore Capital Management LP acquired a new position in LiveRamp Holdings, Inc. (NYSE:RAMP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 40,000 shares of the company’s stock, valued at approximately $1,506,000. Moore Capital Management LP owned 0.07% of LiveRamp at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Headlands Technologies LLC bought a new position in LiveRamp in the 2nd quarter worth about $31,000. Sound Income Strategies LLC increased its holdings in LiveRamp by 769.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock worth $28,000 after purchasing an additional 946 shares during the period. Hantz Financial Services Inc. raised its position in LiveRamp by 197.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock valued at $32,000 after purchasing an additional 727 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of LiveRamp in the 2nd quarter worth $44,000. Finally, Strs Ohio purchased a new position in shares of LiveRamp during the first quarter valued at $31,000. Institutional investors own 93.83% of the company’s stock.

Analyst Ratings Changes

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

LiveRamp Price Performance

Shares of RAMP stock opened at $37.73 on Tuesday. The stock’s fifty day moving average price is $37.74 and its 200 day moving average price is $32.97. LiveRamp Holdings, Inc. has a 1-year low of $21.71 and a 1-year high of $38.23. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 15.46 and a beta of 1.29.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. LiveRamp had a return on equity of 9.77% and a net margin of 18.71%.The business had revenue of $213.99 million during the quarter, compared to the consensus estimate of $211.45 million. During the same quarter last year, the company earned $0.44 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, equities research analysts anticipate that LiveRamp Holdings, Inc. will post 2.04 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.