Renaissance Technologies LLC Has $13.89 Million Holdings in LiveRamp Holdings, Inc. $RAMP

Renaissance Technologies LLC cut its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 2.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 523,699 shares of the company’s stock after selling 14,000 shares during the period. Renaissance Technologies LLC’s holdings in LiveRamp were worth $13,888,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of RAMP. Hillsdale Investment Management Inc. lifted its position in shares of LiveRamp by 12.3% in the first quarter. Hillsdale Investment Management Inc. now owns 284,750 shares of the company’s stock worth $7,552,000 after buying an additional 31,080 shares during the last quarter. Globeflex Capital L P bought a new stake in shares of LiveRamp during the 4th quarter worth about $542,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of LiveRamp by 16.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,550,435 shares of the company’s stock valued at $41,118,000 after acquiring an additional 213,706 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of LiveRamp by 37.0% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,960,674 shares of the company’s stock valued at $51,997,000 after acquiring an additional 529,485 shares during the last quarter. Finally, LSV Asset Management increased its holdings in shares of LiveRamp by 36.3% during the 4th quarter. LSV Asset Management now owns 191,300 shares of the company’s stock valued at $5,618,000 after acquiring an additional 50,900 shares during the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

LiveRamp Price Performance

RAMP stock opened at $37.87 on Friday. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 16.61 and a beta of 1.27. The company has a 50-day moving average of $37.67 and a two-hundred day moving average of $31.01. LiveRamp Holdings, Inc. has a 52-week low of $21.71 and a 52-week high of $38.23.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Monday, May 18th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.The business had revenue of $206.09 million for the quarter, compared to analyst estimates of $205.49 million. During the same period in the previous year, the company posted $0.30 earnings per share. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. Equities analysts expect that LiveRamp Holdings, Inc. will post 2.07 EPS for the current fiscal year.

Analysts Set New Price Targets

RAMP has been the subject of several analyst reports. DA Davidson lowered LiveRamp from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $35.00 to $38.50 in a report on Monday, May 18th. Morgan Stanley set a $38.50 price target on LiveRamp in a report on Friday, May 22nd. Weiss Ratings lowered shares of LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Finally, Craig Hallum lowered shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target on the stock. 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’s stock. Based on data from MarketBeat.com, LiveRamp currently has an average rating of “Hold” and an average price target of $40.21.

About LiveRamp

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.