60,890 Shares in LiveRamp Holdings, Inc. (NYSE:RAMP) Bought by Bronte Capital Management Pty Ltd.

Bronte Capital Management Pty Ltd. acquired a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 60,890 shares of the company’s stock, valued at approximately $2,307,000. LiveRamp accounts for 0.2% of Bronte Capital Management Pty Ltd.’s portfolio, making the stock its 26th biggest position.

Other large investors also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. acquired a new position in shares of LiveRamp in the 3rd quarter valued at $12,742,000. Jennison Associates LLC acquired a new position in LiveRamp in the 4th quarter valued at $13,775,000. Vanguard Group Inc. increased its stake in shares of LiveRamp by 3.8% in the third quarter. Vanguard Group Inc. now owns 8,139,409 shares of the company’s stock valued at $234,741,000 after buying an additional 296,586 shares during the period. Banque Pictet & Cie SA acquired a new position in shares of LiveRamp in the 3rd quarter worth approximately $3,951,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of LiveRamp during the 3rd quarter valued at $3,497,000. Institutional investors own 93.83% of the company’s stock.

Wall Street Analyst Weigh In

RAMP has been the subject of several analyst reports. StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 16th. Benchmark reiterated a “buy” rating and set a $51.00 price target on shares of LiveRamp in a research report on Monday, March 4th. Craig Hallum increased their price target on shares of LiveRamp from $42.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, Susquehanna upped their price objective on LiveRamp from $45.00 to $50.00 and gave the stock a “positive” rating in a research note on Friday, February 9th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, LiveRamp currently has an average rating of “Buy” and a consensus target price of $47.75.

LiveRamp Price Performance

NYSE RAMP traded up $0.43 during trading hours on Thursday, hitting $32.69. 463,529 shares of the company’s stock traded hands, compared to its average volume of 575,813. The firm’s 50-day moving average is $33.58 and its 200-day moving average is $34.81. LiveRamp Holdings, Inc. has a 52-week low of $23.15 and a 52-week high of $42.66. The company has a market capitalization of $2.14 billion, a PE ratio of -146.64 and a beta of 1.00.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. The business had revenue of $173.87 million for the quarter, compared to analyst estimates of $174.00 million. LiveRamp had a positive return on equity of 1.57% and a negative net margin of 2.22%. Equities research analysts predict that LiveRamp Holdings, Inc. will post 0.64 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Timothy R. Cadogan sold 1,500 shares of LiveRamp stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $37.00, for a total transaction of $55,500.00. Following the completion of the transaction, the director now directly owns 51,016 shares of the company’s stock, valued at $1,887,592. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.93% of the company’s stock.

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.