EntryPoint Capital LLC Makes New Investment in LiveRamp Holdings, Inc. (NYSE:RAMP)

EntryPoint Capital LLC purchased a new position in LiveRamp Holdings, Inc. (NYSE:RAMP) in the first quarter, HoldingsChannel reports. The institutional investor purchased 3,508 shares of the company’s stock, valued at approximately $121,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vident Advisory LLC purchased a new position in shares of LiveRamp during the first quarter worth $3,172,000. CANADA LIFE ASSURANCE Co raised its holdings in shares of LiveRamp by 5.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 57,765 shares of the company’s stock worth $1,992,000 after purchasing an additional 3,033 shares during the last quarter. UniSuper Management Pty Ltd purchased a new position in shares of LiveRamp during the first quarter worth $508,000. Seven Eight Capital LP purchased a new position in shares of LiveRamp during the first quarter worth $1,302,000. Finally, Covestor Ltd raised its holdings in shares of LiveRamp by 44.9% during the first quarter. Covestor Ltd now owns 2,131 shares of the company’s stock worth $73,000 after purchasing an additional 660 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Benchmark reaffirmed a “buy” rating and issued a $56.00 price objective on shares of LiveRamp in a report on Wednesday, July 10th. StockNews.com lowered shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 16th. Finally, Morgan Stanley lowered their price target on shares of LiveRamp from $49.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, May 23rd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $50.25.

Insider Buying and Selling

In other news, insider Kimberly Bloomston sold 13,055 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $31.11, for a total value of $406,141.05. Following the completion of the transaction, the insider now owns 127,404 shares in the company, valued at approximately $3,963,538.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CTO Mohsin Hussain sold 17,299 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $31.15, for a total value of $538,863.85. Following the sale, the chief technology officer now directly owns 88,546 shares of the company’s stock, valued at approximately $2,758,207.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Kimberly Bloomston sold 13,055 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $31.11, for a total transaction of $406,141.05. Following the completion of the sale, the insider now directly owns 127,404 shares in the company, valued at $3,963,538.44. The disclosure for this sale can be found here. 3.39% of the stock is owned by company insiders.

LiveRamp Stock Up 1.3 %

NYSE RAMP traded up $0.40 on Friday, hitting $30.46. 135,601 shares of the stock were exchanged, compared to its average volume of 621,577. The company has a 50-day moving average price of $31.21 and a 200-day moving average price of $33.99. LiveRamp Holdings, Inc. has a fifty-two week low of $27.04 and a fifty-two week high of $42.66. The company has a market cap of $2.04 billion, a PE ratio of 167.01 and a beta of 1.00.

LiveRamp (NYSE:RAMP) last issued its earnings results on Wednesday, May 22nd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.07). LiveRamp had a net margin of 1.80% and a return on equity of 3.27%. The company had revenue of $171.85 million during the quarter, compared to analyst estimates of $159.95 million. As a group, equities research analysts predict that LiveRamp Holdings, Inc. will post 0.3 EPS for the current fiscal year.

LiveRamp 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.