Skandinaviska Enskilda Banken AB publ Makes New $169,000 Investment in LiveRamp Holdings, Inc. (NYSE:RAMP)

Skandinaviska Enskilda Banken AB publ purchased a new position in LiveRamp Holdings, Inc. (NYSE:RAMP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,474 shares of the company’s stock, valued at approximately $169,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. King Luther Capital Management Corp boosted its holdings in LiveRamp by 4.6% in the 2nd quarter. King Luther Capital Management Corp now owns 143,611 shares of the company’s stock worth $4,443,000 after buying an additional 6,255 shares during the period. Hsbc Holdings PLC boosted its stake in shares of LiveRamp by 623.8% in the second quarter. Hsbc Holdings PLC now owns 93,317 shares of the company’s stock worth $2,858,000 after acquiring an additional 80,424 shares during the period. Dimensional Fund Advisors LP grew its position in shares of LiveRamp by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,265,391 shares of the company’s stock worth $70,090,000 after purchasing an additional 161,373 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in LiveRamp during the 2nd quarter valued at approximately $149,000. Finally, Quest Partners LLC lifted its holdings in LiveRamp by 68.8% in the 2nd quarter. Quest Partners LLC now owns 2,998 shares of the company’s stock worth $93,000 after purchasing an additional 1,222 shares in the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CTO Mohsin Hussain sold 5,773 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $25.98, for a total value of $149,982.54. Following the sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. 3.39% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on RAMP shares. StockNews.com cut shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 16th. Macquarie raised shares of LiveRamp to a “strong-buy” rating in a report on Thursday, August 8th. Benchmark reaffirmed a “buy” rating and issued a $56.00 target price on shares of LiveRamp in a report on Tuesday, August 6th. Evercore ISI cut 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. Finally, Craig Hallum decreased 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. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $46.80.

LiveRamp Price Performance

Shares of RAMP stock opened at $25.44 on Wednesday. The company has a market cap of $1.71 billion, a PE ratio of 141.33 and a beta of 0.96. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $42.66. The stock’s 50 day simple moving average is $26.45 and its two-hundred day simple moving average is $30.28.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.35 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $171.92 million. During the same quarter in the prior year, the firm posted $0.09 EPS. LiveRamp’s quarterly revenue was up 14.2% compared to the same quarter last year. Equities research analysts expect that LiveRamp Holdings, Inc. will post 0.37 EPS for the current 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.