LiveRamp Holdings, Inc. (NYSE:RAMP) Stock Position Lowered by Public Sector Pension Investment Board

Public Sector Pension Investment Board trimmed its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 3.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 141,340 shares of the company’s stock after selling 4,300 shares during the period. Public Sector Pension Investment Board owned 0.22% of LiveRamp worth $3,502,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of LiveRamp in the second quarter worth approximately $13,214,000. Assenagon Asset Management S.A. increased its stake in LiveRamp by 111.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock valued at $13,857,000 after buying an additional 294,743 shares during the period. Millennium Management LLC lifted its position in LiveRamp by 143.8% in the 2nd quarter. Millennium Management LLC now owns 395,619 shares of the company’s stock worth $12,240,000 after buying an additional 233,329 shares in the last quarter. EVR Research LP acquired a new stake in shares of LiveRamp during the 2nd quarter valued at $5,879,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of LiveRamp by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,265,391 shares of the company’s stock valued at $70,090,000 after acquiring an additional 161,373 shares in the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Kimberly Bloomston sold 4,000 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $25.17, for a total transaction of $100,680.00. Following the completion of the transaction, the insider now directly owns 117,247 shares in the company, valued at $2,951,106.99. This represents a 3.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Debora B. Tomlin sold 9,765 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $25.07, for a total transaction of $244,808.55. Following the completion of the sale, the director now owns 24,509 shares in the company, valued at $614,440.63. This represents a 28.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is owned by insiders.

LiveRamp Stock Down 1.7 %

Shares of RAMP stock opened at $31.05 on Wednesday. LiveRamp Holdings, Inc. has a 12 month low of $21.45 and a 12 month high of $42.66. The company has a market cap of $2.03 billion, a PE ratio of 621.12 and a beta of 0.97. The business’s 50 day moving average is $26.40 and its two-hundred day moving average is $27.89.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.14. The business had revenue of $185.00 million for the quarter, compared to analyst estimates of $176.16 million. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. LiveRamp’s revenue was up 15.6% compared to the same quarter last year. During the same period last year, the business posted $0.21 EPS. As a group, equities analysts expect that LiveRamp Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RAMP has been the subject of several recent research reports. Macquarie reiterated an “outperform” rating and set a $43.00 price objective on shares of LiveRamp in a report on Thursday, November 7th. Benchmark reduced their price target on LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Wells Fargo & Company started coverage on LiveRamp in a report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price objective on the stock. Evercore ISI reduced their target price on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Craig Hallum decreased their target price on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.14.

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.