Janney Montgomery Scott LLC Boosts Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Janney Montgomery Scott LLC raised its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 30.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 41,205 shares of the company’s stock after purchasing an additional 9,737 shares during the quarter. Janney Montgomery Scott LLC’s holdings in LiveRamp were worth $1,251,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP grew its holdings in shares of LiveRamp by 4,575.0% in the second 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 boosted its position in LiveRamp by 62.6% in the 3rd 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 during the period. GAMMA Investing LLC grew its stake in shares of LiveRamp by 232.2% in the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock worth $52,000 after acquiring an additional 1,189 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of LiveRamp during the third quarter worth $92,000. Finally, Blue Trust Inc. raised its stake in shares of LiveRamp by 668.9% in the third quarter. Blue Trust Inc. now owns 8,189 shares of the company’s stock valued at $203,000 after acquiring an additional 7,124 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 brokerages have weighed in on RAMP. Macquarie restated an “outperform” rating and set a $43.00 price target on shares of LiveRamp in a report on Thursday, November 7th. Benchmark restated a “buy” rating and set a $42.00 target price on shares of LiveRamp in a research note on Tuesday. StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. Wells Fargo & Company began coverage on shares of LiveRamp in a research report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price objective on the stock. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $35.00 price objective on shares of LiveRamp in a research report on Monday, January 13th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $39.71.

LiveRamp Trading Up 1.6 %

Shares of LiveRamp stock opened at $34.23 on Wednesday. The company has a fifty day simple moving average of $31.58 and a 200-day simple moving average of $28.01. LiveRamp Holdings, Inc. has a 12-month low of $21.45 and a 12-month high of $42.10. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 684.70 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the firm posted $0.21 EPS. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, analysts forecast that LiveRamp Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

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.