Algert Global LLC Has $5.42 Million Stock Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Algert Global LLC lifted its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 107.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 218,906 shares of the company’s stock after buying an additional 113,161 shares during the period. Algert Global LLC’s holdings in LiveRamp were worth $5,424,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of RAMP. Charles Schwab Investment Management Inc. lifted its stake in LiveRamp by 7.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 946,808 shares of the company’s stock valued at $23,462,000 after purchasing an additional 69,063 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of LiveRamp during the third quarter worth $444,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of LiveRamp by 55.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 355,131 shares of the company’s stock valued at $8,800,000 after acquiring an additional 126,527 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of LiveRamp by 75.6% during the 3rd quarter. Royce & Associates LP now owns 317,910 shares of the company’s stock valued at $7,878,000 after acquiring an additional 136,900 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its position in LiveRamp by 30.2% during 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 acquiring an additional 18,009 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors.

LiveRamp Stock Up 1.1 %

RAMP stock opened at $30.71 on Monday. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 614.32 and a beta of 0.96. The company’s fifty day simple moving average is $25.81 and its 200 day simple moving average is $27.97. LiveRamp Holdings, Inc. has a 12-month low of $21.45 and a 12-month high of $42.66.

LiveRamp (NYSE:RAMP) last released its earnings results on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.37 by $0.14. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The business had revenue of $185.00 million during the quarter, compared to analysts’ expectations of $176.16 million. During the same quarter last year, the firm posted $0.21 earnings per share. The firm’s revenue was up 15.6% on a year-over-year basis. Research analysts expect that LiveRamp Holdings, Inc. will post 0.37 earnings per share for the current year.

Analysts Set New Price Targets

RAMP has been the subject of several research reports. Macquarie reiterated an “outperform” rating and issued a $43.00 target price on shares of LiveRamp in a research report on Thursday, November 7th. Wells Fargo & Company started coverage on shares of LiveRamp in a report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price objective for the company. Benchmark reduced their target price on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Evercore ISI dropped their price target on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Craig Hallum reduced their price objective on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, LiveRamp presently has an average rating of “Moderate Buy” and an average price target of $41.14.

Insider Activity

In other LiveRamp news, Director Debora B. Tomlin sold 9,765 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.07, for a total value of $244,808.55. Following the transaction, the director now owns 24,509 shares in the company, valued at approximately $614,440.63. This represents a 28.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kimberly Bloomston sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $25.17, for a total value of $100,680.00. Following the sale, the insider now owns 117,247 shares of the company’s stock, valued at approximately $2,951,106.99. This represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,538 shares of company stock worth $495,471 in the last quarter. 3.39% of the stock is owned by corporate insiders.

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.