Readystate Asset Management LP Takes Position in LiveRamp Holdings, Inc. $RAMP

Readystate Asset Management LP acquired a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 334,115 shares of the company’s stock, valued at approximately $12,576,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in LiveRamp by 246.4% in the first quarter. Royal Bank of Canada now owns 19,726 shares of the company’s stock valued at $515,000 after acquiring an additional 14,031 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of LiveRamp during the first quarter worth about $212,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of LiveRamp by 1.8% during the 1st 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 in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of LiveRamp by 6.9% during the 1st 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 in the last quarter. Finally, Caxton Associates LLP acquired a new position in shares of LiveRamp in the 1st quarter valued at approximately $309,000. 93.83% of the stock is currently owned by institutional investors.

LiveRamp Stock Up 0.0%

Shares of RAMP stock opened at $37.76 on Monday. LiveRamp Holdings, Inc. has a 12 month low of $21.71 and a 12 month high of $38.23. The company’s fifty day simple moving average is $37.76 and its 200-day simple moving average is $33.36. The firm has a market cap of $2.30 billion, a PE ratio of 15.48 and a beta of 1.25.

LiveRamp (NYSE:RAMP) last released its earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the firm earned $0.44 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities analysts predict that LiveRamp Holdings, Inc. will post 2.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

LiveRamp Company 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.