GAMMA Investing LLC Has $1.25 Million Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

GAMMA Investing LLC increased its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 2,715.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,888 shares of the company’s stock after purchasing an additional 46,187 shares during the quarter. GAMMA Investing LLC owned approximately 0.07% of LiveRamp worth $1,252,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new position in LiveRamp during the fourth quarter worth $38,000. Quarry LP raised its position in LiveRamp by 344.4% during the fourth quarter. Quarry LP now owns 1,462 shares of the company’s stock worth $44,000 after acquiring an additional 1,133 shares in the last quarter. Smartleaf Asset Management LLC raised its position in LiveRamp by 477.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock worth $49,000 after acquiring an additional 1,332 shares in the last quarter. Parkside Financial Bank & Trust raised its position in LiveRamp by 101.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock worth $62,000 after acquiring an additional 1,027 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in LiveRamp by 97.0% during the fourth quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company’s stock worth $121,000 after acquiring an additional 1,963 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Insider Buying and Selling

In related news, CTO Mohsin Hussain sold 17,529 shares of the firm’s stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total transaction of $578,457.00. Following the transaction, the chief technology officer now directly owns 79,616 shares of the company’s stock, valued at approximately $2,627,328. This trade represents a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.39% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

RAMP has been the topic of several analyst reports. Morgan Stanley upped their price target on shares of LiveRamp from $28.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Friday, May 23rd. Wells Fargo & Company upped their price target on shares of LiveRamp from $26.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 22nd. Wall Street Zen raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 22nd. Benchmark reaffirmed a “buy” rating and set a $48.00 price target (up from $45.00) on shares of LiveRamp in a research report on Thursday, May 22nd. Finally, Evercore ISI reaffirmed an “underperform” rating on shares of LiveRamp in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, LiveRamp has a consensus rating of “Moderate Buy” and an average target price of $40.67.

LiveRamp Price Performance

Shares of RAMP opened at $31.25 on Monday. The firm has a market capitalization of $2.03 billion, a PE ratio of 3,124.70 and a beta of 1.01. The company’s 50-day moving average is $28.73 and its 200-day moving average is $29.84. LiveRamp Holdings, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $36.08.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). The company had revenue of $188.72 million during the quarter, compared to the consensus estimate of $185.41 million. LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. LiveRamp’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 earnings per share. Analysts predict that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

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.