LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Sold by Invenomic Capital Management LP
Invenomic Capital Management LP lowered its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP – Free Report) by 63.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 313,338 shares of the company’s stock after selling 553,424 shares during the quarter. Invenomic Capital Management LP owned 0.47% of LiveRamp worth $8,949,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also modified their holdings of the stock. State of Wyoming purchased a new stake in shares of LiveRamp during the second quarter worth $274,000. Tower Research Capital LLC TRC increased its position in shares of LiveRamp by 52.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,694 shares of the company’s stock worth $48,000 after acquiring an additional 583 shares during the period. ArrowMark Colorado Holdings LLC increased its position in shares of LiveRamp by 20.1% in the 2nd quarter. ArrowMark Colorado Holdings LLC now owns 161,000 shares of the company’s stock valued at $4,598,000 after purchasing an additional 27,000 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of LiveRamp in the 2nd quarter valued at approximately $4,361,000. Finally, State Street Corp increased its position in shares of LiveRamp by 0.5% in the 2nd quarter. State Street Corp now owns 2,448,383 shares of the company’s stock valued at $69,926,000 after purchasing an additional 12,183 shares during the last quarter. Hedge funds and other institutional investors own 90.50% of the company’s stock.
Analyst Ratings Changes
RAMP has been the topic of a number of recent analyst reports. TheStreet raised shares of LiveRamp from a “d+” rating to a “c-” rating in a research report on Wednesday, August 16th. StockNews.com initiated coverage on shares of LiveRamp in a research report on Thursday, October 5th. They issued a “strong-buy” rating on the stock. Susquehanna increased their price target on shares of LiveRamp from $35.00 to $45.00 and gave the company a “positive” rating in a research note on Thursday, November 9th. Morgan Stanley increased their price target on shares of LiveRamp from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. Finally, Benchmark reiterated a “buy” rating and issued a $37.00 price target on shares of LiveRamp in a research note on Tuesday, November 7th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $37.60.
Read Our Latest Research Report on RAMP
LiveRamp Stock Down 1.6 %
Shares of NYSE:RAMP traded down $0.55 during midday trading on Friday, hitting $34.30. The stock had a trading volume of 450,830 shares, compared to its average volume of 529,802. The stock has a 50 day moving average price of $30.92 and a two-hundred day moving average price of $29.31. LiveRamp Holdings, Inc. has a 1 year low of $20.25 and a 1 year high of $36.76.
LiveRamp (NYSE:RAMP – Get Free Report) last posted its earnings results on Wednesday, November 8th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.12. LiveRamp had a negative return on equity of 0.95% and a negative net margin of 9.30%. The company had revenue of $159.87 million for the quarter, compared to analyst estimates of $152.33 million. As a group, equities research analysts predict that LiveRamp Holdings, Inc. will post 0.46 earnings per share for the current year.
LiveRamp Profile (Free Report)
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.
See Also
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