NINE MASTS CAPITAL Ltd Makes New Investment in LiveRamp Holdings, Inc. $RAMP

NINE MASTS CAPITAL Ltd bought a new position in LiveRamp Holdings, Inc. (NYSE:RAMP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,266 shares of the company’s stock, valued at approximately $537,000.

Other large investors have also modified their holdings of the company. Headlands Technologies LLC purchased a new stake in shares of LiveRamp during the 2nd quarter valued at about $31,000. Sound Income Strategies LLC lifted its position in LiveRamp by 769.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock worth $28,000 after acquiring an additional 946 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in LiveRamp by 197.0% in the 4th quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock worth $32,000 after acquiring an additional 727 shares during the period. Public Employees Retirement System of Ohio purchased a new position in LiveRamp in the 2nd quarter worth approximately $44,000. Finally, Strs Ohio acquired a new stake in LiveRamp in the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Stock Performance

Shares of NYSE:RAMP opened at $37.74 on Monday. The company has a fifty day simple moving average of $37.74 and a 200 day simple moving average of $32.87. The firm has a market cap of $2.29 billion, a PE ratio of 15.47 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 posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. The firm had revenue of $213.99 million for the quarter, compared to analysts’ expectations of $211.45 million. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. As a group, equities research analysts forecast that LiveRamp Holdings, Inc. will post 2.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RAMP has been the topic of a number of analyst reports. Morgan Stanley set a $38.50 price objective on shares of LiveRamp in a research note on Friday, May 22nd. DA Davidson restated a “neutral” rating on shares of LiveRamp in a research note on Tuesday, August 11th. Weiss Ratings raised shares of LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, Craig Hallum downgraded shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target on the stock. in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, LiveRamp currently has a consensus rating of “Hold” and a consensus target price 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.