LiveRamp Holdings, Inc. $RAMP Shares Purchased by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board has increased its stake in LiveRamp Holdings, Inc. by 28.3%, now holding approximately 0.32% of the company's shares worth $5.45 million.
• LiveRamp's quarterly earnings report showed an EPS of $0.44, surpassing analysts' estimates, and a 10.7% year-over-year revenue growth of $194.82 million.
• Wall Street analysts have a generally positive outlook on LiveRamp, with the stock currently rated as a "Moderate Buy" and an average price target of $40.83.

Public Sector Pension Investment Board lifted its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 28.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 208,548 shares of the company's stock after purchasing an additional 45,993 shares during the period. Public Sector Pension Investment Board owned approximately 0.32% of LiveRamp worth $5,451,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of RAMP. Quarry LP boosted its holdings in shares of LiveRamp by 344.4% in the 4th quarter. Quarry LP now owns 1,462 shares of the company's stock valued at $44,000 after buying an additional 1,133 shares in the last quarter. Blue Trust Inc. boosted its stake in LiveRamp by 63.0% during the 1st 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. Russell Investments Group Ltd. boosted its stake in LiveRamp by 97.0% during the 4th quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company's stock worth $121,000 after purchasing an additional 1,963 shares during the period. Raymond James Financial Inc. acquired a new stake in LiveRamp during the 4th quarter worth $206,000. Finally, Summit Investment Advisors Inc. boosted its stake in LiveRamp by 7.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,906 shares of the company's stock worth $210,000 after purchasing an additional 462 shares during the period. Institutional investors and hedge funds own 93.83% of the company's stock.

LiveRamp Stock Performance

RAMP stock traded up $0.1350 during trading on Thursday, reaching $26.7950. 236,950 shares of the company were exchanged, compared to its average volume of 572,152. The company has a market cap of $1.76 billion, a P/E ratio of 121.75 and a beta of 1.00. LiveRamp Holdings, Inc. has a 52-week low of $22.82 and a 52-week high of $36.08. The stock's 50 day moving average price is $31.35 and its 200 day moving average price is $29.80.

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wells Fargo & Company increased their price target 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. Zacks Research cut shares of LiveRamp from a "hold" rating to a "strong sell" rating in a research note on Tuesday. Morgan Stanley reduced their target price on shares of LiveRamp from $34.00 to $30.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 12th. Benchmark restated a "buy" rating and issued a $51.00 target price (up previously from $48.00) on shares of LiveRamp in a research note on Tuesday, August 5th. Finally, DA Davidson started coverage on shares of LiveRamp in a research note on Wednesday, July 9th. They issued a "buy" rating and a $45.00 target price for the company. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $40.83.

Insider Transactions at LiveRamp

In other LiveRamp news, Director Timothy R. Cadogan sold 2,500 shares of LiveRamp stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $34.00, for a total transaction of $85,000.00. Following the completion of the transaction, the director owned 55,470 shares in the company, valued at approximately $1,885,980. The trade was a 4.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Mohsin Hussain sold 17,529 shares of LiveRamp stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $33.00, for a total transaction of $578,457.00. Following the transaction, the chief technology officer owned 79,616 shares of the company's stock, valued at approximately $2,627,328. The trade was a 18.04% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.31% of the company's stock.

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.