Seven Eight Capital LP Acquires Shares of 37,743 LiveRamp Holdings, Inc. (NYSE:RAMP)

Seven Eight Capital LP bought a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 37,743 shares of the company’s stock, valued at approximately $1,302,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of LiveRamp by 3.8% during the 3rd quarter. Vanguard Group Inc. now owns 8,139,409 shares of the company’s stock valued at $234,741,000 after buying an additional 296,586 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in LiveRamp by 49.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 57,775 shares of the company’s stock valued at $1,666,000 after acquiring an additional 19,044 shares during the period. Legato Capital Management LLC purchased a new stake in shares of LiveRamp during the fourth quarter worth $599,000. Pacer Advisors Inc. boosted its holdings in shares of LiveRamp by 62.9% in the fourth quarter. Pacer Advisors Inc. now owns 1,908 shares of the company’s stock worth $72,000 after acquiring an additional 737 shares during the period. Finally, New York State Teachers Retirement System grew its position in shares of LiveRamp by 6.6% in the fourth quarter. New York State Teachers Retirement System now owns 99,764 shares of the company’s stock valued at $3,779,000 after purchasing an additional 6,184 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Stock Performance

NYSE:RAMP traded down $0.80 during mid-day trading on Wednesday, reaching $29.58. The stock had a trading volume of 927,762 shares, compared to its average volume of 624,111. LiveRamp Holdings, Inc. has a one year low of $27.04 and a one year high of $42.66. The firm has a 50 day moving average price of $31.34 and a two-hundred day moving average price of $34.05. The stock has a market capitalization of $1.98 billion, a P/E ratio of 167.17 and a beta of 1.00.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). LiveRamp had a return on equity of 3.27% and a net margin of 1.80%. The business had revenue of $171.85 million during the quarter, compared to the consensus estimate of $159.95 million. Research analysts forecast that LiveRamp Holdings, Inc. will post 0.3 earnings per share for the current year.

Insiders Place Their Bets

In other LiveRamp news, CTO Mohsin Hussain sold 17,299 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $31.15, for a total transaction of $538,863.85. Following the completion of the sale, the chief technology officer now directly owns 88,546 shares in the company, valued at $2,758,207.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other LiveRamp news, CTO Mohsin Hussain sold 17,299 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $31.15, for a total value of $538,863.85. Following the completion of the sale, the chief technology officer now owns 88,546 shares in the company, valued at $2,758,207.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kimberly Bloomston sold 13,055 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $31.11, for a total transaction of $406,141.05. Following the completion of the transaction, the insider now owns 127,404 shares in the company, valued at approximately $3,963,538.44. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on RAMP. StockNews.com downgraded LiveRamp from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 16th. Benchmark reaffirmed a “buy” rating and set a $56.00 price objective on shares of LiveRamp in a research note on Wednesday, July 10th. Finally, Morgan Stanley dropped their price objective on LiveRamp from $49.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, May 23rd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $50.25.

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.