Stanley Laman Group Ltd. Buys New Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Stanley Laman Group Ltd. bought a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP) during the fourth quarter, HoldingsChannel.com reports. The fund bought 78,173 shares of the company’s stock, valued at approximately $2,374,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RAMP. American Capital Management Inc. boosted its position in LiveRamp by 46.7% in the third quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock valued at $71,312,000 after buying an additional 916,578 shares in the last quarter. Tributary Capital Management LLC acquired a new position in LiveRamp in the fourth quarter valued at about $15,251,000. Assenagon Asset Management S.A. boosted its position in LiveRamp by 111.4% in the third quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock valued at $13,857,000 after buying an additional 294,743 shares in the last quarter. Invenomic Capital Management LP boosted its position in LiveRamp by 257.7% in the third quarter. Invenomic Capital Management LP now owns 337,574 shares of the company’s stock valued at $8,365,000 after buying an additional 243,198 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in LiveRamp by 451.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 248,573 shares of the company’s stock valued at $7,522,000 after buying an additional 203,471 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.

LiveRamp Price Performance

Shares of NYSE RAMP opened at $33.79 on Thursday. The company’s 50 day simple moving average is $32.05 and its 200 day simple moving average is $28.21. LiveRamp Holdings, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $38.15. The firm has a market capitalization of $2.22 billion, a P/E ratio of 3,379.00 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. Sell-side analysts expect that LiveRamp Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Insider Buying and Selling at LiveRamp

In other news, CRO Vihan Sharma sold 39,845 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the completion of the sale, the executive now owns 110,902 shares of the company’s stock, valued at $3,943,675.12. This represents a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.39% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on RAMP. Macquarie restated an “outperform” rating and issued a $43.00 price target on shares of LiveRamp in a research report on Thursday, November 7th. StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Benchmark reiterated a “buy” rating and set 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 report on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price on the stock. Finally, Morgan Stanley upped their target price on shares of LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, LiveRamp has a consensus rating of “Moderate Buy” and a consensus target price of $39.33.

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.