LPL Financial LLC Invests $321,000 in LiveRamp Holdings, Inc. (NYSE:RAMP)

LPL Financial LLC purchased a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,571 shares of the company's stock, valued at approximately $321,000.

Several other hedge funds have also recently modified their holdings of RAMP. KLP Kapitalforvaltning AS acquired a new position in shares of LiveRamp during the fourth quarter worth $392,000. Empowered Funds LLC acquired a new position in LiveRamp during the 4th quarter valued at about $220,000. Tributary Capital Management LLC purchased a new stake in LiveRamp in the fourth quarter valued at about $15,251,000. Smartleaf Asset Management LLC boosted its holdings in LiveRamp by 477.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock worth $49,000 after acquiring an additional 1,332 shares in the last quarter. Finally, 272 Capital LP purchased a new stake in shares of LiveRamp during the third quarter worth about $3,914,000. Hedge funds and other institutional investors own 93.83% of the company's stock.

Insider Activity at LiveRamp

In other news, CTO Mohsin Hussain sold 3,554 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $33.67, for a total value of $119,663.18. Following the completion of the sale, the chief technology officer now directly owns 57,594 shares in the company, valued at $1,939,189.98. This represents a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Vihan Sharma sold 39,845 shares of the company's stock in a transaction dated 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 sale, the executive now directly owns 110,902 shares of the company's stock, valued at approximately $3,943,675.12. This represents a 26.43 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

RAMP has been the subject of several research analyst reports. Benchmark reaffirmed a "buy" rating and issued a $45.00 price objective on shares of LiveRamp in a research report on Wednesday, February 26th. Evercore ISI reiterated an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. StockNews.com raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, Morgan Stanley restated an "equal weight" rating on shares of LiveRamp in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $38.17.

LiveRamp Stock Performance

Shares of LiveRamp stock traded up $0.40 during trading on Tuesday, hitting $27.33. 398,905 shares of the company's stock were exchanged, compared to its average volume of 628,709. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $38.00. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 2,732.80 and a beta of 1.05. The business has a 50-day simple moving average of $26.74 and a 200-day simple moving average of $29.03.

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