State of New Jersey Common Pension Fund D Boosts Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Posted by MarketBeat News on Aug 3rd, 2022

State of New Jersey Common Pension Fund D raised its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP – Get Rating) by 18.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,386 shares of the company’s stock after buying an additional 10,081 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.09% of LiveRamp worth $2,370,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State of Michigan Retirement System grew its position in LiveRamp by 1.8% during the fourth quarter. State of Michigan Retirement System now owns 17,282 shares of the company’s stock worth $829,000 after buying an additional 300 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of LiveRamp by 1.7% in the 1st quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the company’s stock worth $642,000 after purchasing an additional 300 shares in the last quarter. FourThought Financial LLC boosted its holdings in shares of LiveRamp by 14.9% in the 1st quarter. FourThought Financial LLC now owns 2,577 shares of the company’s stock worth $96,000 after purchasing an additional 334 shares in the last quarter. Clarius Group LLC boosted its holdings in shares of LiveRamp by 1.5% in the 4th quarter. Clarius Group LLC now owns 63,097 shares of the company’s stock worth $3,026,000 after purchasing an additional 940 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in shares of LiveRamp by 1.7% in the 4th quarter. Mutual of America Capital Management LLC now owns 60,904 shares of the company’s stock worth $2,920,000 after purchasing an additional 1,031 shares in the last quarter. 92.18% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on RAMP shares. Susquehanna cut their price objective on LiveRamp from $90.00 to $50.00 in a report on Wednesday, May 25th. Morgan Stanley cut their price objective on LiveRamp from $41.00 to $38.00 and set an “overweight” rating for the company in a report on Thursday, July 14th. Stephens cut their price objective on LiveRamp from $67.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, May 25th. Craig Hallum dropped their target price on LiveRamp from $60.00 to $30.00 in a report on Wednesday, May 25th. Finally, Susquehanna Bancshares dropped their target price on LiveRamp from $90.00 to $50.00 and set a “positive” rating for the company in a report on Wednesday, May 25th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $57.11.

LiveRamp Price Performance

RAMP opened at $27.11 on Wednesday. The business has a 50 day simple moving average of $26.93 and a two-hundred day simple moving average of $33.56. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of -53.16 and a beta of 1.16. LiveRamp Holdings, Inc. has a one year low of $22.32 and a one year high of $58.74.

LiveRamp (NYSE:RAMP – Get Rating) last released its quarterly earnings results on Tuesday, May 24th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The business had revenue of $142.00 million for the quarter, compared to the consensus estimate of $139.34 million. LiveRamp had a negative net margin of 6.93% and a negative return on equity of 1.93%. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.49) EPS. As a group, sell-side analysts expect that LiveRamp Holdings, Inc. will post 0.16 EPS for the current fiscal year.

LiveRamp Profile

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LiveRamp Holdings, Inc, a technology company, provides enterprise data connectivity platform solutions in the United States, Europe, and the Asia-Pacific. The company offers RampID, a true people-based identifier; Safe Haven, an enterprise data enablement platform; LiveRamp Data Marketplace, a solution that seamlessly connects data owners' audience data across the marketing ecosystem; and AbiliTec, an offline identity resolution platform.