Point72 DIFC Ltd Takes $92,000 Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Point72 DIFC Ltd purchased a new position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 3,705 shares of the company’s stock, valued at approximately $92,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Capital Management Inc. increased its position in shares of LiveRamp by 46.7% during the third quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock worth $71,312,000 after purchasing an additional 916,578 shares in the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new position in LiveRamp during the second quarter worth approximately $13,214,000. Assenagon Asset Management S.A. lifted its stake in LiveRamp by 111.4% in the third quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock valued at $13,857,000 after buying an additional 294,743 shares during the last quarter. Invenomic Capital Management LP boosted its holdings in shares of LiveRamp by 257.7% in the third quarter. Invenomic Capital Management LP now owns 337,574 shares of the company’s stock valued at $8,365,000 after acquiring an additional 243,198 shares during the period. Finally, Millennium Management LLC grew its position in shares of LiveRamp by 143.8% during the second quarter. Millennium Management LLC now owns 395,619 shares of the company’s stock worth $12,240,000 after acquiring an additional 233,329 shares during the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Debora B. Tomlin sold 9,765 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were 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 owns 24,509 shares of the company’s stock, valued at approximately $614,440.63. The trade was a 28.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kimberly Bloomston sold 4,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $25.17, for a total transaction of $100,680.00. Following the completion of the transaction, the insider now owns 117,247 shares in the company, valued at approximately $2,951,106.99. This trade represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Benchmark reduced their price target on shares of 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 initiated coverage on shares of LiveRamp in a report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 target price for the company. Finally, Macquarie restated an “outperform” rating and issued a $43.00 price target on shares of LiveRamp in a research report on Thursday, November 7th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.14.

LiveRamp Stock Performance

RAMP stock opened at $31.75 on Monday. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $42.66. The company has a fifty day moving average of $26.90 and a 200-day moving average of $27.84. The stock has a market capitalization of $2.07 billion, a PE ratio of 635.13 and a beta of 0.97.

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