Wealthfront Advisers LLC Takes Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Wealthfront Advisers LLC acquired a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 55,104 shares of the company’s stock, valued at approximately $1,674,000. Wealthfront Advisers LLC owned approximately 0.08% of LiveRamp as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RAMP. Janney Montgomery Scott LLC bought a new position in shares of LiveRamp during the third quarter valued at approximately $780,000. State of New Jersey Common Pension Fund D boosted its stake in LiveRamp by 30.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 77,696 shares of the company’s stock valued at $1,925,000 after acquiring an additional 18,009 shares in the last quarter. Royce & Associates LP boosted its stake in LiveRamp by 75.6% in the third quarter. Royce & Associates LP now owns 317,910 shares of the company’s stock valued at $7,878,000 after acquiring an additional 136,900 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in LiveRamp by 55.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 355,131 shares of the company’s stock valued at $8,800,000 after acquiring an additional 126,527 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in LiveRamp in the third quarter valued at approximately $444,000. 93.83% of the stock is currently owned by institutional investors.

LiveRamp Price Performance

Shares of LiveRamp stock opened at $26.35 on Friday. The stock has a market cap of $1.73 billion, a PE ratio of 2,635.30 and a beta of 0.96. The firm has a fifty day moving average price of $31.49 and a 200 day moving average price of $28.82. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $38.00.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. As a group, equities analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on RAMP shares. Benchmark restated a “buy” rating and issued a $45.00 target price on shares of LiveRamp in a research note on Wednesday, February 26th. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Evercore ISI raised their price target on shares of LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, Morgan Stanley raised their price target on shares of LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.83.

Insider Activity at LiveRamp

In related news, CTO Mohsin Hussain sold 3,554 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $33.67, for a total transaction of $119,663.18. Following the completion of the sale, the chief technology officer now owns 57,594 shares of the company’s stock, valued at approximately $1,939,189.98. This represents a 5.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Vihan Sharma sold 39,845 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the sale, the executive now directly owns 110,902 shares of the company’s stock, valued at approximately $3,943,675.12. This represents a 26.43 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is owned by company insiders.

LiveRamp Company Profile

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.