Motley Fool Asset Management LLC Increases Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Motley Fool Asset Management LLC boosted its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 99.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 93,814 shares of the company's stock after acquiring an additional 46,870 shares during the period. Motley Fool Asset Management LLC owned about 0.14% of LiveRamp worth $2,849,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Evercore ISI increased their price objective on shares of LiveRamp from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. StockNews.com upgraded LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Sunday, December 22nd. Benchmark restated a "buy" rating and issued a $45.00 target price on shares of LiveRamp in a report on Wednesday, February 26th. Finally, Morgan Stanley lifted their price target on 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 assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, LiveRamp currently has an average rating of "Moderate Buy" and a consensus target price of $39.83.

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LiveRamp Stock Performance

Shares of LiveRamp stock traded up $2.76 during trading hours on Wednesday, hitting $26.31. The company's stock had a trading volume of 685,826 shares, compared to its average volume of 628,505. The firm has a fifty day moving average of $29.12 and a 200-day moving average of $28.92. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 2,631.00 and a beta of 1.05. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $38.00.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share 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, sell-side analysts expect that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling

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

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.