EFG Asset Management North America Corp. Acquires 47,273 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

EFG Asset Management North America Corp. increased its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 106.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,881 shares of the company’s stock after buying an additional 47,273 shares during the period. EFG Asset Management North America Corp. owned about 0.14% of LiveRamp worth $2,788,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. First Horizon Advisors Inc. bought a new position in shares of LiveRamp in the 4th quarter worth $38,000. Smartleaf Asset Management LLC grew its stake in LiveRamp by 477.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock valued at $49,000 after purchasing an additional 1,332 shares during the last quarter. GAMMA Investing LLC raised its holdings in LiveRamp by 232.2% in the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock worth $52,000 after purchasing an additional 1,189 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in LiveRamp by 101.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock worth $62,000 after purchasing an additional 1,027 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of LiveRamp by 57.0% during the fourth quarter. KBC Group NV now owns 3,457 shares of the company’s stock valued at $105,000 after buying an additional 1,255 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Price Performance

NYSE RAMP opened at $27.80 on Tuesday. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 2,779.70 and a beta of 0.96. The stock’s fifty day moving average price is $31.15 and its 200 day moving average price is $28.94. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $38.00.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. Research analysts expect that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on RAMP shares. Evercore ISI boosted their price objective on shares of LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. StockNews.com raised LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Benchmark reiterated a “buy” rating and set a $45.00 price objective on shares of LiveRamp in a report on Wednesday, February 26th. Finally, Morgan Stanley boosted their target price on LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.83.

Insiders Place Their Bets

In other LiveRamp news, CRO Vihan Sharma sold 39,845 shares of the 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 directly owns 110,902 shares of the company’s stock, valued at approximately $3,943,675.12. This trade represents a 26.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Mohsin Hussain sold 3,554 shares of the business’s 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 transaction, the chief technology officer now directly owns 57,594 shares of the company’s stock, valued at approximately $1,939,189.98. This trade represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by insiders.

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.