Texas Permanent School Fund reduced its stake in LiveRamp Holdings, Inc. (NYSE:RAMP – Get Rating) by 1.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,291 shares of the company's stock after selling 896 shares during the period. Texas Permanent School Fund owned 0.07% of LiveRamp worth $877,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in RAMP. Richelieu Gestion PLC lifted its position in shares of LiveRamp by 109.0% in the 3rd quarter. Richelieu Gestion PLC now owns 2,541 shares of the company's stock worth $46,000 after purchasing an additional 1,325 shares during the period. B. Riley Asset Management LLC purchased a new stake in shares of LiveRamp in the 2nd quarter worth approximately $52,000. Advisors Asset Management Inc. lifted its position in shares of LiveRamp by 214.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,656 shares of the company's stock worth $62,000 after purchasing an additional 1,130 shares during the period. Captrust Financial Advisors lifted its position in shares of LiveRamp by 95.6% in the 2nd quarter. Captrust Financial Advisors now owns 3,020 shares of the company's stock worth $78,000 after purchasing an additional 1,476 shares during the period. Finally, Advisor Group Holdings Inc. lifted its position in shares of LiveRamp by 14.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,029 shares of the company's stock worth $113,000 after purchasing an additional 378 shares during the period. 93.19% of the stock is currently owned by institutional investors.
Get LiveRamp alerts:Wall Street Analyst Weigh In
A number of research firms recently commented on RAMP. Craig Hallum decreased their target price on shares of LiveRamp from $30.00 to $25.00 in a research report on Wednesday, November 9th. Susquehanna decreased their target price on shares of LiveRamp from $45.00 to $30.00 in a research report on Wednesday, November 9th. Benchmark began coverage on shares of LiveRamp in a research report on Monday, September 19th. They set a "hold" rating for the company. Susquehanna Bancshares decreased their target price on shares of LiveRamp from $45.00 to $30.00 in a research report on Wednesday, November 9th. Finally, Morgan Stanley decreased their target price on shares of LiveRamp from $32.00 to $29.00 and set an "overweight" rating for the company in a research report on Wednesday, November 9th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, LiveRamp presently has an average rating of "Moderate Buy" and an average price target of $38.00.
LiveRamp Trading Down 0.8 %
NYSE RAMP opened at $24.16 on Friday. The stock has a market cap of $1.61 billion, a P/E ratio of -16.00 and a beta of 1.07. LiveRamp Holdings, Inc. has a 12-month low of $15.37 and a 12-month high of $46.30. The company has a fifty day simple moving average of $22.12 and a two-hundred day simple moving average of $21.01.LiveRamp (NYSE:RAMP – Get Rating) last released its quarterly earnings data on Tuesday, November 8th. The company reported ($0.18) earnings per share for the quarter, topping analysts' consensus estimates of ($0.30) by $0.12. The firm had revenue of $147.10 million for the quarter, compared to analyst estimates of $144.11 million. LiveRamp had a negative net margin of 17.92% and a negative return on equity of 4.83%. As a group, sell-side analysts forecast that LiveRamp Holdings, Inc. will post -0.46 earnings per share for the current year.
Insider Transactions at LiveRamp
In other news, CTO Mohsin Hussain sold 7,332 shares of the stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $22.12, for a total value of $162,183.84. Following the sale, the chief technology officer now owns 112,988 shares in the company, valued at $2,499,294.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.01% of the company's stock.
About LiveRamp
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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.
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