Exchange Traded Concepts LLC Makes New Investment in LiveRamp Holdings, Inc. (NYSE:RAMP)

Exchange Traded Concepts LLC acquired a new position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 67,321 shares of the company's stock, valued at approximately $1,668,000. Exchange Traded Concepts LLC owned about 0.10% of LiveRamp as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Jennison Associates LLC lifted its holdings in shares of LiveRamp by 286.9% during the first quarter. Jennison Associates LLC now owns 1,407,098 shares of the company's stock worth $48,545,000 after purchasing an additional 1,043,457 shares during the period. Boston Partners grew its holdings in LiveRamp by 182.3% during the 1st quarter. Boston Partners now owns 851,397 shares of the company's stock worth $29,226,000 after acquiring an additional 549,846 shares during the period. Fort Washington Investment Advisors Inc. OH bought a new position in shares of LiveRamp in the 2nd quarter worth about $13,214,000. Millennium Management LLC lifted its stake in shares of 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 period. Finally, EVR Research LP acquired a new stake in LiveRamp during the second quarter worth approximately $5,879,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RAMP. Benchmark dropped their price target on LiveRamp from $56.00 to $48.00 and set a "buy" rating on the stock in a research note on Monday, October 7th. Macquarie upgraded shares of LiveRamp to a "strong-buy" rating in a report on Thursday, August 8th. StockNews.com downgraded shares of LiveRamp from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, July 16th. Evercore ISI cut their price objective on shares of LiveRamp from $50.00 to $40.00 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. Finally, Craig Hallum decreased their target price on LiveRamp from $55.00 to $43.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, LiveRamp currently has an average rating of "Buy" and a consensus price target of $45.20.

LiveRamp Price Performance

Shares of NYSE:RAMP traded down $0.11 during midday trading on Wednesday, hitting $24.80. 356,632 shares of the company's stock were exchanged, compared to its average volume of 662,951. LiveRamp Holdings, Inc. has a 12 month low of $21.45 and a 12 month high of $42.66. The company has a market cap of $1.66 billion, a PE ratio of 137.75 and a beta of 0.96. The stock has a 50 day moving average price of $24.71 and a 200-day moving average price of $29.24.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.04. LiveRamp had a return on equity of 2.14% and a net margin of 0.88%. The company had revenue of $175.96 million for the quarter, compared to analyst estimates of $171.92 million. During the same quarter last year, the company earned $0.09 earnings per share. The company's revenue for the quarter was up 14.2% on a year-over-year basis. On average, analysts anticipate that LiveRamp Holdings, Inc. will post 0.37 EPS for the current fiscal year.

Insider Activity

In other news, CTO Mohsin Hussain sold 5,773 shares of the business's stock in a transaction that occurred on Friday, August 30th. The stock was 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Debora B. Tomlin sold 9,765 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $25.07, for a total transaction 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Mohsin Hussain sold 5,773 shares of the firm's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $25.98, for a total transaction of $149,982.54. Following the sale, the chief technology officer now owns 73,614 shares of the company's stock, valued at approximately $1,912,491.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,538 shares of company stock worth $495,471 over the last quarter. 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.