HighTower Advisors LLC Takes $439,000 Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

HighTower Advisors LLC bought a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 17,547 shares of the company's stock, valued at approximately $439,000.

Several other hedge funds have also made changes to their positions in the company. American Capital Management Inc. lifted its position in LiveRamp by 46.7% in the third quarter. American Capital Management Inc. now owns 2,877,814 shares of the company's stock valued at $71,312,000 after buying an additional 916,578 shares during the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of LiveRamp in the 2nd quarter worth approximately $13,214,000. Assenagon Asset Management S.A. boosted its position in shares of LiveRamp by 111.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company's stock worth $13,857,000 after purchasing an additional 294,743 shares during the period. Millennium Management LLC increased its holdings in LiveRamp by 143.8% in the 2nd quarter. Millennium Management LLC now owns 395,619 shares of the company's stock valued at $12,240,000 after purchasing an additional 233,329 shares during the last quarter. Finally, EVR Research LP purchased a new stake in LiveRamp in the second quarter valued at approximately $5,879,000. Hedge funds and other institutional investors own 93.83% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on RAMP. StockNews.com upgraded LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Sunday. Macquarie restated an "outperform" rating and set a $43.00 target price on shares of LiveRamp in a report on Thursday, November 7th. Wells Fargo & Company started coverage on shares of LiveRamp in a research note on Monday, October 28th. They set an "equal weight" rating and a $25.00 price target on the stock. Finally, Benchmark reduced their price target on shares of LiveRamp from $48.00 to $42.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. One 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 stock. According to MarketBeat, LiveRamp presently has an average rating of "Buy" and an average target price of $41.14.

LiveRamp Stock Performance

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

LiveRamp (NYSE:RAMP - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.14. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The firm had revenue of $185.00 million for the quarter, compared to analysts' expectations of $176.16 million. During the same quarter last year, the company earned $0.21 earnings per share. The firm's revenue was up 15.6% compared to the same quarter last year. As a group, analysts predict that LiveRamp Holdings, Inc. will post 0.36 earnings per share for the current year.

Insider Transactions at LiveRamp

In other news, insider Kimberly Bloomston sold 4,000 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $25.17, for a total value of $100,680.00. Following the transaction, the insider now owns 117,247 shares in the company, valued at approximately $2,951,106.99. This represents a 3.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Debora B. Tomlin sold 9,765 shares of the company's stock in a transaction that occurred on 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 directly owns 24,509 shares of the company's stock, valued at $614,440.63. This trade represents a 28.49 % decrease in their ownership of the stock. 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.