Quest Partners LLC Grows Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Quest Partners LLC lifted its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 68.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,998 shares of the company’s stock after buying an additional 1,222 shares during the period. Quest Partners LLC’s holdings in LiveRamp were worth $93,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Victory Capital Management Inc. lifted its position in LiveRamp by 13.9% during the 4th quarter. Victory Capital Management Inc. now owns 13,760 shares of the company’s stock worth $521,000 after acquiring an additional 1,674 shares in the last quarter. Dimensional Fund Advisors LP grew its position in LiveRamp by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,238,534 shares of the company’s stock valued at $84,798,000 after acquiring an additional 21,705 shares in the last quarter. Norges Bank purchased a new stake in shares of LiveRamp during the fourth quarter valued at approximately $16,546,000. Millrace Asset Group Inc. acquired a new position in shares of LiveRamp during the fourth quarter worth $2,373,000. Finally, Allianz Asset Management GmbH lifted its position in shares of LiveRamp by 1.9% during the fourth quarter. Allianz Asset Management GmbH now owns 198,889 shares of the company’s stock worth $7,534,000 after purchasing an additional 3,705 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Analyst Upgrades and Downgrades

RAMP has been the topic of several analyst reports. StockNews.com downgraded shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 16th. Benchmark reaffirmed a “buy” rating and set a $56.00 target price on shares of LiveRamp in a research report on Tuesday, August 6th. Evercore ISI reduced their price target on LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Craig Hallum dropped their price objective on LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Macquarie raised LiveRamp to a “strong-buy” rating in a research report on Thursday, August 8th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $46.80.

Insiders Place Their Bets

In other LiveRamp news, CTO Mohsin Hussain sold 5,773 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $25.98, for a total transaction of $149,982.54. Following the sale, the chief technology officer now directly owns 73,614 shares of the company’s stock, valued at $1,912,491.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.39% of the stock is currently owned by corporate insiders.

LiveRamp Stock Performance

NYSE:RAMP opened at $25.81 on Wednesday. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 142.72 and a beta of 0.96. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $42.66. The stock has a 50-day simple moving average of $27.19 and a 200 day simple moving average of $30.64.

LiveRamp (NYSE:RAMP) last issued its earnings results on Wednesday, August 7th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. LiveRamp had a return on equity of 2.14% and a net margin of 0.88%. The company had revenue of $175.96 million during the quarter, compared to analyst estimates of $171.92 million. During the same quarter last year, the firm earned $0.09 EPS. The business’s revenue was up 14.2% on a year-over-year basis. On average, equities research analysts forecast that LiveRamp Holdings, Inc. will post 0.37 EPS for the current fiscal year.

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.