Cornerstone Investment Partners LLC Buys Shares of 6,718 LiveRamp Holdings, Inc. (NYSE:RAMP)

Cornerstone Investment Partners LLC bought a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,718 shares of the company’s stock, valued at approximately $254,000.

A number of other hedge funds also recently added to or reduced their stakes in RAMP. Clear Street Markets LLC bought a new stake in LiveRamp in the fourth quarter valued at $39,000. Tower Research Capital LLC TRC lifted its stake in LiveRamp by 52.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,694 shares of the company’s stock valued at $48,000 after buying an additional 583 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of LiveRamp by 214.8% during the first quarter. Advisors Asset Management Inc. now owns 1,656 shares of the company’s stock valued at $62,000 after purchasing an additional 1,130 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of LiveRamp by 62.9% during the fourth quarter. Pacer Advisors Inc. now owns 1,908 shares of the company’s stock valued at $72,000 after purchasing an additional 737 shares in the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of LiveRamp by 97.1% during the second quarter. Captrust Financial Advisors now owns 3,043 shares of the company’s stock valued at $79,000 after purchasing an additional 1,499 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on RAMP shares. Craig Hallum lifted their price objective on shares of LiveRamp from $42.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Susquehanna lifted their price objective on shares of LiveRamp from $45.00 to $50.00 and gave the company a “positive” rating in a research note on Friday, February 9th. StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Benchmark restated a “buy” rating and set a $51.00 price objective on shares of LiveRamp in a research note on Monday, March 4th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $47.75.

Insider Buying and Selling

In related news, Director Timothy R. Cadogan sold 1,500 shares of LiveRamp stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $37.00, for a total value of $55,500.00. Following the transaction, the director now owns 51,016 shares of the company’s stock, valued at approximately $1,887,592. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.93% of the stock is currently owned by company insiders.

LiveRamp Price Performance

NYSE:RAMP traded down $0.10 during mid-day trading on Friday, reaching $32.08. 119,014 shares of the stock were exchanged, compared to its average volume of 585,120. The business has a fifty day moving average price of $34.74 and a 200 day moving average price of $34.44. LiveRamp Holdings, Inc. has a 1-year low of $22.52 and a 1-year high of $42.66.

LiveRamp (NYSE:RAMP) last released its earnings results on Thursday, February 8th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. The firm had revenue of $173.87 million for the quarter, compared to analyst estimates of $174.00 million. LiveRamp had a positive return on equity of 1.57% and a negative net margin of 2.22%. As a group, sell-side analysts predict that LiveRamp Holdings, Inc. will post 0.64 earnings per share for the current fiscal year.

LiveRamp Company 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.