Ieq Capital LLC Purchases Shares of 23,914 LiveRamp Holdings, Inc. $RAMP

Ieq Capital LLC acquired a new position in LiveRamp Holdings, Inc. (NYSE:RAMP) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 23,914 shares of the company’s stock, valued at approximately $900,000.

A number of other institutional investors and hedge funds have also modified their holdings of RAMP. Headlands Technologies LLC bought a new position in LiveRamp in the second quarter worth $31,000. Sound Income Strategies LLC raised its stake in shares of LiveRamp by 769.1% in the 1st quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock valued at $28,000 after buying an additional 946 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of LiveRamp by 197.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock worth $32,000 after acquiring an additional 727 shares during the period. Strs Ohio acquired a new stake in shares of LiveRamp during the 1st quarter valued at about $31,000. Finally, EverSource Wealth Advisors LLC increased its stake 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 acquiring an additional 583 shares during the period. 93.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

LiveRamp Stock Up 0.4%

Shares of NYSE RAMP opened at $37.77 on Friday. The firm’s 50-day simple moving average is $37.74 and its 200 day simple moving average is $32.78. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 15.48 and a beta of 1.29. LiveRamp Holdings, Inc. has a 12-month low of $21.71 and a 12-month high of $38.23.

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

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.