King Luther Capital Management Corp Raises Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

King Luther Capital Management Corp boosted its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 4.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 143,611 shares of the company’s stock after buying an additional 6,255 shares during the period. King Luther Capital Management Corp owned 0.21% of LiveRamp worth $4,443,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Intrinsic Edge Capital Management LLC lifted its holdings in LiveRamp by 61.9% in the fourth quarter. Intrinsic Edge Capital Management LLC now owns 659,018 shares of the company’s stock worth $24,964,000 after buying an additional 251,993 shares during the period. Vanguard Group Inc. increased its stake in shares of LiveRamp by 1.4% during the first quarter. Vanguard Group Inc. now owns 8,174,985 shares of the company’s stock valued at $282,037,000 after purchasing an additional 115,685 shares in the last quarter. G2 Investment Partners Management LLC bought a new position in shares of LiveRamp during the fourth quarter valued at approximately $8,176,000. Assenagon Asset Management S.A. increased its stake in shares of LiveRamp by 32.0% during the second quarter. Assenagon Asset Management S.A. now owns 264,470 shares of the company’s stock valued at $8,183,000 after purchasing an additional 64,155 shares in the last quarter. Finally, Millrace Asset Group Inc. bought a new position in shares of LiveRamp during the fourth quarter valued at approximately $2,373,000. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

LiveRamp Stock Performance

RAMP opened at $25.99 on Friday. LiveRamp Holdings, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $42.66. The firm’s fifty day moving average is $26.74 and its 200 day moving average is $30.43. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 144.39 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The company had revenue of $175.96 million for the quarter, compared to the consensus estimate of $171.92 million. LiveRamp had a net margin of 0.88% and a return on equity of 2.14%. LiveRamp’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. On average, equities research analysts predict that LiveRamp Holdings, Inc. will post 0.37 earnings per share for the current year.

Insider Buying and Selling

In other news, CTO Mohsin Hussain sold 5,773 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $25.98, for a total transaction of $149,982.54. Following the transaction, the chief technology officer now directly owns 73,614 shares in the company, valued at $1,912,491.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.39% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on RAMP shares. Macquarie raised shares of LiveRamp to a “strong-buy” rating in a research note on Thursday, August 8th. StockNews.com downgraded shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 16th. Benchmark reaffirmed a “buy” rating and issued a $56.00 target price on shares of LiveRamp in a research report on Tuesday, August 6th. Evercore ISI cut their target price on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Craig Hallum dropped their price target on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $46.80.

About LiveRamp

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.