Legal & General Group Plc Acquires Shares of 147,283 LiveRamp Holdings, Inc. $RAMP

Legal & General Group Plc acquired a new position in LiveRamp Holdings, Inc. (NYSE:RAMP) in the 2nd quarter, Holdings Channel reports. The firm acquired 147,283 shares of the company’s stock, valued at approximately $5,544,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of LiveRamp during the second quarter valued at about $381,301,000. Fuller & Thaler Asset Management Inc. purchased a new stake in LiveRamp in the fourth quarter worth about $55,256,000. Assenagon Asset Management S.A. purchased a new stake in LiveRamp in the second quarter worth about $21,862,000. OMERS ADMINISTRATION Corp bought a new stake in LiveRamp during the 2nd quarter valued at approximately $20,209,000. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in LiveRamp by 37.0% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,960,674 shares of the company’s stock valued at $51,997,000 after acquiring an additional 529,485 shares in the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Weiss Ratings raised LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Morgan Stanley set a $38.50 price target on LiveRamp in a research note on Friday, May 22nd. Craig Hallum downgraded LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price objective for the company. in a report on Tuesday, May 19th. Finally, DA Davidson reissued a “neutral” rating on shares of LiveRamp in a research report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, LiveRamp presently has a consensus rating of “Hold” and an average target price of $40.21.

LiveRamp Stock Performance

Shares of NYSE RAMP opened at $37.76 on Friday. The company has a 50 day simple moving average of $37.76 and a two-hundred day simple moving average of $33.27. LiveRamp Holdings, Inc. has a fifty-two week low of $21.71 and a fifty-two week high of $38.23. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 15.48 and a beta of 1.25.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $213.99 million for the quarter, compared to analysts’ expectations of $211.45 million. LiveRamp had a return on equity of 9.77% and a net margin of 18.71%.The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 EPS. On average, analysts forecast that LiveRamp Holdings, Inc. will post 2.04 earnings per share for the current fiscal year.

LiveRamp Company Profile

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company’s core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp’s platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.