Cresset Asset Management LLC Makes New Investment in LiveRamp Holdings, Inc. $RAMP

Cresset Asset Management LLC bought a new position in LiveRamp Holdings, Inc. (NYSE:RAMP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 61,608 shares of the company’s stock, valued at approximately $2,036,000. Cresset Asset Management LLC owned about 0.09% of LiveRamp at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Strs Ohio bought a new position in LiveRamp in the 1st quarter worth about $31,000. State of Wyoming purchased a new position in LiveRamp in the first quarter worth about $49,000. Prudent Man Advisors LLC bought a new position in shares of LiveRamp in the second quarter worth approximately $208,000. Jump Financial LLC purchased a new stake in shares of LiveRamp during the first quarter valued at approximately $209,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of LiveRamp during the first quarter valued at approximately $212,000. 93.83% of the stock is currently owned by institutional investors.

LiveRamp Stock Down 1.2%

NYSE RAMP opened at $29.09 on Tuesday. The company has a 50-day moving average price of $28.33 and a 200-day moving average price of $29.64. LiveRamp Holdings, Inc. has a 52 week low of $22.82 and a 52 week high of $36.08. The firm has a market capitalization of $1.85 billion, a P/E ratio of 47.69 and a beta of 1.17.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. LiveRamp had a net margin of 5.15% and a return on equity of 4.44%. The company had revenue of $199.83 million for the quarter, compared to the consensus estimate of $197.31 million. During the same quarter last year, the firm posted $0.51 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. As a group, equities research analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on RAMP shares. Benchmark reaffirmed a “buy” rating on shares of LiveRamp in a research report on Tuesday, November 4th. Morgan Stanley upped their price target on LiveRamp from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, November 13th. Wall Street Zen upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 13th. Cross Research set a $53.00 target price on LiveRamp in a research report on Tuesday, November 4th. Finally, Wells Fargo & Company raised their price target on shares of LiveRamp from $31.00 to $34.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, LiveRamp has an average rating of “Hold” and an average target price of $43.50.

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.