Magnetar Financial LLC Purchases Shares of 26,612 LiveRamp Holdings, Inc. (NYSE:RAMP)

Magnetar Financial LLC purchased a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 26,612 shares of the company's stock, valued at approximately $808,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RAMP. First Horizon Advisors Inc. purchased a new stake in shares of LiveRamp in the fourth quarter valued at about $38,000. Smartleaf Asset Management LLC lifted its position in LiveRamp by 477.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock valued at $49,000 after purchasing an additional 1,332 shares during the period. GAMMA Investing LLC boosted its holdings in LiveRamp by 232.2% in the 4th quarter. GAMMA Investing LLC now owns 1,701 shares of the company's stock valued at $52,000 after purchasing an additional 1,189 shares in the last quarter. Parkside Financial Bank & Trust increased its position in LiveRamp by 101.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company's stock worth $62,000 after purchasing an additional 1,027 shares during the period. Finally, Point72 DIFC Ltd purchased a new position in shares of LiveRamp during the 3rd quarter worth approximately $92,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

LiveRamp Stock Performance

NYSE:RAMP traded down $0.07 during mid-day trading on Wednesday, hitting $27.43. 530,140 shares of the company's stock traded hands, compared to its average volume of 603,638. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $38.00. The company has a market cap of $1.80 billion, a PE ratio of 2,742.90 and a beta of 0.96. The firm's 50 day simple moving average is $31.10 and its 200 day simple moving average is $28.95.

Remove Ads

LiveRamp (NYSE:RAMP - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.22). LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. On average, research analysts expect that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. StockNews.com raised LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Sunday, December 22nd. Evercore ISI upped their price target on shares of LiveRamp from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Benchmark reiterated a "buy" rating and issued a $45.00 price objective on shares of LiveRamp in a research note on Wednesday, February 26th. Finally, Morgan Stanley boosted their price objective on shares of LiveRamp from $35.00 to $38.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $39.83.

Insider Activity at LiveRamp

In related news, CRO Vihan Sharma sold 39,845 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the transaction, the executive now owns 110,902 shares of the company's stock, valued at approximately $3,943,675.12. This represents a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Mohsin Hussain sold 3,554 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $33.67, for a total transaction of $119,663.18. Following the sale, the chief technology officer now owns 57,594 shares in the company, valued at approximately $1,939,189.98. This trade represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.39% of the company's stock.

About LiveRamp

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.