Algert Global LLC Boosts Stock Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Algert Global LLC increased its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 78.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 105,745 shares of the company’s stock after acquiring an additional 46,582 shares during the quarter. Algert Global LLC owned approximately 0.16% of LiveRamp worth $3,272,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DT Investment Partners LLC purchased a new stake in LiveRamp in the 2nd quarter worth $27,000. Blue Trust Inc. grew its holdings in shares of LiveRamp by 187.1% during the second quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock worth $33,000 after buying an additional 694 shares in the last quarter. Covestor Ltd grew its holdings in shares of LiveRamp by 44.9% during the first quarter. Covestor Ltd now owns 2,131 shares of the company’s stock worth $73,000 after buying an additional 660 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of LiveRamp during the first quarter worth $87,000. Finally, Quest Partners LLC grew its holdings in shares of LiveRamp by 68.8% during the second 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. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Insider Buying and Selling

In related news, Director Debora B. Tomlin sold 9,765 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $25.07, for a total transaction of $244,808.55. Following the completion of the sale, the director now directly owns 24,509 shares of the company’s stock, valued at $614,440.63. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Debora B. Tomlin sold 9,765 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $25.07, for a total transaction of $244,808.55. Following the completion of the sale, the director now directly owns 24,509 shares of the company’s stock, valued at $614,440.63. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kimberly Bloomston sold 4,000 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $25.17, for a total value of $100,680.00. Following the sale, the insider now directly owns 117,247 shares of the company’s stock, valued at $2,951,106.99. The disclosure for this sale can be found here. Insiders sold a total of 19,538 shares of company stock valued at $495,471 over the last three months. 3.39% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

LiveRamp Stock Down 1.3 %

Shares of LiveRamp stock opened at $24.78 on Tuesday. The firm has a market capitalization of $1.66 billion, a P/E ratio of 137.64 and a beta of 0.96. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $42.66. The firm’s 50 day moving average is $25.89 and its two-hundred day moving average is $30.02.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. The business had revenue of $175.96 million during the quarter, compared to the consensus estimate of $171.92 million. LiveRamp had a return on equity of 2.14% and a net margin of 0.88%. The company’s revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 earnings per share. As a group, research analysts expect that LiveRamp Holdings, Inc. will post 0.37 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.