LiveRamp Holdings, Inc. $RAMP Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 23.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 242,816 shares of the company’s stock after acquiring an additional 45,662 shares during the period. Pacer Advisors Inc.’s holdings in LiveRamp were worth $6,439,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in LiveRamp in the second quarter valued at about $31,000. Sound Income Strategies LLC increased its position in shares of LiveRamp by 769.1% during the first quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock valued at $28,000 after acquiring an additional 946 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of LiveRamp by 197.0% in the 4th quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock valued at $32,000 after acquiring an additional 727 shares during the period. Strs Ohio purchased a new stake in shares of LiveRamp in the 1st quarter valued at approximately $31,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of LiveRamp by 63.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock worth $44,000 after acquiring an additional 583 shares during the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RAMP. Craig Hallum cut LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 target price for the company. in a report on Tuesday, May 19th. Weiss Ratings cut shares of LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. DA Davidson lowered shares of LiveRamp from a “buy” rating to a “neutral” rating and raised their price objective for the company from $35.00 to $38.50 in a research note on Monday, May 18th. Finally, Morgan Stanley set a $38.50 price objective on shares of LiveRamp in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, LiveRamp currently has an average rating of “Hold” and an average target price of $40.21.

LiveRamp Stock Performance

Shares of RAMP stock opened at $37.77 on Thursday. The stock’s 50-day moving average is $37.68 and its two-hundred day moving average is $31.28. LiveRamp Holdings, Inc. has a 1 year low of $21.71 and a 1 year high of $38.23. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 16.57 and a beta of 1.29.

LiveRamp (NYSE:RAMP) last announced its earnings results on Wednesday, August 5th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $213.99 million for the quarter, compared to analysts’ expectations of $211.45 million. LiveRamp had a net margin of 17.95% and a return on equity of 8.28%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 EPS. As a group, research analysts predict that LiveRamp Holdings, Inc. will post 2.07 EPS for the current year.

LiveRamp Company 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.