HighTower Advisors LLC Buys Shares of 17,547 LiveRamp Holdings, Inc. (NYSE:RAMP)

HighTower Advisors LLC purchased a new position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,547 shares of the company's stock, valued at approximately $439,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP boosted its holdings in LiveRamp by 4,575.0% during the 2nd quarter. Quarry LP now owns 935 shares of the company's stock valued at $29,000 after acquiring an additional 915 shares during the period. Blue Trust Inc. grew its holdings in shares of LiveRamp by 187.1% in the second 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. DT Investment Partners LLC increased its stake in LiveRamp by 62.6% during the 3rd quarter. DT Investment Partners LLC now owns 1,415 shares of the company's stock worth $35,000 after buying an additional 545 shares during the period. Quest Partners LLC lifted its holdings in LiveRamp by 68.8% during the 2nd quarter. Quest Partners LLC now owns 2,998 shares of the company's stock worth $93,000 after buying an additional 1,222 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in LiveRamp in the 2nd quarter valued at approximately $149,000. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

LiveRamp Stock Down 0.6 %

LiveRamp stock traded down $0.18 during mid-day trading on Friday, hitting $30.17. The company had a trading volume of 2,121,489 shares, compared to its average volume of 640,014. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 603.52 and a beta of 0.97. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $42.66. The business has a fifty day moving average of $28.37 and a 200 day moving average of $27.86.

LiveRamp (NYSE:RAMP - Get Free Report) last announced 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 analyst estimates 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 last year, the business earned $0.21 EPS. Equities analysts anticipate that LiveRamp Holdings, Inc. will post 0.36 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Kimberly Bloomston sold 4,000 shares of the firm's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $25.17, for a total transaction of $100,680.00. Following the transaction, the insider now owns 117,247 shares of the company's stock, valued at $2,951,106.99. This trade represents a 3.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Debora B. Tomlin sold 9,765 shares of the business's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $25.07, for a total value of $244,808.55. Following the completion of the transaction, the director now owns 24,509 shares in the company, valued at $614,440.63. This trade represents a 28.49 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RAMP. Wells Fargo & Company assumed coverage on LiveRamp in a research report on Monday, October 28th. They set an "equal weight" rating and a $25.00 price objective on the stock. Benchmark cut their price target on LiveRamp from $48.00 to $42.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Macquarie reiterated an "outperform" rating and issued a $43.00 price objective on shares of LiveRamp in a research note on Thursday, November 7th. Finally, StockNews.com raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Sunday. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $41.14.

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.