GAMMA Investing LLC Acquires 1,189 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

GAMMA Investing LLC increased its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 232.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,701 shares of the company’s stock after acquiring an additional 1,189 shares during the period. GAMMA Investing LLC’s holdings in LiveRamp were worth $52,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of RAMP. EVR Research LP bought a new stake in LiveRamp during the 2nd quarter valued at $5,879,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in LiveRamp during the 3rd quarter valued at $1,187,000. Royce & Associates LP raised its position in LiveRamp by 75.6% during the 3rd quarter. Royce & Associates LP now owns 317,910 shares of the company’s stock valued at $7,878,000 after purchasing an additional 136,900 shares in the last quarter. HighTower Advisors LLC bought a new stake in LiveRamp during the 3rd quarter valued at $439,000. Finally, Robeco Institutional Asset Management B.V. raised its position in LiveRamp by 353.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 66,911 shares of the company’s stock valued at $1,658,000 after purchasing an additional 52,166 shares in the last quarter. 93.83% of the stock is owned by institutional investors.

LiveRamp Price Performance

Shares of RAMP stock opened at $29.24 on Tuesday. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $42.66. The stock’s fifty day moving average price is $30.17 and its 200 day moving average price is $27.86. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 584.92 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last announced its earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.14. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The firm had revenue of $185.00 million for the quarter, compared to the consensus estimate of $176.16 million. During the same period in the previous year, the business earned $0.21 EPS. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. As a group, equities research analysts anticipate that LiveRamp Holdings, Inc. will post 0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. StockNews.com raised LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Macquarie reaffirmed an “outperform” rating and set a $43.00 target price on shares of LiveRamp in a research report on Thursday, November 7th. Wells Fargo & Company initiated coverage on LiveRamp in a research report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price target for the company. Morgan Stanley reissued an “equal weight” rating and issued a $35.00 price target on shares of LiveRamp in a research report on Monday. Finally, Benchmark reduced their price target on LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $39.71.

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.