Point72 Asset Management L.P. Invests $416,000 in LiveRamp Holdings, Inc. (NYSE:RAMP)

Point72 Asset Management L.P. bought a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,447 shares of the company’s stock, valued at approximately $416,000.

Several other hedge funds also recently bought and sold shares of RAMP. Illinois Municipal Retirement Fund raised its holdings in LiveRamp by 1.2% during the first quarter. Illinois Municipal Retirement Fund now owns 38,264 shares of the company’s stock valued at $1,320,000 after acquiring an additional 461 shares during the period. Louisiana State Employees Retirement System boosted its stake in LiveRamp by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 33,300 shares of the company’s stock worth $1,030,000 after purchasing an additional 500 shares during the period. Arizona State Retirement System boosted its stake in LiveRamp by 2.9% in the 2nd quarter. Arizona State Retirement System now owns 18,528 shares of the company’s stock worth $573,000 after purchasing an additional 523 shares during the period. Covestor Ltd grew its holdings in LiveRamp by 44.9% during the 1st quarter. Covestor Ltd now owns 2,131 shares of the company’s stock valued at $73,000 after buying an additional 660 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of LiveRamp by 187.1% in the second quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock worth $33,000 after buying an additional 694 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.

LiveRamp Price Performance

NYSE:RAMP opened at $24.49 on Friday. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 135.00 and a beta of 0.96. The business has a 50 day simple moving average of $25.53 and a 200-day simple moving average of $29.88. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $42.66.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data 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 net margin of 0.88% and a return on equity of 2.14%. The company had revenue of $175.96 million during the quarter, compared to analyst estimates of $171.92 million. During the same period in the previous year, the firm earned $0.09 earnings per share. LiveRamp’s quarterly revenue was up 14.2% compared to the same quarter last year. As a group, analysts expect that LiveRamp Holdings, Inc. will post 0.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Debora B. Tomlin sold 9,765 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.07, for a total transaction of $244,808.55. Following the transaction, the director now owns 24,509 shares of the company’s stock, valued at approximately $614,440.63. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Debora B. Tomlin sold 9,765 shares of LiveRamp stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $25.07, for a total transaction of $244,808.55. Following the completion of the sale, the director now directly owns 24,509 shares in the company, valued at approximately $614,440.63. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kimberly Bloomston sold 4,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $25.17, for a total transaction of $100,680.00. Following the completion of the transaction, the insider now owns 117,247 shares in the company, valued at approximately $2,951,106.99. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,538 shares of company stock valued at $495,471 in the last ninety days. 3.39% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on RAMP shares. Evercore ISI cut their target price on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. StockNews.com downgraded LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 16th. Macquarie upgraded LiveRamp to a “strong-buy” rating in a report on Thursday, August 8th. Benchmark reaffirmed a “buy” rating and set a $56.00 price objective on shares of LiveRamp in a report on Tuesday, August 6th. Finally, Craig Hallum cut their target price 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $46.80.

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.