Fox Run Management L.L.C. Grows Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Fox Run Management L.L.C. raised its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 31.2% during the 4th quarter, HoldingsChannel reports. The firm owned 26,059 shares of the company’s stock after acquiring an additional 6,193 shares during the quarter. Fox Run Management L.L.C.’s holdings in LiveRamp were worth $791,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in RAMP. First Horizon Advisors Inc. purchased a new position in LiveRamp in the fourth quarter valued at about $38,000. Smartleaf Asset Management LLC raised its position in LiveRamp by 477.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock valued at $49,000 after purchasing an additional 1,332 shares during the period. GAMMA Investing LLC raised its position in LiveRamp by 232.2% in the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock valued at $52,000 after purchasing an additional 1,189 shares during the period. Parkside Financial Bank & Trust raised its position in LiveRamp by 101.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock valued at $62,000 after purchasing an additional 1,027 shares during the period. Finally, Point72 DIFC Ltd purchased a new position in LiveRamp in the third quarter valued at about $92,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RAMP has been the subject of several recent analyst reports. Evercore ISI raised their target price on LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Morgan Stanley raised their target price on LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Benchmark restated a “buy” rating and set a $45.00 target price on shares of LiveRamp in a research note on Wednesday, February 26th. Finally, StockNews.com upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. Two investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.83.

LiveRamp Stock Performance

NYSE:RAMP opened at $27.17 on Monday. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 2,716.70 and a beta of 0.96. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $38.00. The stock has a 50-day simple moving average of $31.18 and a 200 day simple moving average of $28.92.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results 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 return on equity of 0.97% and a net margin of 0.01%. On average, equities research analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Insider Buying and Selling

In other LiveRamp news, CTO Mohsin Hussain sold 3,554 shares of LiveRamp stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $33.67, for a total value of $119,663.18. Following the completion of the transaction, the chief technology officer now directly owns 57,594 shares in the company, valued at $1,939,189.98. The trade was a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Vihan Sharma sold 39,845 shares of LiveRamp stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $35.56, for a total value of $1,416,888.20. Following the completion of the transaction, the executive now owns 110,902 shares of the company’s stock, valued at approximately $3,943,675.12. The trade was a 26.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.39% of the company’s stock.

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.