LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Sold by Strs Ohio

Strs Ohio lessened its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 10.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,300 shares of the company’s stock after selling 3,200 shares during the quarter. Strs Ohio’s holdings in LiveRamp were worth $1,034,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of RAMP. Pacer Advisors Inc. raised its stake in shares of LiveRamp by 62.9% in the 4th quarter. Pacer Advisors Inc. now owns 1,908 shares of the company’s stock valued at $72,000 after purchasing an additional 737 shares in the last quarter. NJ State Employees Deferred Compensation Plan bought a new stake in shares of LiveRamp during the 3rd quarter valued at about $202,000. Jump Financial LLC bought a new stake in shares of LiveRamp during the 3rd quarter valued at about $243,000. Everence Capital Management Inc. bought a new stake in shares of LiveRamp during the 3rd quarter valued at about $302,000. Finally, Victory Capital Management Inc. grew its position in shares of LiveRamp by 12.4% during the 3rd quarter. Victory Capital Management Inc. now owns 12,086 shares of the company’s stock valued at $349,000 after buying an additional 1,329 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Insider Activity

In other news, Director Timothy R. Cadogan sold 1,500 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $37.00, for a total value of $55,500.00. Following the completion of the transaction, the director now directly owns 51,016 shares in the company, valued at $1,887,592. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on RAMP shares. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 16th. Benchmark reaffirmed a “buy” rating and set a $51.00 price objective on shares of LiveRamp in a research report on Monday, March 4th. Susquehanna upped their target price on shares of LiveRamp from $45.00 to $50.00 and gave the stock a “positive” rating in a research report on Friday, February 9th. Finally, Craig Hallum upped their target price on shares of LiveRamp from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $47.75.

LiveRamp Trading Up 2.3 %

NYSE RAMP opened at $33.18 on Wednesday. LiveRamp Holdings, Inc. has a 52 week low of $22.52 and a 52 week high of $42.66. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of -150.82 and a beta of 1.00. The company has a 50-day moving average price of $34.43 and a two-hundred day moving average price of $34.59.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.05. The business had revenue of $173.87 million during the quarter, compared to analysts’ expectations of $174.00 million. LiveRamp had a negative net margin of 2.22% and a positive return on equity of 1.57%. As a group, equities research analysts expect that LiveRamp Holdings, Inc. will post 0.64 earnings per share for the current fiscal year.

About LiveRamp

LiveRamp Holdings, Inc, a technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally. The company operates LiveRamp Data Collaboration platform enables an organization to unify customer and prospect data to build a single view of the customer in a way that protects consumer privacy.