OMERS ADMINISTRATION Corp Makes New Investment in LiveRamp Holdings, Inc. $RAMP

OMERS ADMINISTRATION Corp bought a new position in LiveRamp Holdings, Inc. (NYSE:RAMP) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 536,900 shares of the company’s stock, valued at approximately $20,209,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of RAMP. Sound Income Strategies LLC boosted its position in shares of LiveRamp by 769.1% in 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 period. Headlands Technologies LLC purchased a new position in LiveRamp during the second quarter valued at approximately $31,000. Strs Ohio bought a new stake in LiveRamp during the 1st quarter worth approximately $31,000. Hantz Financial Services Inc. increased its holdings in LiveRamp by 197.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock worth $32,000 after acquiring an additional 727 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in 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 purchasing an additional 583 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Weiss Ratings raised shares of LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Craig Hallum cut shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target on the stock. in a report on Tuesday, May 19th. Morgan Stanley set a $38.50 price objective on LiveRamp in a research report on Friday, May 22nd. Finally, DA Davidson reissued a “neutral” rating on shares of LiveRamp in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, LiveRamp has an average rating of “Hold” and an average price target of $40.21.

LiveRamp Trading Up 0.2%

RAMP stock opened at $37.64 on Monday. The company’s 50 day moving average is $37.73 and its 200 day moving average is $32.36. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 15.43 and a beta of 1.29. LiveRamp Holdings, Inc. has a 1-year low of $21.71 and a 1-year high of $38.23.

LiveRamp (NYSE:RAMP) last announced its earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%. The business had revenue of $213.99 million during the quarter, compared to analyst estimates of $211.45 million. During the same period in the previous year, the business posted $0.44 earnings per share. LiveRamp’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, sell-side analysts forecast that LiveRamp Holdings, Inc. will post 2.04 EPS for the current fiscal 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.