Susquehanna Fundamental Investments LLC Invests $2.02 Million in LiveRamp Holdings, Inc. (NYSE:RAMP)

Susquehanna Fundamental Investments LLC acquired a new position in LiveRamp Holdings, Inc. (NYSE:RAMP) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 65,261 shares of the company’s stock, valued at approximately $2,019,000. Susquehanna Fundamental Investments LLC owned about 0.10% of LiveRamp as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DT Investment Partners LLC purchased a new position in shares of LiveRamp in the 2nd quarter worth approximately $27,000. Blue Trust Inc. grew its position in LiveRamp by 187.1% during the 2nd quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock worth $33,000 after purchasing an additional 694 shares during the last quarter. Covestor Ltd grew its position in LiveRamp by 44.9% during the 1st quarter. Covestor Ltd now owns 2,131 shares of the company’s stock worth $73,000 after purchasing an additional 660 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in LiveRamp during the 1st quarter worth approximately $87,000. Finally, Quest Partners LLC grew its position in LiveRamp by 68.8% during 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 during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Price Performance

RAMP opened at $24.78 on Tuesday. The firm has a fifty day moving average price of $25.89 and a 200 day moving average price of $30.02. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $42.66. The stock has a market cap of $1.66 billion, a P/E ratio of 137.64 and a beta of 0.96.

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, insider Kimberly Bloomston sold 4,000 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $25.17, for a total value of $100,680.00. Following the completion of the sale, the insider now directly owns 117,247 shares in the company, valued at $2,951,106.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Kimberly Bloomston sold 4,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $25.17, for a total value of $100,680.00. Following the completion of the sale, the insider now owns 117,247 shares of the company’s stock, valued at $2,951,106.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Debora B. Tomlin sold 9,765 shares of the stock in a transaction dated 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 directly owns 24,509 shares of the company’s stock, valued at approximately $614,440.63. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,538 shares of company stock worth $495,471. Company insiders own 3.39% of the company’s stock.

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.