Invenomic Capital Management LP Grows Stock Holdings in LiveRamp Holdings, Inc. $RAMP

Invenomic Capital Management LP boosted its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 29.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 607,797 shares of the company’s stock after acquiring an additional 138,031 shares during the period. Invenomic Capital Management LP owned about 0.96% of LiveRamp worth $17,851,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lido Advisors LLC grew its stake in shares of LiveRamp by 4.8% during the 4th quarter. Lido Advisors LLC now owns 9,418 shares of the company’s stock valued at $261,000 after buying an additional 429 shares during the period. Central Pacific Bank Trust Division grew its stake in shares of LiveRamp by 4.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 10,169 shares of the company’s stock valued at $299,000 after buying an additional 470 shares during the period. Engineers Gate Manager LP grew its stake in shares of LiveRamp by 0.5% during the 2nd quarter. Engineers Gate Manager LP now owns 113,424 shares of the company’s stock valued at $3,748,000 after buying an additional 561 shares during the period. US Bancorp DE grew its stake in shares of LiveRamp by 8.8% during the 3rd quarter. US Bancorp DE now owns 6,944 shares of the company’s stock valued at $188,000 after buying an additional 564 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of LiveRamp by 63.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock valued at $44,000 after buying an additional 583 shares during the period. 93.83% of the stock is owned by hedge funds and other institutional investors.

LiveRamp Trading Up 0.1%

Shares of LiveRamp stock opened at $37.65 on Thursday. The company has a fifty day moving average price of $32.76 and a 200 day moving average price of $29.11. LiveRamp Holdings, Inc. has a twelve month low of $21.71 and a twelve month high of $37.92. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 16.51 and a beta of 1.27.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RAMP. Morgan Stanley set a $38.50 price objective on shares of LiveRamp in a research note on Friday, May 22nd. Weiss Ratings cut shares of LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. 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. DA Davidson cut shares of LiveRamp from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $35.00 to $38.50 in a research note on Monday, May 18th. Finally, Craig Hallum cut shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price objective for the company. in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.