Magnetar Financial LLC Takes Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Magnetar Financial LLC bought a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) in the fourth quarter, Holdings Channel reports. The fund bought 26,612 shares of the company’s stock, valued at approximately $808,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of RAMP. First Horizon Advisors Inc. bought a new position in shares of LiveRamp during the 4th quarter valued at approximately $38,000. Smartleaf Asset Management LLC boosted its holdings in LiveRamp by 477.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock worth $49,000 after buying an additional 1,332 shares during the period. GAMMA Investing LLC boosted its holdings in LiveRamp by 232.2% in the 4th quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock worth $52,000 after buying an additional 1,189 shares during the period. Parkside Financial Bank & Trust boosted its holdings in LiveRamp by 101.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock worth $62,000 after buying an additional 1,027 shares during the period. Finally, Point72 DIFC Ltd bought a new position in LiveRamp in the 3rd quarter worth approximately $92,000. 93.83% of the stock is owned by institutional investors.

LiveRamp Price Performance

Shares of NYSE:RAMP opened at $27.17 on Friday. The firm has a fifty day moving average price of $31.18 and a two-hundred day moving average price of $28.87. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $38.00. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 2,716.70 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. Equities research analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RAMP. Evercore ISI raised their price objective on shares of LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Morgan Stanley raised their price objective on shares of LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and issued a $45.00 price objective on shares of LiveRamp in a report on Wednesday, February 26th. Finally, StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Two equities research 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 stock. According to MarketBeat.com, LiveRamp currently has an average rating of “Moderate Buy” and an average price target of $39.83.

Insider Activity

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