Globeflex Capital L P Makes New $542,000 Investment in LiveRamp Holdings, Inc. $RAMP

Globeflex Capital L P bought a new position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 18,438 shares of the company’s stock, valued at approximately $542,000.

Other large investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in LiveRamp during the second quarter worth approximately $31,000. Hantz Financial Services Inc. boosted its position in shares of 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 acquiring an additional 727 shares during the period. Strs Ohio bought a new stake in shares of LiveRamp in the first quarter valued at approximately $31,000. Picton Mahoney Asset Management bought a new stake in shares of LiveRamp in the third quarter valued at approximately $38,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of 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 acquiring an additional 583 shares during the period. Institutional investors own 93.83% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Weiss Ratings raised LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. Wells Fargo & Company increased their price objective on LiveRamp from $34.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. Craig Hallum cut LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price objective for the company. in a research report on Tuesday, May 19th. Morgan Stanley set a $38.50 price objective on LiveRamp in a research report on Friday, May 22nd. Finally, Evercore assumed coverage on LiveRamp in a research report on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 price objective for the company. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $40.21.

LiveRamp Price Performance

Shares of RAMP stock opened at $37.38 on Friday. The stock has a market cap of $2.25 billion, a P/E ratio of 16.39 and a beta of 1.27. LiveRamp Holdings, Inc. has a one year low of $21.71 and a one year high of $37.91. The stock has a fifty day moving average price of $30.76 and a 200 day moving average price of $28.55.

LiveRamp (NYSE:RAMP) last issued its earnings results on Sunday, May 17th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $206.09 million during the quarter, compared to analysts’ expectations of $205.49 million. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.LiveRamp’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the business earned $0.30 earnings per share. Equities research analysts anticipate that LiveRamp Holdings, Inc. will post 2.07 EPS for the current year.

LiveRamp declared that its Board of Directors has approved a stock repurchase program on Thursday, February 12th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to purchase up to 13.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

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.