Weiss Asset Management LP Has $5.82 Million Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Weiss Asset Management LP boosted its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 8.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 235,020 shares of the company’s stock after acquiring an additional 19,287 shares during the period. Weiss Asset Management LP owned 0.36% of LiveRamp worth $5,824,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. DT Investment Partners LLC bought a new position in LiveRamp during the 2nd quarter worth $27,000. Quarry LP grew its holdings in shares of LiveRamp by 4,575.0% during the 2nd quarter. Quarry LP now owns 935 shares of the company’s stock worth $29,000 after purchasing an additional 915 shares in the last quarter. Blue Trust Inc. boosted its stake in LiveRamp by 187.1% in the second quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock valued at $33,000 after buying an additional 694 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in LiveRamp in the first quarter valued at about $87,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of LiveRamp during the third quarter valued at about $92,000. Institutional investors own 93.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on RAMP shares. Benchmark lowered their price objective on LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Wells Fargo & Company began coverage on LiveRamp in a research report on Monday, October 28th. They set an “equal weight” rating and a $25.00 price objective for the company. Finally, Macquarie reiterated an “outperform” rating and issued a $43.00 target price on shares of LiveRamp in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, LiveRamp has an average rating of “Moderate Buy” and a consensus target price of $41.14.

LiveRamp Stock Performance

Shares of RAMP stock opened at $31.75 on Friday. The company has a market cap of $2.07 billion, a P/E ratio of 635.13 and a beta of 0.97. The stock has a 50 day simple moving average of $26.90 and a two-hundred day simple moving average of $27.91. LiveRamp Holdings, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $42.66.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.37 by $0.14. The firm had revenue of $185.00 million during the quarter, compared to the consensus estimate of $176.16 million. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 earnings per share. On average, research analysts predict that LiveRamp Holdings, Inc. will post 0.36 earnings per share for the current year.

Insider Activity

In related news, insider Kimberly Bloomston sold 4,000 shares of LiveRamp stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.17, for a total transaction of $100,680.00. Following the transaction, the insider now owns 117,247 shares of the company’s stock, valued at $2,951,106.99. The trade was a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Debora B. Tomlin sold 9,765 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was 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 directly owns 24,509 shares in the company, valued at approximately $614,440.63. This represents a 28.49 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.39% of the company’s stock.

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.