Principal Financial Group Inc. grew its stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 2.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 380,060 shares of the company's stock after buying an additional 10,624 shares during the period. Principal Financial Group Inc. owned approximately 0.58% of LiveRamp worth $9,935,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in RAMP. Vanguard Group Inc. grew its holdings in LiveRamp by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 8,847,543 shares of the company's stock valued at $268,700,000 after purchasing an additional 118,179 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in LiveRamp by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,694,801 shares of the company's stock valued at $81,843,000 after purchasing an additional 121,856 shares during the last quarter. Janus Henderson Group PLC grew its holdings in LiveRamp by 10.3% during the fourth quarter. Janus Henderson Group PLC now owns 1,798,198 shares of the company's stock valued at $54,600,000 after purchasing an additional 168,418 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of LiveRamp by 3.7% in the fourth quarter. Franklin Resources Inc. now owns 1,582,917 shares of the company's stock worth $48,073,000 after acquiring an additional 56,667 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in shares of LiveRamp by 27.1% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 997,402 shares of the company's stock worth $26,072,000 after acquiring an additional 212,572 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently issued reports on RAMP. Wells Fargo & Company raised their price objective on shares of LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. Morgan Stanley raised their price objective on shares of LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. DA Davidson began coverage on shares of LiveRamp in a research note on Wednesday, July 9th. They issued a "buy" rating and a $45.00 price objective on the stock. Evercore ISI restated an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. Finally, Wall Street Zen upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.29.
View Our Latest Stock Report on LiveRamp
Insiders Place Their Bets
In other LiveRamp news, Director Timothy R. Cadogan sold 2,500 shares of LiveRamp stock in a transaction on Monday, July 7th. The shares were sold at an average price of $34.00, for a total transaction of $85,000.00. Following the sale, the director owned 55,470 shares in the company, valued at $1,885,980. The trade was a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Mohsin Hussain sold 17,529 shares of LiveRamp stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total value of $578,457.00. Following the transaction, the chief technology officer directly owned 79,616 shares of the company's stock, valued at approximately $2,627,328. The trade was a 18.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.31% of the stock is owned by insiders.
LiveRamp Stock Up 0.9%
RAMP traded up $0.29 during trading on Wednesday, reaching $32.65. 404,678 shares of the company's stock were exchanged, compared to its average volume of 609,032. LiveRamp Holdings, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $36.08. The business has a 50 day moving average price of $31.78 and a 200 day moving average price of $30.05. The company has a market capitalization of $2.12 billion, a P/E ratio of -3,265.20 and a beta of 1.01.
LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.01). LiveRamp had a positive return on equity of 1.33% and a negative net margin of 0.11%. The business had revenue of $188.72 million for the quarter, compared to analyst estimates of $185.41 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The firm's quarterly revenue was up 9.8% on a year-over-year basis. As a group, research analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.
About LiveRamp
(
Free Report)
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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