LiveRamp Holdings, Inc. (NYSE:RAMP) is one of the small-cap tech stocks hedge funds were buying in Q2. On October 23, 2025, LiveRamp announced it had expanded the measurement capabilities available to retail media networks using its platform, specifically through deeper attribution insights from Meta Platforms, Inc. campaigns. The company said the enhancement will allow participating retailers to better understand closed-loop performance across Meta’s advertising surfaces. LiveRamp Expands Meta Attributi ...

Core Insights - LiveRamp has announced expanded measurement capabilities that enhance customer outcomes through its data collaboration network [1] - Retail media networks (RMNs) can now gain new attribution insights from their Meta campaign investments via the LiveRamp Clean Room [1] - By linking Meta campaign results with first-party sales data, RMNs and their partners can analyze how off-property sites, including Meta, contribute to sales and orders [1]

Core Viewpoint - LiveRamp is set to release its fiscal 2026 second quarter financial results on November 5, 2025, after market close, followed by a conference call to discuss the results [1] Company Overview - LiveRamp is a leading data collaboration technology company that empowers marketers and media owners to enhance and measure marketing performance across various platforms [3] - The company’s data collaboration network integrates data from advertisers, platforms, publishers, data providers, and commerce media networks, providing deep insights and driving measurable growth [3][4] - LiveRamp operates on principles of neutrality, interoperability, and global scale, enabling organizations to maximize data value and foster innovation [4] Conference Call Details - The conference call to discuss the financial results will take place at 1:30 p.m. PT on the same day as the results release [1] - Access to the conference call will be available via telephone at (888) 596-4144 or (646) 968-2525, with the conference call ID being 8084681 [2]

Group 1 - LiveRamp Holdings Inc. is recognized as a promising growth stock, particularly following the introduction of new AI capabilities on October 1, which include agentic tools, segmentation, and search functionalities [1][3] - The company is the first to provide autonomous AI agents with governed access to its data collaboration network, facilitating secure and intelligent data collaboration at scale [2] - New agentic orchestration allows marketers to connect their own or partner agents via APIs, enabling faster and more informed decision-making through controlled access to LiveRamp's identity and insights from 900 partners [3] Group 2 - LiveRamp operates a data collaboration platform across the US, Europe, Asia-Pacific, and internationally, indicating its broad market presence [4]

Market Outlook - The Chief Investment Officer at Truist Wealth, Keith Lerner, indicated that fears regarding a government shutdown are currently muted, with investors not overly concerned [1] - Historically, during the 20 past shutdowns, the S&P 500 has remained flat and increased 50% of the time, suggesting that short-term volatility should not prompt drastic portfolio changes [1][2] - The upcoming earnings season, starting in two weeks, is expected to be a significant market driver [1] Economic Impact - Concerns about stagflation are present, with Moody's indicating that each week of shutdown could impact quarterly GDP by approximately 0.1% [2] - Despite the shutdown, the Atlanta GDP estimate for the quarter remains around 3.9%, indicating that the shutdown may not drastically alter economic conditions [2] - The shutdown adds to economic uncertainty in the short term, complicating the overall outlook due to less available data [2] Sector Focus - The primary theme for the firm's bullish market outlook is centered on AI and technology, which are expected to continue strong profit growth despite the government shutdown [3] - The technology sector has seen a 30% increase over the past year, which is not indicative of a bubble, as true bubbles typically exhibit closer to 100% year-over-year growth [3] Growth Stocks - A list of the 12 best growth stocks to buy now has been compiled, focusing on those popular among elite hedge funds and analysts [4][6] - The methodology involved using the Finviz stock screener to identify top growth stocks, ranked by the number of hedge fund holders as of Q2 2025 [6][7] Company Highlights - **Infosys Limited (NYSE:INFY)**: Collaborating with Telenor Shared Services to modernize HR operations through Oracle Fusion Cloud HCM, enhancing employee productivity and experience [9][10][11] - **LiveRamp Holdings Inc. (NYSE:RAMP)**: Launched new AI capabilities, including agentic tools and segmentation, to improve customer outcomes and enable secure data collaboration [12][13][14]

