GAMMA Investing LLC Boosts Stock Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

GAMMA Investing LLC raised its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 232.2% during the 4th quarter, Holdings Channel reports. The firm owned 1,701 shares of the company’s stock after buying an additional 1,189 shares during the quarter. GAMMA Investing LLC’s holdings in LiveRamp were worth $52,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in RAMP. American Capital Management Inc. grew its stake in LiveRamp by 46.7% during the 3rd quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock valued at $71,312,000 after purchasing an additional 916,578 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in LiveRamp by 111.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock valued at $13,857,000 after purchasing an additional 294,743 shares during the last quarter. Invenomic Capital Management LP grew its stake in LiveRamp by 257.7% during the 3rd quarter. Invenomic Capital Management LP now owns 337,574 shares of the company’s stock valued at $8,365,000 after purchasing an additional 243,198 shares during the last quarter. Millennium Management LLC grew its stake in LiveRamp by 143.8% during the 2nd quarter. Millennium Management LLC now owns 395,619 shares of the company’s stock valued at $12,240,000 after purchasing an additional 233,329 shares during the last quarter. Finally, EVR Research LP purchased a new stake in LiveRamp during the 2nd quarter valued at about $5,879,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on RAMP shares. Morgan Stanley reissued an “equal weight” rating and issued a $35.00 price objective on shares of LiveRamp in a report on Monday. Wells Fargo & Company started coverage on LiveRamp in a report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price objective for the company. Benchmark decreased their price objective on LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, November 7th. StockNews.com raised LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Finally, Macquarie reissued an “outperform” rating and issued a $43.00 price objective on shares of LiveRamp in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, LiveRamp presently has a consensus rating of “Moderate Buy” and an average price target of $39.71.

LiveRamp Trading Down 0.3 %

NYSE RAMP opened at $29.24 on Tuesday. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 584.92 and a beta of 0.96. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $42.66. The stock has a 50-day moving average of $30.17 and a 200 day moving average of $27.86.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.14. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The company had revenue of $185.00 million during the quarter, compared to analysts’ expectations of $176.16 million. During the same quarter in the prior year, the firm posted $0.21 EPS. LiveRamp’s quarterly revenue was up 15.6% compared to the same quarter last year. Equities analysts predict that LiveRamp Holdings, Inc. will post 0.36 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.