Y Intercept Hong Kong Ltd Raises Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Y Intercept Hong Kong Ltd grew its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 10.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 30,884 shares of the company’s stock after acquiring an additional 3,020 shares during the period. Y Intercept Hong Kong Ltd’s holdings in LiveRamp were worth $938,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. First Horizon Advisors Inc. purchased a new stake in shares of LiveRamp in the 4th quarter worth about $38,000. Handelsbanken Fonder AB boosted its position in shares of LiveRamp by 23.6% in the 4th quarter. Handelsbanken Fonder AB now owns 16,767 shares of the company’s stock worth $509,000 after buying an additional 3,200 shares in the last quarter. Peregrine Capital Management LLC boosted its position in shares of LiveRamp by 5.7% in the 4th quarter. Peregrine Capital Management LLC now owns 263,984 shares of the company’s stock worth $8,017,000 after buying an additional 14,179 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of LiveRamp by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 369,436 shares of the company’s stock worth $11,220,000 after buying an additional 10,931 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its position in shares of LiveRamp by 4.3% in the 4th quarter. Baillie Gifford & Co. now owns 1,416,642 shares of the company’s stock worth $43,023,000 after buying an additional 58,568 shares in the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Benchmark reiterated a “buy” rating and issued a $45.00 price objective on shares of LiveRamp in a research report on Wednesday. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. Macquarie reissued an “outperform” rating and issued a $43.00 target price on shares of LiveRamp in a research note on Thursday, November 7th. Finally, Morgan Stanley boosted their target price on shares of LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, LiveRamp currently has an average rating of “Moderate Buy” and a consensus target price of $39.83.

Insider Activity

In related news, CTO Mohsin Hussain sold 3,554 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $33.67, for a total transaction of $119,663.18. Following the completion of the sale, the chief technology officer now owns 57,594 shares of the company’s stock, valued at approximately $1,939,189.98. This represents a 5.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Vihan Sharma sold 39,845 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the sale, the executive now directly owns 110,902 shares of the company’s stock, valued at approximately $3,943,675.12. This trade represents a 26.43 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.39% of the company’s stock.

LiveRamp Trading Down 1.2 %

Shares of RAMP stock opened at $29.56 on Friday. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $38.00. The firm has a 50-day moving average price of $32.14 and a 200 day moving average price of $28.56. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 2,955.50 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. As a group, research analysts predict that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

LiveRamp Company 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.