NINE MASTS CAPITAL Ltd Buys Shares of 14,266 LiveRamp Holdings, Inc. $RAMP

NINE MASTS CAPITAL Ltd bought a new position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 14,266 shares of the company’s stock, valued at approximately $537,000.

Other institutional investors have also made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of LiveRamp by 246.4% in the 1st quarter. Royal Bank of Canada now owns 19,726 shares of the company’s stock worth $515,000 after acquiring an additional 14,031 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in LiveRamp in the 1st quarter valued at approximately $212,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in LiveRamp by 1.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,234 shares of the company’s stock valued at $999,000 after purchasing an additional 677 shares during the period. Goldman Sachs Group Inc. raised its position in LiveRamp by 6.9% in the first quarter. Goldman Sachs Group Inc. now owns 377,443 shares of the company’s stock valued at $9,866,000 after purchasing an additional 24,330 shares during the period. Finally, Caxton Associates LLP acquired a new position in LiveRamp during the first quarter worth $309,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

LiveRamp Stock Down 0.4%

LiveRamp stock opened at $37.71 on Tuesday. LiveRamp Holdings, Inc. has a 52-week low of $21.71 and a 52-week high of $38.23. The firm has a market cap of $2.29 billion, a PE ratio of 15.45 and a beta of 1.29. The company’s 50 day moving average is $37.73 and its two-hundred day moving average is $31.98.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%. The business had revenue of $213.99 million during the quarter, compared to the consensus estimate of $211.45 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts anticipate that LiveRamp Holdings, Inc. will post 2.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RAMP has been the subject of several research analyst reports. Weiss Ratings upgraded LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Morgan Stanley set a $38.50 target price on LiveRamp in a research note on Friday, May 22nd. DA Davidson restated a “neutral” rating on shares of LiveRamp in a report on Tuesday, August 11th. Finally, Craig Hallum downgraded LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 target price for the company. in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, LiveRamp has a consensus rating of “Hold” and an average target price of $40.21.

LiveRamp Profile

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company’s core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp’s platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.