Core Thesis - LiveRamp Holdings, Inc. is positioned for significant growth in the marketing technology ecosystem, driven by its unique data collaboration platform and strong subscription revenue model [1][5]. Company Overview - LiveRamp Holdings, Inc. is a leading data collaboration technology company that connects marketers, media owners, and data providers, facilitating performance measurement across customer journeys [2]. - The company serves a global customer base, including 840 direct clients and thousands indirectly through partners, emphasizing its neutrality and interoperability [2]. Industry Challenges and Solutions - LiveRamp addresses industry challenges such as fragmented identity, marketing inefficiency, and privacy regulations by offering secure, privacy-centric solutions [3]. - Its platform capabilities include deterministic identity resolution, simplified access to third-party data, secure onboarding, and advanced analytics, enabling meaningful measurement and optimization [3]. Growth Strategy - The company's growth strategy leverages network effects, expanding its customer base and strengthening partnerships with Customer Data Platforms (CDPs), cloud providers, and global integrators [4]. - Key initiatives include Cross-Media Intelligence for unified campaign reporting, Commerce Media Networks for monetizing first-party data, and Connected TV solutions for accurate audience targeting [4]. Financial Performance - Subscription revenue constitutes 76% of total revenue, providing strong recurring cash flows and a compelling risk/reward profile for investors [5]. - LiveRamp's patented identity technology and global scale position it well to capture growth opportunities in personalized marketing and omnichannel measurement [5].

Core Insights - The article discusses the investment strategy focused on small, high-growth potential stocks, particularly highlighting LiveRamp Holdings, Inc. (NYSE: RAMP) as a data broker in the advertising industry [2]. Group 1: Investment Strategy - The investment approach emphasizes identifying companies with defensible competitive advantages and business models capable of generating significant operational leverage [1]. - The service offers real-time buy and sell signals, along with a community for active trading discussions [1]. - The portfolio management includes a buy and hold strategy with tranche purchases of stocks of interest [2]. Group 2: Company Overview - LiveRamp Holdings, Inc. has faced challenges in its stock performance over the past couple of years [2]. - The company operates as a data broker specifically catering to the advertising industry, indicating its role in facilitating data-driven marketing strategies [2]. Group 3: Analyst Background - The analyst behind the article has over 30 years of experience in financial markets and aims to find small companies with multi-bagger potential while managing risks through a diversified portfolio [2].

Core Insights - The article discusses the investment strategy focused on small, high-growth potential stocks, particularly highlighting LiveRamp Holdings, Inc. (NYSE: RAMP) as a data broker in the advertising industry [2]. Group 1: Investment Strategy - The investment approach emphasizes identifying companies with a defensible competitive advantage and business models capable of generating significant operational leverage [1]. - The service offers real-time buy and sell signals, along with a portfolio and watchlist of promising stocks [1][2]. - The strategy includes a buy and hold approach with tranche purchases of stocks of interest, aiming to mitigate risks through a diversified portfolio [2]. Group 2: Company Overview - LiveRamp Holdings, Inc. has faced challenges in the stock market over the past couple of years, indicating a less favorable environment for the stock [2]. - The company operates as a data broker specifically catering to the advertising industry, which positions it within a niche market [2].

Financial Data and Key Metrics Changes - The meeting confirmed a quorum with 59,497,175 shares present, representing 80.22% of the shares outstanding on the record date [4]. Business Line Data and Key Metrics Changes - No specific business line data or key metrics were discussed during the meeting. Market Data and Key Metrics Changes - No specific market data or key metrics were discussed during the meeting. Company Strategy and Development Direction and Industry Competition - The company proposed to increase the number of shares available for issuance under the equity compensation plan, which received over 75% affirmative votes [12]. - The nonbinding resolution to approve the compensation of named executive officers received over 97% affirmative votes, indicating strong shareholder support for management [14]. - The ratification of KPMG as the company's auditor for fiscal year 2026 received over 98% affirmative votes, reflecting confidence in the company's financial oversight [16]. Management's Comments on Operating Environment and Future Outlook - No specific comments from management regarding the operating environment or future outlook were provided during the meeting. Other Important Information - The meeting concluded with no questions submitted by shareholders, indicating a lack of immediate concerns or inquiries from the audience [21]. Q&A Session All Questions and Answers Question: Were there any questions submitted during the meeting? - No questions were submitted [21].

Core Insights - LiveRamp (RAMP) reported quarterly earnings of $0.44 per share, exceeding the Zacks Consensus Estimate of $0.43 per share, and up from $0.35 per share a year ago, representing an earnings surprise of +2.33% [1] - The company achieved revenues of $194.82 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.93% and increasing from $175.96 million year-over-year [2] - LiveRamp has outperformed consensus EPS estimates three times over the last four quarters and has topped consensus revenue estimates four times in the same period [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.59 on revenues of $198.98 million, and for the current fiscal year, it is $2.26 on revenues of $802.27 million [7] - The company's earnings outlook is crucial for investors, as it reflects current consensus expectations and any recent changes [4] Market Performance - LiveRamp shares have increased approximately 5.5% since the beginning of the year, while the S&P 500 has gained 7.1% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating expectations of underperformance in the near future due to unfavorable estimate revisions prior to the earnings release [6] Industry Context - The Technology Services industry, to which LiveRamp belongs, is currently ranked in the top 41% of over 250 Zacks industries, suggesting that companies in the top half tend to outperform those in the bottom half by more than 2 to 1 [8]