Moore Capital Management LP Buys Shares of 40,000 LiveRamp Holdings, Inc. $RAMP

Moore Capital Management LP purchased a new position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 40,000 shares of the company’s stock, valued at approximately $1,506,000.

Several other institutional investors also recently made changes to their positions in RAMP. Azzad Asset Management Inc. ADV lifted its stake in shares of LiveRamp by 1.1% in the first quarter. Azzad Asset Management Inc. ADV now owns 32,887 shares of the company’s stock valued at $872,000 after purchasing an additional 353 shares during the period. Lido Advisors LLC boosted its position in LiveRamp by 4.8% during the fourth quarter. Lido Advisors LLC now owns 9,418 shares of the company’s stock worth $261,000 after purchasing an additional 429 shares in the last quarter. NewEdge Advisors LLC grew its holdings in LiveRamp by 6.1% in the first quarter. NewEdge Advisors LLC now owns 8,026 shares of the company’s stock valued at $213,000 after purchasing an additional 465 shares during the last quarter. Engineers Gate Manager LP increased its position in shares of LiveRamp by 0.5% in the second quarter. Engineers Gate Manager LP now owns 113,424 shares of the company’s stock valued at $3,748,000 after buying an additional 561 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of LiveRamp by 8.8% during the 3rd quarter. US Bancorp DE now owns 6,944 shares of the company’s stock worth $188,000 after buying an additional 564 shares during the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

LiveRamp Stock Performance

Shares of RAMP stock opened at $37.73 on Tuesday. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 15.46 and a beta of 1.29. The company has a 50 day moving average price of $37.74 and a 200 day moving average price of $32.97. LiveRamp Holdings, Inc. has a one year low of $21.71 and a one year high of $38.23.

LiveRamp (NYSE:RAMP) last announced 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 return on equity of 9.77% and a net margin of 18.71%.The company had revenue of $213.99 million during the quarter, compared to analyst estimates of $211.45 million. During the same period in the prior year, the firm posted $0.44 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. As a group, equities analysts forecast that LiveRamp Holdings, Inc. will post 2.04 EPS for the current fiscal year.

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.