Louisiana State Employees Retirement System Makes New $743,000 Investment in LiveRamp Holdings, Inc. $RAMP

Louisiana State Employees Retirement System acquired a new position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) during the first quarter, HoldingsChannel reports. The firm acquired 28,000 shares of the company’s stock, valued at approximately $743,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lido Advisors LLC raised its position in LiveRamp by 4.8% during the fourth quarter. Lido Advisors LLC now owns 9,418 shares of the company’s stock worth $261,000 after acquiring an additional 429 shares in the last quarter. Central Pacific Bank Trust Division grew its position in shares of LiveRamp by 4.8% in the 4th quarter. Central Pacific Bank Trust Division now owns 10,169 shares of the company’s stock valued at $299,000 after acquiring an additional 470 shares during the period. Engineers Gate Manager LP increased its stake in shares of LiveRamp by 0.5% during the 2nd quarter. Engineers Gate Manager LP now owns 113,424 shares of the company’s stock worth $3,748,000 after purchasing an additional 561 shares during the last quarter. US Bancorp DE increased its stake in shares of LiveRamp by 8.8% during the 3rd quarter. US Bancorp DE now owns 6,944 shares of the company’s stock worth $188,000 after purchasing an additional 564 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of LiveRamp by 63.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock valued at $44,000 after purchasing an additional 583 shares during the period. 93.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RAMP has been the subject of a number of research analyst reports. DA Davidson cut LiveRamp from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $35.00 to $38.50 in a report on Monday, May 18th. Weiss Ratings cut LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Craig Hallum downgraded LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 target price for the company. in a research note on Tuesday, May 19th. Evercore started coverage on LiveRamp in a report on Tuesday, March 24th. They set an “outperform” rating and a $37.00 target price on the stock. Finally, Morgan Stanley set a $38.50 price target on LiveRamp in a research note on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, LiveRamp has a consensus rating of “Hold” and a consensus target price of $40.21.

LiveRamp Trading Up 0.1%

RAMP stock traded up $0.05 during trading hours on Tuesday, hitting $37.59. 40,183 shares of the stock were exchanged, compared to its average volume of 1,151,234. LiveRamp Holdings, Inc. has a 12 month low of $21.71 and a 12 month high of $37.92. The firm has a market capitalization of $2.26 billion, a P/E ratio of 16.48 and a beta of 1.27. The company has a 50-day simple moving average of $35.34 and a two-hundred day simple moving average of $29.86.

LiveRamp (NYSE:RAMP) last announced its earnings results on Monday, May 18th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. LiveRamp had a net margin of 17.95% and a return on equity of 8.28%. The company had revenue of $206.09 million during the quarter, compared to analysts’ expectations of $205.49 million. During the same quarter in the previous year, the business posted $0.30 earnings per share. LiveRamp’s quarterly revenue was up 9.2% on a year-over-year basis. On average, equities research analysts predict that LiveRamp Holdings, Inc. will post 2.07 earnings per share for the current year.

LiveRamp 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.