Quantinno Capital Management LP Increases Holdings in LiveRamp Holdings, Inc. $RAMP

Quantinno Capital Management LP grew its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 659.7% during the 1st quarter, HoldingsChannel reports. The fund owned 133,412 shares of the company’s stock after purchasing an additional 115,850 shares during the quarter. Quantinno Capital Management LP’s holdings in LiveRamp were worth $3,538,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Sound Income Strategies LLC increased its holdings in shares of LiveRamp by 769.1% during the first quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock valued at $28,000 after acquiring an additional 946 shares in the last quarter. Headlands Technologies LLC bought a new position in LiveRamp in the 2nd quarter worth about $31,000. Strs Ohio bought a new position in LiveRamp in the 1st quarter worth about $31,000. Hantz Financial Services Inc. grew its position in LiveRamp by 197.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock valued at $32,000 after purchasing an additional 727 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in LiveRamp by 63.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock valued at $44,000 after purchasing an additional 583 shares during the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

LiveRamp Stock Performance

NYSE RAMP opened at $37.81 on Friday. LiveRamp Holdings, Inc. has a one year low of $21.71 and a one year high of $38.23. The stock has a 50-day moving average of $37.69 and a 200 day moving average of $31.42. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 15.50 and a beta of 1.29.

LiveRamp (NYSE:RAMP) last issued its earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $213.99 million during the quarter, compared to analyst estimates of $211.45 million. LiveRamp had a return on equity of 9.77% and a net margin of 18.71%.LiveRamp’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 EPS. On average, equities analysts predict that LiveRamp Holdings, Inc. will post 2.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RAMP. DA Davidson cut shares of LiveRamp from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $35.00 to $38.50 in a report on Monday, May 18th. Craig Hallum cut shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target on the stock. in a report on Tuesday, May 19th. Weiss Ratings downgraded shares of LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Finally, Morgan Stanley set a $38.50 price objective on shares of LiveRamp in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, LiveRamp currently has an average rating of “Hold” and an average price target 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.