Algert Global LLC Buys 113,161 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Algert Global LLC lifted its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 107.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 218,906 shares of the company's stock after buying an additional 113,161 shares during the period. Algert Global LLC owned approximately 0.34% of LiveRamp worth $5,424,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RAMP. DT Investment Partners LLC purchased a new stake in LiveRamp during the second quarter worth approximately $27,000. Quarry LP boosted its position in LiveRamp by 4,575.0% during the 2nd quarter. Quarry LP now owns 935 shares of the company's stock worth $29,000 after purchasing an additional 915 shares during the period. Blue Trust Inc. increased its holdings in LiveRamp by 187.1% in the 2nd quarter. Blue Trust Inc. now owns 1,065 shares of the company's stock valued at $33,000 after purchasing an additional 694 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in LiveRamp in the first quarter valued at about $87,000. Finally, Quest Partners LLC lifted its stake in shares of LiveRamp by 68.8% during the second quarter. Quest Partners LLC now owns 2,998 shares of the company's stock worth $93,000 after purchasing an additional 1,222 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

Analysts Set New Price Targets

RAMP has been the topic of a number of recent analyst reports. Macquarie reiterated an "outperform" rating and issued a $43.00 price objective on shares of LiveRamp in a report on Thursday, November 7th. Benchmark lowered their price objective on LiveRamp from $48.00 to $42.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Craig Hallum dropped their price objective on LiveRamp from $55.00 to $43.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company began coverage on shares of LiveRamp in a research report on Monday, October 28th. They set an "equal weight" rating and a $25.00 price target for the company. Finally, 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. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, LiveRamp has a consensus rating of "Moderate Buy" and a consensus target price of $41.14.

Insider Activity at LiveRamp

In other news, Director Debora B. Tomlin sold 9,765 shares of the stock in a transaction 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 completion of the sale, the director now owns 24,509 shares in the company, valued at $614,440.63. This represents a 28.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Mohsin Hussain sold 5,773 shares of LiveRamp stock in a transaction on Friday, August 30th. The shares were sold at an average price of $25.98, for a total value of $149,982.54. Following the transaction, the chief technology officer now owns 73,614 shares in the company, valued at $1,912,491.72. This represents a 7.27 % 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 company insiders.

LiveRamp Trading Up 0.8 %

NYSE:RAMP traded up $0.24 during midday trading on Monday, hitting $30.95. 1,035,508 shares of the stock were exchanged, compared to its average volume of 646,441. The business has a 50-day moving average price of $25.91 and a two-hundred day moving average price of $27.96. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 619.12 and a beta of 0.96. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $42.66.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its quarterly 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. The firm had revenue of $185.00 million for the quarter, compared to analysts' expectations of $176.16 million. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. LiveRamp's revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 earnings per share. Sell-side analysts forecast that LiveRamp Holdings, Inc. will post 0.36 EPS for the current fiscal year.

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.