Renaissance Technologies LLC Buys New Position in LiveRamp Holdings (NASDAQ:RAMP)

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Renaissance Technologies LLC bought a new stake in shares of LiveRamp Holdings (NASDAQ:RAMP) in the second quarter, Holdings Channel reports. The firm bought 302,078 shares of the company’s stock, valued at approximately $14,645,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan boosted its holdings in LiveRamp by 1.8% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 12,620 shares of the company’s stock valued at $612,000 after acquiring an additional 220 shares during the period. Stephens Inc. AR boosted its holdings in LiveRamp by 3.5% during the 2nd quarter. Stephens Inc. AR now owns 7,075 shares of the company’s stock valued at $343,000 after acquiring an additional 241 shares during the period. Advisor Group Inc. boosted its holdings in LiveRamp by 100.0% during the 2nd quarter. Advisor Group Inc. now owns 536 shares of the company’s stock valued at $27,000 after acquiring an additional 268 shares during the period. Wrapmanager Inc. boosted its holdings in LiveRamp by 5.7% during the 2nd quarter. Wrapmanager Inc. now owns 5,253 shares of the company’s stock valued at $255,000 after acquiring an additional 281 shares during the period. Finally, Mason Street Advisors LLC boosted its holdings in LiveRamp by 1.8% during the 1st quarter. Mason Street Advisors LLC now owns 36,285 shares of the company’s stock valued at $1,980,000 after acquiring an additional 657 shares during the period.

RAMP has been the subject of a number of research analyst reports. Susquehanna Bancshares initiated coverage on LiveRamp in a report on Wednesday, June 26th. They set a “positive” rating and a $70.00 target price for the company. Zacks Investment Research cut LiveRamp from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. First Analysis upgraded LiveRamp from a “neutral” rating to an “outperform” rating and set a $55.00 price objective for the company in a research note on Wednesday, May 29th. Finally, Morgan Stanley initiated coverage on LiveRamp in a research note on Monday, July 15th. They issued an “overweight” rating and a $64.00 price objective for the company. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. LiveRamp has an average rating of “Buy” and a consensus price target of $62.14.

In other LiveRamp news, Director Clark M. Kokich sold 1,000 shares of LiveRamp stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $44.14, for a total transaction of $44,140.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

RAMP stock traded up $1.48 during trading on Thursday, hitting $47.54. 158,124 shares of the company’s stock were exchanged, compared to its average volume of 681,047. The business has a 50-day moving average price of $45.02 and a two-hundred day moving average price of $51.82. LiveRamp Holdings has a 52-week low of $36.53 and a 52-week high of $63.23.

LiveRamp (NASDAQ:RAMP) last posted its earnings results on Monday, August 5th. The company reported ($0.51) earnings per share for the quarter, topping the consensus estimate of ($0.52) by $0.01. The business had revenue of $82.51 million for the quarter, compared to analysts’ expectations of $78.31 million.

About LiveRamp

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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