Hsbc Holdings PLC Makes New $25.06 Million Investment in LiveRamp Holdings, Inc. $RAMP

Hsbc Holdings PLC acquired a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 666,613 shares of the company’s stock, valued at approximately $25,058,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of RAMP. Nuance Investments LLC acquired a new position in shares of LiveRamp during the 2nd quarter worth approximately $3,033,000. OMERS ADMINISTRATION Corp acquired a new stake in LiveRamp during the 2nd quarter valued at $20,209,000. Quantinno Capital Management LP lifted its holdings in LiveRamp by 659.7% during the 1st quarter. Quantinno Capital Management LP now owns 133,412 shares of the company’s stock valued at $3,538,000 after purchasing an additional 115,850 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in LiveRamp during the second quarter worth $21,862,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in LiveRamp by 16.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,550,435 shares of the company’s stock worth $41,118,000 after purchasing an additional 213,706 shares during the period. Institutional investors own 93.83% of the company’s stock.

LiveRamp Trading Up 0.4%

Shares of NYSE RAMP opened at $37.77 on Friday. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 15.48 and a beta of 1.29. The stock has a 50-day moving average price of $37.74 and a two-hundred day moving average price of $32.78. LiveRamp Holdings, Inc. has a 12 month low of $21.71 and a 12 month high of $38.23.

LiveRamp (NYSE:RAMP) last issued its earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $213.99 million for the quarter, compared to analyst estimates of $211.45 million. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business posted $0.44 earnings per share. On average, sell-side analysts predict that LiveRamp Holdings, Inc. will post 2.04 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on RAMP. Craig Hallum downgraded shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price objective on the stock. in a report on Tuesday, May 19th. DA Davidson reiterated a “neutral” rating on shares of LiveRamp in a research note on Tuesday, August 11th. Morgan Stanley set a $38.50 price target on shares of LiveRamp in a research report on Friday, May 22nd. Finally, Weiss Ratings upgraded LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $40.21.

LiveRamp Company Profile

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company’s core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp’s platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.