Empowered Funds LLC Purchases New Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Empowered Funds LLC purchased a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,228 shares of the company’s stock, valued at approximately $220,000.

Other hedge funds have also made changes to their positions in the company. DT Investment Partners LLC lifted 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 valued at $35,000 after acquiring an additional 545 shares in the last quarter. GAMMA Investing LLC lifted its position in LiveRamp by 232.2% in the 4th quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock worth $52,000 after buying an additional 1,189 shares in the last quarter. KBC Group NV lifted its position in LiveRamp by 57.0% in the 4th quarter. KBC Group NV now owns 3,457 shares of the company’s stock worth $105,000 after buying an additional 1,255 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in LiveRamp in the 3rd quarter worth approximately $92,000. Finally, Pacer Advisors Inc. purchased a new stake in LiveRamp in the 4th quarter worth approximately $115,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RAMP shares. Evercore ISI increased their target price on shares of LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Benchmark reiterated a “buy” rating and issued a $42.00 target price on shares of LiveRamp in a research report on Tuesday, February 4th. Wells Fargo & Company initiated coverage on shares of LiveRamp in a research note on Monday, October 28th. They set an “equal weight” rating and a $25.00 price target on the stock. StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. Finally, Morgan Stanley increased their price target on shares of LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, LiveRamp presently has a consensus rating of “Moderate Buy” and an average target price of $39.33.

Insiders Place Their Bets

In other LiveRamp news, CRO Vihan Sharma sold 39,845 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $35.56, for a total value of $1,416,888.20. Following the sale, the executive now directly owns 110,902 shares in the company, valued at $3,943,675.12. This trade represents a 26.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Mohsin Hussain sold 3,554 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $33.67, for a total transaction of $119,663.18. Following the completion of the sale, the chief technology officer now owns 57,594 shares in the company, valued at $1,939,189.98. This represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.39% of the company’s stock.

LiveRamp Trading Down 4.1 %

NYSE:RAMP opened at $31.25 on Friday. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $38.00. The firm’s fifty day simple moving average is $32.24 and its 200 day simple moving average is $28.40. The firm has a market capitalization of $2.05 billion, a PE ratio of 3,124.80 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. As a group, analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

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.