Polar Asset Management Partners Inc. Buys Shares of 100,000 LiveRamp Holdings, Inc. $RAMP

Polar Asset Management Partners Inc. bought a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 100,000 shares of the company’s stock, valued at approximately $3,764,000. Polar Asset Management Partners Inc. owned about 0.16% of LiveRamp as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Nuance Investments LLC purchased a new position in LiveRamp during the second quarter valued at $3,033,000. OMERS ADMINISTRATION Corp bought a new stake in LiveRamp in the second quarter worth $20,209,000. Quantinno Capital Management LP grew its stake in shares of LiveRamp by 659.7% in the first quarter. Quantinno Capital Management LP now owns 133,412 shares of the company’s stock worth $3,538,000 after acquiring an additional 115,850 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of LiveRamp during the second quarter valued at $21,862,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of LiveRamp by 16.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,550,435 shares of the company’s stock valued at $41,118,000 after acquiring an additional 213,706 shares in the last quarter. 93.83% of the stock is owned by institutional investors.

LiveRamp Price Performance

Shares of RAMP opened at $37.70 on Wednesday. The firm has a market capitalization of $2.29 billion, a P/E ratio of 15.45 and a beta of 1.29. LiveRamp Holdings, Inc. has a one year low of $21.71 and a one year high of $38.23. The business has a fifty day moving average of $37.74 and a 200 day moving average of $32.57.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The company had revenue of $213.99 million for 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%.LiveRamp’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 earnings per share. Analysts expect that LiveRamp Holdings, Inc. will post 2.04 EPS for the current fiscal year.

Analyst Ratings Changes

RAMP has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Morgan Stanley set a $38.50 price objective on shares of LiveRamp in a research note on Friday, May 22nd. Craig Hallum cut shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 target price for the company. in a report on Tuesday, May 19th. Finally, DA Davidson reiterated a “neutral” rating on shares of LiveRamp in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, LiveRamp currently has a consensus rating of “Hold” and a consensus price target of $40.21.

LiveRamp Profile

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.