SG Americas Securities LLC Acquires 5,292 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

SG Americas Securities LLC boosted its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP – Get Rating) by 73.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,504 shares of the company’s stock after buying an additional 5,292 shares during the quarter. SG Americas Securities LLC’s holdings in LiveRamp were worth $293,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in RAMP. Renaissance Technologies LLC raised its holdings in LiveRamp by 87.1% during the 3rd quarter. Renaissance Technologies LLC now owns 927,178 shares of the company’s stock worth $16,838,000 after purchasing an additional 431,700 shares during the last quarter. Federated Hermes Inc. bought a new position in LiveRamp during the 3rd quarter worth approximately $7,533,000. Lazard Asset Management LLC raised its holdings in LiveRamp by 13.9% during the 1st quarter. Lazard Asset Management LLC now owns 2,883,554 shares of the company’s stock worth $107,815,000 after purchasing an additional 351,876 shares during the last quarter. Two Sigma Investments LP raised its holdings in LiveRamp by 850.7% during the 3rd quarter. Two Sigma Investments LP now owns 296,216 shares of the company’s stock worth $5,379,000 after purchasing an additional 265,058 shares during the last quarter. Finally, Capital International Investors raised its holdings in LiveRamp by 8.7% during the 1st quarter. Capital International Investors now owns 3,065,422 shares of the company’s stock worth $114,616,000 after purchasing an additional 244,405 shares during the last quarter. Institutional investors own 93.19% of the company’s stock.

LiveRamp Trading Down 0.1 %

NYSE RAMP opened at $23.78 on Tuesday. The company has a fifty day simple moving average of $22.65 and a 200 day simple moving average of $23.16. LiveRamp Holdings, Inc. has a 12-month low of $15.37 and a 12-month high of $30.74. The company has a market cap of $1.54 billion, a P/E ratio of -13.67 and a beta of 1.10.

LiveRamp (NYSE:RAMP – Get Rating) last posted its quarterly earnings results on Tuesday, February 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.06). The business had revenue of $158.62 million during the quarter, compared to analyst estimates of $157.88 million. LiveRamp had a negative net margin of 19.80% and a negative return on equity of 6.53%. Sell-side analysts predict that LiveRamp Holdings, Inc. will post -0.45 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on RAMP shares. Craig Hallum raised their price target on shares of LiveRamp from $25.00 to $34.00 in a report on Wednesday, February 8th. Susquehanna raised their price target on shares of LiveRamp from $30.00 to $35.00 and gave the stock a “positive” rating in a report on Wednesday, February 8th. Morgan Stanley lifted their price objective on shares of LiveRamp from $29.00 to $34.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 8th. StockNews.com started coverage on shares of LiveRamp in a research note on Thursday, March 16th. They issued a “buy” rating for the company. Finally, Stephens lifted their price objective on shares of LiveRamp from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, February 8th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.17.

Insiders Place Their Bets

In other LiveRamp news, CTO Mohsin Hussain sold 6,415 shares of LiveRamp stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $26.30, for a total transaction of $168,714.50. Following the transaction, the chief technology officer now directly owns 102,601 shares of the company’s stock, valued at approximately $2,698,406.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.01% of the company’s stock.

LiveRamp Profile

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LiveRamp Holdings, Inc operates as a global technology company. It is engaged in providing identity platform leveraged by brands and partners to deliver innovative products and exceptional experiences. The firm’s identifyLink connects people, data and devices across the digital and physical world, powering the people-based marketing revolution and allowing consumers to safely connect with brands and products.