Geode Capital Management LLC Takes Position in LiveRamp Holdings (NASDAQ:RAMP)

Geode Capital Management LLC acquired a new stake in shares of LiveRamp Holdings (NASDAQ:RAMP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 777,462 shares of the company’s stock, valued at approximately $30,033,000. Geode Capital Management LLC owned approximately 1.14% of LiveRamp at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Delta Asset Management LLC TN purchased a new position in LiveRamp in the 4th quarter worth approximately $26,000. Ffcm LLC purchased a new position in shares of LiveRamp during the fourth quarter valued at approximately $33,000. Resources Investment Advisors Inc. purchased a new position in shares of LiveRamp during the fourth quarter valued at approximately $34,000. Quantamental Technologies LLC purchased a new position in shares of LiveRamp during the fourth quarter valued at approximately $67,000. Finally, PNC Financial Services Group Inc. bought a new stake in shares of LiveRamp during the fourth quarter valued at approximately $70,000.

Several equities research analysts recently weighed in on RAMP shares. Zacks Investment Research upgraded LiveRamp from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Tuesday, March 5th. Susquehanna Bancshares started coverage on LiveRamp in a research report on Wednesday. They set a “positive” rating and a $70.00 price target on the stock. Finally, First Analysis upgraded LiveRamp from a “neutral” rating to an “outperform” rating and set a $55.00 price target on the stock in a research report on Wednesday, May 29th. Six investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of $62.67.

Shares of NASDAQ:RAMP traded up $1.05 during midday trading on Friday, reaching $48.48. 2,546,480 shares of the company’s stock traded hands, compared to its average volume of 735,749. LiveRamp Holdings has a one year low of $29.90 and a one year high of $63.23. The stock’s 50 day moving average price is $52.72.

LiveRamp (NASDAQ:RAMP) last posted its quarterly earnings data on Tuesday, May 28th. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.22). The company had revenue of $78.30 million during the quarter, compared to the consensus estimate of $76.99 million. LiveRamp’s revenue was up 30.1% on a year-over-year basis.

LiveRamp Company Profile

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.

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Institutional Ownership by Quarter for LiveRamp (NASDAQ:RAMP)

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