Y Intercept Hong Kong Ltd Invests $2.84 Million in LiveRamp Holdings, Inc. $RAMP

Y Intercept Hong Kong Ltd acquired a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 104,797 shares of the company’s stock, valued at approximately $2,844,000. Y Intercept Hong Kong Ltd owned approximately 0.16% of LiveRamp at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RAMP. Headlands Technologies LLC acquired a new stake in shares of LiveRamp in the second quarter valued at about $31,000. Strs Ohio acquired a new stake in shares of LiveRamp in the 1st quarter valued at $31,000. Parkside Financial Bank & Trust raised its holdings in LiveRamp by 18.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 3,080 shares of the company’s stock worth $84,000 after acquiring an additional 487 shares during the period. Prudent Man Advisors LLC bought a new stake in LiveRamp in the second quarter valued at about $208,000. Finally, Cerity Partners LLC bought a new stake in shares of LiveRamp during the second quarter worth $229,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Trading Up 1.8%

Shares of RAMP traded up $0.44 during mid-day trading on Wednesday, reaching $25.61. 9,353 shares of the stock traded hands, compared to its average volume of 508,166. LiveRamp Holdings, Inc. has a 1 year low of $22.82 and a 1 year high of $36.08. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 41.98 and a beta of 1.12. The firm has a fifty day moving average price of $28.32 and a 200 day moving average price of $28.53.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.48 by $0.07. The business had revenue of $199.83 million during the quarter, compared to analysts’ expectations of $197.31 million. LiveRamp had a return on equity of 4.44% and a net margin of 5.15%.The firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 earnings per share. On average, sell-side analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Benchmark restated a “buy” rating on shares of LiveRamp in a report on Tuesday, November 4th. Cross Research set a $53.00 price target on LiveRamp in a report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of LiveRamp in a report on Monday, December 29th. Wells Fargo & Company upped their target price on LiveRamp from $31.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. Finally, Zacks Research lowered shares of LiveRamp from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, LiveRamp presently has a consensus rating of “Hold” and a consensus target price of $43.50.

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.