Potrero Capital Research LLC acquired a new position in LiveRamp Holdings (NASDAQ:RAMP) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 104,912 shares of the company’s stock, valued at approximately $5,086,000. LiveRamp accounts for 2.9% of Potrero Capital Research LLC’s investment portfolio, making the stock its 13th largest holding.
A number of other institutional investors have also recently bought and sold shares of RAMP. Geode Capital Management LLC purchased a new stake in LiveRamp in the 4th quarter worth about $30,033,000. FMR LLC raised its position in LiveRamp by 7,200.2% in the 1st quarter. FMR LLC now owns 456,701 shares of the company’s stock worth $24,923,000 after purchasing an additional 450,445 shares during the period. Renaissance Technologies LLC purchased a new stake in LiveRamp in the 2nd quarter worth about $14,645,000. Janus Henderson Group PLC raised its position in LiveRamp by 23.6% in the 2nd quarter. Janus Henderson Group PLC now owns 1,511,601 shares of the company’s stock worth $73,282,000 after purchasing an additional 289,040 shares during the period. Finally, Artisan Partners Limited Partnership purchased a new stake in LiveRamp in the 1st quarter worth about $12,907,000.
A number of brokerages have commented on RAMP. First Analysis upgraded shares of LiveRamp from an “outperform” rating to a “strong-buy” rating in a research note on Friday. Zacks Investment Research downgraded shares of LiveRamp from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Susquehanna Bancshares began coverage on shares of LiveRamp in a research note on Wednesday, June 26th. They issued a “positive” rating and a $70.00 target price on the stock. Finally, Morgan Stanley began coverage on shares of LiveRamp in a research note on Monday, July 15th. They issued an “overweight” rating and a $64.00 target price on the stock. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. LiveRamp currently has an average rating of “Buy” and an average target price of $62.14.
RAMP stock traded up $0.70 during mid-day trading on Friday, reaching $47.14. The company had a trading volume of 385,830 shares, compared to its average volume of 680,285. The firm has a 50 day moving average of $44.90 and a 200 day moving average of $51.78. LiveRamp Holdings has a 12 month low of $36.53 and a 12 month high of $63.23.
LiveRamp (NASDAQ:RAMP) last issued its earnings results on Monday, August 5th. The company reported ($0.51) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.52) by $0.01. The company had revenue of $82.51 million during the quarter, compared to the consensus estimate of $78.31 million.
LiveRamp Holdings, Inc provides identity and data connectivity for powering exceptional customer experiences. The company offers IdentityLink, an identity resolution platform that connects people, data, and devices across the physical and digital world, powering privacy-compliant, people-based marketing that allows consumers to better connect with the brands and products they love.
Further Reading: Exchange-Traded Funds (ETFs)
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