Bronte Capital Management Pty Ltd. Has $6.28 Million Stake in LiveRamp Holdings, Inc. $RAMP

Bronte Capital Management Pty Ltd. decreased its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 17.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 231,395 shares of the company’s stock after selling 47,783 shares during the quarter. LiveRamp accounts for about 0.9% of Bronte Capital Management Pty Ltd.’s investment portfolio, making the stock its 17th biggest position. Bronte Capital Management Pty Ltd. owned about 0.35% of LiveRamp worth $6,280,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Strs Ohio acquired a new stake in LiveRamp during the first quarter worth about $31,000. Headlands Technologies LLC bought a new stake in shares of LiveRamp in the 2nd quarter worth approximately $31,000. Parkside Financial Bank & Trust grew its holdings in shares of LiveRamp by 18.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 3,080 shares of the company’s stock worth $84,000 after purchasing an additional 487 shares in the last quarter. Heritage Family Offices LLP bought a new stake in shares of LiveRamp during the third quarter valued at approximately $206,000. Finally, Prudent Man Advisors LLC bought a new stake in shares of LiveRamp during the second quarter valued at approximately $208,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of LiveRamp in a research note on Monday, December 29th. Cross Research set a $53.00 price objective on shares of LiveRamp in a report on Tuesday, November 4th. Wells Fargo & Company lifted their target price on shares of LiveRamp from $31.00 to $34.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Morgan Stanley increased their price target on shares of LiveRamp from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 13th. Finally, Zacks Research lowered shares of LiveRamp from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $41.33.

LiveRamp Price Performance

RAMP stock opened at $22.83 on Thursday. The company has a 50 day moving average price of $27.73 and a 200 day moving average price of $28.19. LiveRamp Holdings, Inc. has a fifty-two week low of $21.71 and a fifty-two week high of $36.08. The stock has a market capitalization of $1.45 billion, a PE ratio of 37.43 and a beta of 1.13.

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

About LiveRamp

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company’s core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp’s platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.