AlphaQuest LLC Increases Holdings in LiveRamp Holdings, Inc. $RAMP

AlphaQuest LLC lifted its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 76.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 15,605 shares of the company’s stock after purchasing an additional 6,768 shares during the quarter. AlphaQuest LLC’s holdings in LiveRamp were worth $516,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of LiveRamp by 3.2% in the first quarter. Vanguard Group Inc. now owns 9,131,290 shares of the company’s stock worth $238,692,000 after purchasing an additional 283,747 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of LiveRamp by 0.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,004,497 shares of the company’s stock worth $26,258,000 after purchasing an additional 8,537 shares during the last quarter. Boston Partners raised its stake in shares of LiveRamp by 15.3% in the first quarter. Boston Partners now owns 795,507 shares of the company’s stock worth $20,664,000 after purchasing an additional 105,450 shares during the last quarter. Invenomic Capital Management LP raised its stake in shares of LiveRamp by 49.8% in the first quarter. Invenomic Capital Management LP now owns 570,710 shares of the company’s stock worth $14,918,000 after purchasing an additional 189,690 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of LiveRamp by 2.3% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 519,875 shares of the company’s stock worth $13,590,000 after purchasing an additional 11,689 shares during the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

LiveRamp Trading Down 1.2%

Shares of RAMP opened at $27.85 on Wednesday. LiveRamp Holdings, Inc. has a 12 month low of $22.82 and a 12 month high of $36.08. The stock’s 50 day moving average is $27.51 and its two-hundred day moving average is $29.29. The firm has a market cap of $1.83 billion, a P/E ratio of 126.57 and a beta of 0.90.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. LiveRamp had a return on equity of 2.21% and a net margin of 1.89%.The company had revenue of $194.82 million for the quarter, compared to analyst estimates of $191.22 million. During the same period last year, the company earned $0.35 earnings per share. LiveRamp’s quarterly revenue was up 10.7% compared to the same quarter last year. Equities research analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Wall Street Analysts Forecast Growth

RAMP has been the subject of several research analyst reports. Zacks Research upgraded LiveRamp from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. DA Davidson started coverage on LiveRamp in a research report on Wednesday, July 9th. They set a “buy” rating and a $45.00 price target for the company. Wall Street Zen upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 13th. Morgan Stanley reduced their price target on LiveRamp from $34.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 12th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of LiveRamp in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, LiveRamp currently has a consensus rating of “Hold” and a consensus target price of $40.83.

Insider Activity

In other news, CTO Mohsin Hussain sold 12,734 shares of LiveRamp stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $27.94, for a total value of $355,787.96. Following the sale, the chief technology officer directly owned 63,409 shares of the company’s stock, valued at $1,771,647.46. The trade was a 16.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.31% of the stock is owned by corporate insiders.

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.