Carolina Wealth Advisors LLC raised its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP – Free Report) by 2.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 25,608 shares of the company’s stock after purchasing an additional 560 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in LiveRamp were worth $778,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Quarry LP increased its position in shares of LiveRamp by 4,575.0% during the second quarter. Quarry LP now owns 935 shares of the company’s stock worth $29,000 after acquiring an additional 915 shares in the last quarter. DT Investment Partners LLC lifted its position in shares of LiveRamp by 62.6% in the third quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock worth $35,000 after purchasing an additional 545 shares in the last quarter. GAMMA Investing LLC grew its position in LiveRamp by 232.2% in the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock valued at $52,000 after purchasing an additional 1,189 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in LiveRamp in the 3rd quarter valued at $92,000. Finally, Quest Partners LLC lifted its position in LiveRamp by 68.8% during the 2nd quarter. Quest Partners LLC now owns 2,998 shares of the company’s stock worth $93,000 after buying an additional 1,222 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.
Wall Street Analyst Weigh In
RAMP has been the topic of a number of recent research reports. Macquarie reaffirmed an “outperform” rating and issued a $43.00 target price on shares of LiveRamp in a research report on Thursday, November 7th. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. Wells Fargo & Company initiated coverage on shares of LiveRamp in a research note on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price target for the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $35.00 price objective on shares of LiveRamp in a research report on Monday. Finally, Benchmark dropped their price objective on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.71.
LiveRamp Stock Up 5.4 %
NYSE RAMP opened at $31.52 on Thursday. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 630.53 and a beta of 0.96. The stock has a fifty day simple moving average of $30.37 and a 200 day simple moving average of $27.88. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $42.66.
LiveRamp (NYSE:RAMP – Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.14. The business had revenue of $185.00 million for the quarter, compared to analyst estimates of $176.16 million. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 earnings per share. Research analysts expect that LiveRamp Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.
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.
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