Magnetar Financial LLC Purchases Shares of 12,209 LiveRamp Holdings, Inc. (NYSE:RAMP)

Magnetar Financial LLC purchased a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 12,209 shares of the company’s stock, valued at approximately $378,000.

A number of other institutional investors have also made changes to their positions in RAMP. Vanguard Group Inc. grew its holdings in shares of LiveRamp by 1.4% in the first quarter. Vanguard Group Inc. now owns 8,174,985 shares of the company’s stock valued at $282,037,000 after purchasing an additional 115,685 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of LiveRamp by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,265,391 shares of the company’s stock valued at $70,090,000 after purchasing an additional 161,373 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of LiveRamp by 2.0% in the first quarter. Janus Henderson Group PLC now owns 2,251,094 shares of the company’s stock valued at $77,662,000 after purchasing an additional 44,808 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of LiveRamp by 286.9% in the first quarter. Jennison Associates LLC now owns 1,407,098 shares of the company’s stock valued at $48,545,000 after purchasing an additional 1,043,457 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of LiveRamp by 182.3% in the first quarter. Boston Partners now owns 851,397 shares of the company’s stock valued at $29,226,000 after purchasing an additional 549,846 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RAMP has been the subject of a number of research reports. StockNews.com cut shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 16th. Benchmark restated a “buy” rating and issued a $56.00 price objective on shares of LiveRamp in a report on Tuesday, August 6th. Evercore ISI lowered their price target on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Macquarie upgraded shares of LiveRamp to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Craig Hallum lowered their price target on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, LiveRamp presently has a consensus rating of “Buy” and a consensus price target of $46.80.

Insider Buying and Selling at LiveRamp

In other news, CTO Mohsin Hussain sold 5,773 shares of the company’s 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 transaction, the chief technology officer now directly owns 73,614 shares of the company’s stock, valued at approximately $1,912,491.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.39% of the stock is currently owned by corporate insiders.

LiveRamp Stock Down 0.9 %

NYSE RAMP opened at $25.44 on Wednesday. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $42.66. The stock has a market capitalization of $1.71 billion, a PE ratio of 141.33 and a beta of 0.96. The firm has a 50 day moving average of $26.45 and a two-hundred day moving average of $30.28.

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

About LiveRamp

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.