Carmignac Gestion Makes New Investment in LiveRamp Holdings, Inc. $RAMP

Carmignac Gestion bought a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP) during the 2nd quarter, HoldingsChannel reports. The fund bought 234,126 shares of the company’s stock, valued at approximately $8,813,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in RAMP. Sound Income Strategies LLC boosted its position in shares of LiveRamp by 769.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock worth $28,000 after acquiring an additional 946 shares in the last quarter. Headlands Technologies LLC acquired a new position in LiveRamp during the second quarter valued at approximately $31,000. Strs Ohio bought a new stake in LiveRamp during the first quarter worth $31,000. Hantz Financial Services Inc. lifted its stake in LiveRamp by 197.0% during the fourth quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock worth $32,000 after purchasing an additional 727 shares during the last quarter. Finally, Nykredit A S acquired a new stake in shares of LiveRamp in the 2nd quarter valued at $38,000. Institutional investors own 93.83% of the company’s stock.

LiveRamp Stock Up 0.0%

Shares of RAMP stock traded up $0.01 during mid-day trading on Tuesday, reaching $37.76. 1,332,808 shares of the stock traded hands, compared to its average volume of 1,103,959. The stock’s fifty day simple moving average is $37.77 and its two-hundred day simple moving average is $33.46. LiveRamp Holdings, Inc. has a 1-year low of $21.71 and a 1-year high of $38.23. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 15.47 and a beta of 1.25.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. The company had revenue of $213.99 million for the quarter, compared to analysts’ expectations of $211.45 million. LiveRamp had a return on equity of 9.77% and a net margin of 18.71%.The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 earnings per share. On average, equities research analysts anticipate that LiveRamp Holdings, Inc. will post 2.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RAMP. Morgan Stanley set a $38.50 price target on LiveRamp in a research note on Friday, May 22nd. Weiss Ratings raised LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. DA Davidson reiterated a “neutral” rating on shares of LiveRamp in a research report on Tuesday, August 11th. Finally, Craig Hallum downgraded LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 target price for the company. in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.