Janney Montgomery Scott LLC Boosts Stock Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Janney Montgomery Scott LLC lifted its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 30.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 41,205 shares of the company’s stock after purchasing an additional 9,737 shares during the period. Janney Montgomery Scott LLC owned about 0.06% of LiveRamp worth $1,251,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Quarry LP lifted its holdings in LiveRamp by 4,575.0% during the second quarter. Quarry LP now owns 935 shares of the company’s stock worth $29,000 after buying an additional 915 shares during the period. DT Investment Partners LLC raised its position in shares of LiveRamp by 62.6% in the 3rd quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock worth $35,000 after acquiring an additional 545 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of LiveRamp by 232.2% during the 4th quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock worth $52,000 after purchasing an additional 1,189 shares during the last quarter. Point72 DIFC Ltd bought a new stake in LiveRamp during the third quarter valued at about $92,000. Finally, Blue Trust Inc. grew its stake in LiveRamp by 668.9% in the third quarter. Blue Trust Inc. now owns 8,189 shares of the company’s stock valued at $203,000 after purchasing an additional 7,124 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors.

LiveRamp Price Performance

Shares of NYSE RAMP opened at $34.23 on Wednesday. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 684.70 and a beta of 0.96. LiveRamp Holdings, Inc. has a 12 month low of $21.45 and a 12 month high of $42.10. The firm’s 50 day simple moving average is $31.58 and its 200-day simple moving average is $28.01.

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

Wall Street Analysts Forecast Growth

RAMP has been the topic of a number of recent analyst reports. Macquarie restated an “outperform” rating and issued a $43.00 price target on shares of LiveRamp in a report on Thursday, November 7th. Morgan Stanley restated an “equal weight” rating and issued a $35.00 target price on shares of LiveRamp in a research note on Monday, January 13th. Wells Fargo & Company began coverage on shares of LiveRamp in a report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price target on the stock. Benchmark reiterated a “buy” rating and set a $42.00 price objective on shares of LiveRamp in a report on Tuesday. Finally, StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.71.

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.