Stanley Laman Group Ltd. Makes New Investment in LiveRamp Holdings, Inc. (NYSE:RAMP)

Stanley Laman Group Ltd. purchased a new position in LiveRamp Holdings, Inc. (NYSE:RAMP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 78,173 shares of the company’s stock, valued at approximately $2,374,000. Stanley Laman Group Ltd. owned about 0.12% of LiveRamp as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. American Capital Management Inc. grew its position in LiveRamp by 46.7% in 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 during the last quarter. Franklin Resources Inc. boosted its stake in LiveRamp by 11.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,526,250 shares of the company’s stock worth $37,653,000 after purchasing an additional 157,696 shares during the period. Geode Capital Management LLC boosted its stake in LiveRamp by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,493,522 shares of the company’s stock worth $37,017,000 after purchasing an additional 15,340 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in LiveRamp by 7.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 946,808 shares of the company’s stock worth $23,462,000 after purchasing an additional 69,063 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in LiveRamp by 111.4% in 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 period. Institutional investors and hedge funds own 93.83% of the company’s stock.

Insider Transactions at LiveRamp

In other news, CRO Vihan Sharma sold 39,845 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the transaction, the executive now owns 110,902 shares in the company, valued at approximately $3,943,675.12. The trade was a 26.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.39% of the company’s stock.

LiveRamp Price Performance

Shares of RAMP opened at $33.79 on Thursday. The company has a market capitalization of $2.22 billion, a PE ratio of 3,379.00 and a beta of 0.96. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $38.15. The company’s fifty day moving average price is $32.05 and its 200 day moving average price is $28.21.

LiveRamp (NYSE:RAMP) last announced its earnings results on Wednesday, February 5th. The company reported $0.23 EPS 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%. Analysts anticipate that LiveRamp Holdings, Inc. will post 0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

RAMP has been the subject of a number of recent analyst reports. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. Morgan Stanley raised their price objective on shares of LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Macquarie reaffirmed an “outperform” rating and issued a $43.00 price objective on shares of LiveRamp in a research note on Thursday, November 7th. Benchmark reissued a “buy” rating and set a $42.00 target price on shares of LiveRamp in a research note on Tuesday, February 4th. Finally, Evercore ISI lifted their target price on shares of LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Two equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.33.

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.