Tributary Capital Management LLC Makes New $15.25 Million Investment in LiveRamp Holdings, Inc. (NYSE:RAMP)

Tributary Capital Management LLC purchased a new position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 502,162 shares of the company’s stock, valued at approximately $15,251,000. Tributary Capital Management LLC owned 0.77% of LiveRamp as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Quarry LP lifted its stake in shares of LiveRamp by 4,575.0% in the 2nd quarter. Quarry LP now owns 935 shares of the company’s stock valued at $29,000 after purchasing an additional 915 shares in the last quarter. DT Investment Partners LLC lifted its position in LiveRamp by 62.6% during the third quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock valued at $35,000 after buying an additional 545 shares in the last quarter. GAMMA Investing LLC grew its stake in LiveRamp by 232.2% during the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock worth $52,000 after buying an additional 1,189 shares during the period. Point72 DIFC Ltd purchased a new stake in LiveRamp during the third quarter worth approximately $92,000. Finally, Blue Trust Inc. increased its position in shares of LiveRamp by 668.9% in the third quarter. Blue Trust Inc. now owns 8,189 shares of the company’s stock worth $203,000 after acquiring an additional 7,124 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Stock Up 0.4 %

Shares of NYSE RAMP opened at $33.58 on Friday. The stock has a market capitalization of $2.19 billion, a P/E ratio of 671.73 and a beta of 0.96. The stock’s 50 day moving average price is $30.96 and its two-hundred day moving average price is $27.95. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $42.10.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data 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. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The firm had revenue of $185.00 million for the quarter, compared to analysts’ expectations of $176.16 million. During the same period last year, the business posted $0.21 earnings per share. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, analysts anticipate that LiveRamp Holdings, Inc. will post 0.36 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RAMP. Wells Fargo & Company assumed coverage on shares of LiveRamp in a research report on Monday, October 28th. They set an “equal weight” rating and a $25.00 price target for the company. Morgan Stanley restated an “equal weight” rating and issued a $35.00 target price on shares of LiveRamp in a research note on Monday, January 13th. Benchmark dropped their price target on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Finally, Macquarie reaffirmed an “outperform” rating and set a $43.00 target price on shares of LiveRamp in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $39.71.

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.