Exchange Traded Concepts LLC Increases Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Exchange Traded Concepts LLC grew its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,193 shares of the company’s stock after acquiring an additional 2,872 shares during the quarter. Exchange Traded Concepts LLC’s holdings in LiveRamp were worth $2,132,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. DT Investment Partners LLC increased its stake in LiveRamp by 62.6% in the 3rd quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock worth $35,000 after buying an additional 545 shares during the period. Carolina Wealth Advisors LLC increased its stake in LiveRamp by 2.2% in the 4th quarter. Carolina Wealth Advisors LLC now owns 25,608 shares of the company’s stock worth $778,000 after buying an additional 560 shares during the period. Quarry LP increased its stake in LiveRamp by 4,575.0% in the 2nd quarter. Quarry LP now owns 935 shares of the company’s stock worth $29,000 after buying an additional 915 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in LiveRamp by 0.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,059 shares of the company’s stock worth $4,041,000 after buying an additional 1,001 shares during the period. Finally, GAMMA Investing LLC increased its stake in LiveRamp by 232.2% in the 4th quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock worth $52,000 after buying an additional 1,189 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on RAMP shares. Morgan Stanley reaffirmed an “equal weight” rating and issued a $35.00 price target on shares of LiveRamp in a research note on Monday, January 13th. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Benchmark cut their target price on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Wells Fargo & Company assumed coverage on shares of LiveRamp in a research report on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price on the stock. Finally, Macquarie reissued an “outperform” rating and set a $43.00 target price on shares of LiveRamp in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $39.71.

LiveRamp Stock Performance

NYSE:RAMP opened at $33.58 on Monday. LiveRamp Holdings, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $42.10. The stock has a market capitalization of $2.19 billion, a P/E ratio of 671.73 and a beta of 0.96. The company’s 50-day simple moving average is $30.96 and its 200-day simple moving average is $27.91.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.14. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The business had revenue of $185.00 million for the quarter, compared to analysts’ expectations of $176.16 million. During the same period last year, the business earned $0.21 EPS. The company’s revenue was up 15.6% compared to the same quarter last year. On average, research analysts forecast that LiveRamp Holdings, Inc. will post 0.36 EPS for the current year.

About LiveRamp

LiveRamp Holdings, Inc, a technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally. The company operates LiveRamp Data Collaboration platform enables an organization to unify customer and prospect data to build a single view of the customer in a way that protects consumer privacy.