LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 164.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,864 shares of the company's stock after purchasing an additional 17,310 shares during the period. Y Intercept Hong Kong Ltd's holdings in LiveRamp were worth $690,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. American Capital Management Inc. grew its holdings in shares of LiveRamp by 46.7% during the third quarter. American Capital Management Inc. now owns 2,877,814 shares of the company's stock worth $71,312,000 after buying an additional 916,578 shares in the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new position in LiveRamp during the second quarter worth about $13,214,000. Assenagon Asset Management S.A. grew its stake in LiveRamp by 111.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company's stock valued at $13,857,000 after acquiring an additional 294,743 shares in the last quarter. Invenomic Capital Management LP raised its holdings in LiveRamp by 257.7% in the 3rd quarter. Invenomic Capital Management LP now owns 337,574 shares of the company's stock valued at $8,365,000 after acquiring an additional 243,198 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in LiveRamp by 143.8% in 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 in the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

LiveRamp Stock Performance

Shares of NYSE RAMP traded down $0.26 during mid-day trading on Friday, reaching $31.85. 279,149 shares of the company's stock were exchanged, compared to its average volume of 636,748. The company's 50-day moving average is $27.67 and its 200-day moving average is $27.86. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 637.00 and a beta of 0.97. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $42.66.

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

Insiders Place Their Bets

In other LiveRamp news, Director Debora B. Tomlin sold 9,765 shares of the firm'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 owns 24,509 shares of the company's stock, valued at $614,440.63. This trade represents a 28.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Kimberly Bloomston sold 4,000 shares of the company'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 sale, the insider now directly owns 117,247 shares in the company, valued at $2,951,106.99. This represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is owned by insiders.

Analysts Set New Price Targets

RAMP has been the subject of several recent research reports. Benchmark cut their price target on LiveRamp from $48.00 to $42.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Wells Fargo & Company began coverage on LiveRamp in a research note on Monday, October 28th. They issued an "equal weight" rating and a $25.00 target price for the company. Finally, Macquarie reissued an "outperform" rating and set a $43.00 price target on shares of LiveRamp in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $41.14.

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.