Counterpoint Mutual Funds LLC Invests $582,000 in LiveRamp Holdings, Inc. $RAMP

Counterpoint Mutual Funds LLC bought a new position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 21,947 shares of the company’s stock, valued at approximately $582,000.

Several other hedge funds also recently added to or reduced their stakes in RAMP. Sound Income Strategies LLC boosted its holdings in LiveRamp by 769.1% in the first quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock worth $28,000 after acquiring an additional 946 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in shares of LiveRamp by 37.0% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,960,674 shares of the company’s stock worth $51,997,000 after acquiring an additional 529,485 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of LiveRamp by 18.2% during the first quarter. Pictet Asset Management Holding SA now owns 11,854 shares of the company’s stock valued at $314,000 after acquiring an additional 1,824 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of LiveRamp during the first quarter valued at about $743,000. Finally, OP Asset Management Ltd purchased a new position in shares of LiveRamp in the 1st quarter valued at approximately $558,000. 93.83% of the stock is owned by institutional investors and hedge funds.

LiveRamp Stock Performance

Shares of RAMP stock opened at $37.70 on Friday. The stock’s 50-day simple moving average is $35.15 and its 200-day simple moving average is $29.80. The firm has a market capitalization of $2.27 billion, a PE ratio of 16.54 and a beta of 1.27. LiveRamp Holdings, Inc. has a fifty-two week low of $21.71 and a fifty-two week high of $37.92.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data on Monday, May 18th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.The firm had revenue of $206.09 million during the quarter, compared to analysts’ expectations of $205.49 million. During the same period last year, the business posted $0.30 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. Sell-side analysts forecast that LiveRamp Holdings, Inc. will post 2.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RAMP. 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 research note on Tuesday, May 19th. DA Davidson lowered shares of LiveRamp from a “buy” rating to a “neutral” rating and upped their price target for the company from $35.00 to $38.50 in a research note on Monday, May 18th. Weiss Ratings lowered shares of LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Morgan Stanley set a $38.50 price target on shares of LiveRamp in a report on Friday, May 22nd. Finally, Evercore began coverage on shares of LiveRamp in a research note on Tuesday, March 24th. They set an “outperform” rating and a $37.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, LiveRamp presently has an average rating of “Hold” and an average target price of $40.21.

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.