NINE MASTS CAPITAL Ltd Purchases New Stake in LiveRamp Holdings, Inc. $RAMP

NINE MASTS CAPITAL Ltd acquired a new position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,266 shares of the company’s stock, valued at approximately $537,000.

A number of other hedge funds have also recently added to or reduced their stakes in RAMP. Azzad Asset Management Inc. ADV raised its holdings in shares of LiveRamp by 1.1% during the first quarter. Azzad Asset Management Inc. ADV now owns 32,887 shares of the company’s stock worth $872,000 after purchasing an additional 353 shares during the period. Lido Advisors LLC boosted its holdings in shares of LiveRamp by 4.8% in the 4th quarter. Lido Advisors LLC now owns 9,418 shares of the company’s stock valued at $261,000 after buying an additional 429 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of LiveRamp by 6.1% in the 1st quarter. NewEdge Advisors LLC now owns 8,026 shares of the company’s stock valued at $213,000 after buying an additional 465 shares during the period. Engineers Gate Manager LP grew its position in shares of LiveRamp by 0.5% during the 2nd quarter. Engineers Gate Manager LP now owns 113,424 shares of the company’s stock valued at $3,748,000 after buying an additional 561 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of LiveRamp by 8.8% during the 3rd quarter. US Bancorp DE now owns 6,944 shares of the company’s stock valued at $188,000 after buying an additional 564 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Analysts Set New Price Targets

RAMP has been the topic of several research reports. Craig Hallum lowered shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price objective on the stock. in a research note on Tuesday, May 19th. DA Davidson restated a “neutral” rating on shares of LiveRamp in a research note on Tuesday, August 11th. Weiss Ratings raised LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, Morgan Stanley set a $38.50 price target on LiveRamp in a research report on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $40.21.

LiveRamp Price Performance

Shares of LiveRamp stock opened at $37.74 on Monday. LiveRamp Holdings, Inc. has a 1-year low of $21.71 and a 1-year high of $38.23. The business’s fifty day moving average price is $37.74 and its two-hundred day moving average price is $32.87. The company has a market capitalization of $2.29 billion, a P/E ratio of 15.47 and a beta of 1.29.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07. The company had revenue of $213.99 million during the quarter, compared to analysts’ expectations of $211.45 million. LiveRamp had a return on equity of 9.77% and a net margin of 18.71%.The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 earnings per share. On average, research analysts expect that LiveRamp Holdings, Inc. will post 2.04 earnings per share for the current fiscal year.

LiveRamp Profile

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company’s core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp’s platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.