1,206,795 Shares in LiveRamp Holdings, Inc. $RAMP Bought by Jupiter Topco LLC

Jupiter Topco LLC bought a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP) during the second quarter, Holdings Channel reports. The fund bought 1,206,795 shares of the company’s stock, valued at approximately $45,420,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Azzad Asset Management Inc. ADV increased its stake in LiveRamp by 1.1% during the first quarter. Azzad Asset Management Inc. ADV now owns 32,887 shares of the company’s stock worth $872,000 after acquiring an additional 353 shares during the last quarter. Lido Advisors LLC raised its holdings in shares of LiveRamp by 4.8% in the 4th quarter. Lido Advisors LLC now owns 9,418 shares of the company’s stock worth $261,000 after purchasing an additional 429 shares during the period. NewEdge Advisors LLC lifted its stake in shares of LiveRamp by 6.1% in the 1st quarter. NewEdge Advisors LLC now owns 8,026 shares of the company’s stock valued at $213,000 after purchasing an additional 465 shares in the last quarter. Engineers Gate Manager LP lifted its stake in shares of LiveRamp by 0.5% in the 2nd quarter. Engineers Gate Manager LP now owns 113,424 shares of the company’s stock valued at $3,748,000 after purchasing an additional 561 shares in the last quarter. Finally, US Bancorp DE grew its holdings 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 purchasing an additional 564 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Price Performance

Shares of RAMP opened at $37.77 on Friday. The stock’s 50-day moving average is $37.74 and its two-hundred day moving average is $32.78. The stock has a market cap of $2.30 billion, a PE ratio of 15.48 and a beta of 1.29. LiveRamp Holdings, Inc. has a 12 month low of $21.71 and a 12 month high of $38.23.

LiveRamp (NYSE:RAMP) last issued its earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share 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 the consensus estimate of $211.45 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. The company’s revenue was up 9.9% compared to the same quarter last year. On average, research analysts anticipate that LiveRamp Holdings, Inc. will post 2.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Morgan Stanley set a $38.50 target price on shares of LiveRamp in a research report on Friday, May 22nd. 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 research report on Tuesday, May 19th. Weiss Ratings upgraded shares of LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Finally, DA Davidson reissued a “neutral” rating on shares of LiveRamp in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.