PDT Partners LLC Increases Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

PDT Partners LLC boosted its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 162.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,837 shares of the company's stock after acquiring an additional 53,092 shares during the quarter. PDT Partners LLC owned 0.13% of LiveRamp worth $2,127,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Fort Washington Investment Advisors Inc. OH bought a new position in LiveRamp during the second quarter worth about $13,214,000. Assenagon Asset Management S.A. increased 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 last quarter. Millennium Management LLC increased its position in shares of LiveRamp by 143.8% during the 2nd quarter. Millennium Management LLC now owns 395,619 shares of the company's stock worth $12,240,000 after purchasing an additional 233,329 shares during the last quarter. EVR Research LP acquired a new position in shares of LiveRamp during the 2nd quarter worth approximately $5,879,000. Finally, Dimensional Fund Advisors LP increased its position in shares of LiveRamp by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,265,391 shares of the company's stock worth $70,090,000 after purchasing an additional 161,373 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other LiveRamp news, insider Kimberly Bloomston sold 4,000 shares of the firm's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $25.17, for a total value of $100,680.00. Following the completion of the sale, the insider now directly 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 LiveRamp stock in a transaction 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 owns 24,509 shares of the company's stock, valued at approximately $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. Company insiders own 3.39% of the company's stock.

LiveRamp Stock Down 0.3 %

LiveRamp stock traded down $0.08 during mid-day trading on Friday, reaching $30.36. 196,541 shares of the company's stock were exchanged, compared to its average volume of 570,531. The business's fifty day simple moving average is $26.28 and its 200 day simple moving average is $27.93. The firm has a market capitalization of $1.98 billion, a PE ratio of 607.32 and a beta of 0.96. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $42.66.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.14. The business had revenue of $185.00 million for the quarter, compared to analyst estimates of $176.16 million. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. LiveRamp's quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the company posted $0.21 earnings per share. On average, sell-side analysts forecast that LiveRamp Holdings, Inc. will post 0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RAMP. Wells Fargo & Company assumed coverage on LiveRamp in a report on Monday, October 28th. They issued an "equal weight" rating and a $25.00 price objective on the stock. Macquarie reaffirmed an "outperform" rating and issued a $43.00 target price on shares of LiveRamp in a report on Thursday, November 7th. Evercore ISI decreased their price target on LiveRamp from $50.00 to $40.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th. 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 note on Thursday, August 8th. Finally, 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. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.