LiveRamp Holdings, Inc. $RAMP Shares Acquired by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS increased its ownership of LiveRamp Holdings, Inc. by 82.9% in the second quarter, now holding 23,600 shares worth approximately $780,000.
• LiveRamp reported a quarterly earnings per share (EPS) of $0.44, surpassing analysts' expectations of $0.43, with revenue of $194.82 million, a 10.7% increase year-over-year.
• Most analysts have a consensus rating of Hold on LiveRamp shares, with a price target averaging $40.83, despite various upgrades and downgrades from different research firms.

KLP Kapitalforvaltning AS increased its stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 82.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,600 shares of the company's stock after purchasing an additional 10,700 shares during the quarter. KLP Kapitalforvaltning AS's holdings in LiveRamp were worth $780,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of RAMP. Strs Ohio acquired a new stake in LiveRamp in the first quarter worth about $31,000. State of Wyoming acquired a new stake in LiveRamp in the first quarter worth about $49,000. Blue Trust Inc. lifted its holdings in LiveRamp by 63.0% in the first quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock worth $67,000 after purchasing an additional 989 shares during the period. Jump Financial LLC acquired a new stake in LiveRamp in the first quarter worth about $209,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in LiveRamp in the 1st quarter valued at about $212,000. Institutional investors and hedge funds own 93.83% of the company's stock.

LiveRamp Trading Down 0.4%

RAMP stock opened at $27.23 on Friday. LiveRamp Holdings, Inc. has a one year low of $22.82 and a one year high of $36.08. The firm has a market capitalization of $1.79 billion, a PE ratio of 123.78 and a beta of 0.90. The firm has a 50-day moving average of $27.23 and a two-hundred day moving average of $29.07.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. LiveRamp had a net margin of 1.89% and a return on equity of 2.21%. The company had revenue of $194.82 million during the quarter, compared to analyst estimates of $191.22 million. During the same period in the prior year, the firm earned $0.35 earnings per share. The business's quarterly revenue was up 10.7% on a year-over-year basis. On average, equities research analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on RAMP shares. Benchmark reissued a "buy" rating and issued a $51.00 price target (up from $48.00) on shares of LiveRamp in a report on Tuesday, August 5th. DA Davidson started coverage on shares of LiveRamp in a report on Wednesday, July 9th. They issued a "buy" rating and a $45.00 price target for the company. Zacks Research raised shares of LiveRamp from a "strong sell" rating to a "hold" rating in a report on Friday, October 10th. Weiss Ratings reissued a "hold (c-)" rating on shares of LiveRamp in a report on Wednesday, October 8th. Finally, Morgan Stanley cut their price target on shares of LiveRamp from $34.00 to $30.00 and set an "equal weight" rating for the company in a report on Tuesday, August 12th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $40.83.

Insider Buying and Selling

In other news, CTO Mohsin Hussain sold 12,734 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $27.94, for a total value of $355,787.96. Following the completion of the sale, the chief technology officer directly owned 63,409 shares of the company's stock, valued at $1,771,647.46. This represents a 16.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.31% of the company's stock.

LiveRamp Profile

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.

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