Smartleaf Asset Management LLC Boosts Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Smartleaf Asset Management LLC lifted its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 477.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,611 shares of the company’s stock after purchasing an additional 1,332 shares during the period. Smartleaf Asset Management LLC’s holdings in LiveRamp were worth $49,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC purchased a new stake in LiveRamp in the 3rd quarter worth $780,000. State of New Jersey Common Pension Fund D increased its stake in LiveRamp by 30.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 77,696 shares of the company’s stock worth $1,925,000 after buying an additional 18,009 shares in the last quarter. Royce & Associates LP increased its stake in LiveRamp by 75.6% in the 3rd quarter. Royce & Associates LP now owns 317,910 shares of the company’s stock worth $7,878,000 after buying an additional 136,900 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in LiveRamp by 55.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 355,131 shares of the company’s stock worth $8,800,000 after buying an additional 126,527 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in LiveRamp in the 3rd quarter worth $444,000. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

LiveRamp Stock Down 5.9 %

Shares of LiveRamp stock opened at $25.21 on Tuesday. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $38.00. The business has a 50-day moving average price of $31.82 and a 200-day moving average price of $28.85. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 2,521.20 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 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%. On average, equities analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Insider Activity at LiveRamp

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on RAMP shares. Morgan Stanley increased their price target on LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Benchmark reiterated a “buy” rating and issued a $45.00 price target on shares of LiveRamp in a research note on Wednesday, February 26th. StockNews.com upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Finally, Evercore ISI raised their price objective on LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, LiveRamp has a consensus rating of “Moderate Buy” and an average target price of $39.83.

LiveRamp 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.