Icon Advisers Inc. Co. Buys 20,000 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Icon Advisers Inc. Co. boosted its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 17.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 135,000 shares of the company’s stock after purchasing an additional 20,000 shares during the quarter. Icon Advisers Inc. Co. owned 0.21% of LiveRamp worth $4,100,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in RAMP. First Horizon Advisors Inc. acquired a new position in LiveRamp during the fourth quarter worth $38,000. Smartleaf Asset Management LLC grew its position in LiveRamp by 477.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock worth $49,000 after buying an additional 1,332 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of LiveRamp by 232.2% during the 4th quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock worth $52,000 after purchasing an additional 1,189 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in LiveRamp by 101.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock worth $62,000 after buying an additional 1,027 shares in the last quarter. Finally, KBC Group NV lifted its stake in LiveRamp by 57.0% during the fourth quarter. KBC Group NV now owns 3,457 shares of the company’s stock worth $105,000 after purchasing an additional 1,255 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Evercore ISI lifted their price target on LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and issued a $45.00 target price on shares of LiveRamp in a research report on Wednesday, February 26th. StockNews.com downgraded shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Morgan Stanley lifted their target price on LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $39.83.

LiveRamp Price Performance

NYSE:RAMP opened at $24.98 on Monday. The company’s 50-day simple moving average is $28.76 and its 200 day simple moving average is $28.94. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $38.00. The firm has a market capitalization of $1.64 billion, a P/E ratio of 2,498.10 and a beta of 1.05.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. On average, equities research analysts expect that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Activity

In other LiveRamp news, CRO Vihan Sharma sold 39,845 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $35.56, for a total value of $1,416,888.20. Following the sale, the executive now owns 110,902 shares in the company, valued at approximately $3,943,675.12. This represents a 26.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Mohsin Hussain sold 3,554 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $33.67, for a total value of $119,663.18. Following the sale, the chief technology officer now owns 57,594 shares of the company’s stock, valued at approximately $1,939,189.98. This trade represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.39% of the company’s stock.

LiveRamp Profile

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.