Geode Capital Management LLC Has $37.02 Million Stock Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Geode Capital Management LLC lifted its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 1.0% during the third quarter, HoldingsChannel reports. The firm owned 1,493,522 shares of the company’s stock after purchasing an additional 15,340 shares during the period. Geode Capital Management LLC’s holdings in LiveRamp were worth $37,017,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. American Capital Management Inc. grew its holdings in shares of LiveRamp by 46.7% during the 3rd quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock worth $71,312,000 after purchasing an additional 916,578 shares in the last quarter. Fort Washington Investment Advisors Inc. OH bought a new stake in LiveRamp in the 2nd quarter valued at $13,214,000. Assenagon Asset Management S.A. raised its stake in shares of LiveRamp by 111.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock valued at $13,857,000 after buying an additional 294,743 shares in the last quarter. Invenomic Capital Management LP lifted its holdings in shares of LiveRamp by 257.7% during the 3rd quarter. Invenomic Capital Management LP now owns 337,574 shares of the company’s stock worth $8,365,000 after acquiring an additional 243,198 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of LiveRamp by 143.8% during the 2nd quarter. Millennium Management LLC now owns 395,619 shares of the company’s stock worth $12,240,000 after acquiring an additional 233,329 shares during the period. 93.83% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Debora B. Tomlin sold 9,765 shares of LiveRamp 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 sale, the director now directly owns 24,509 shares of the company’s stock, valued at approximately $614,440.63. This trade represents a 28.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kimberly Bloomston sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.17, for a total transaction of $100,680.00. Following the sale, the insider now directly owns 117,247 shares in the company, valued at $2,951,106.99. The trade was a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wells Fargo & Company initiated coverage on LiveRamp in a report on Monday, October 28th. They set an “equal weight” rating and a $25.00 price objective on the stock. Macquarie reiterated an “outperform” rating and issued a $43.00 price target on shares of LiveRamp in a research report on Thursday, November 7th. StockNews.com upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Finally, Benchmark reduced their target price on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $41.14.

LiveRamp Price Performance

Shares of NYSE:RAMP opened at $30.90 on Wednesday. The company’s 50-day moving average price is $28.61 and its two-hundred day moving average price is $27.83. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $42.66. The stock has a market capitalization of $2.02 billion, a PE ratio of 618.12 and a beta of 0.97.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.14. The company had revenue of $185.00 million for the quarter, compared to analyst estimates of $176.16 million. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. LiveRamp’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 EPS. On average, analysts anticipate that LiveRamp Holdings, Inc. will post 0.36 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.