Louisiana State Employees Retirement System Purchases New Shares in LiveRamp Holdings, Inc. (NYSE:RAMP)

Louisiana State Employees Retirement System purchased a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 32,800 shares of the company’s stock, valued at approximately $1,242,000. Louisiana State Employees Retirement System owned about 0.05% of LiveRamp at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in LiveRamp by 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 8,139,409 shares of the company’s stock valued at $234,741,000 after buying an additional 296,586 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of LiveRamp by 0.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 724,495 shares of the company’s stock valued at $20,894,000 after purchasing an additional 6,577 shares during the last quarter. Northern Trust Corp increased its position in shares of LiveRamp by 2.5% during the 3rd quarter. Northern Trust Corp now owns 707,479 shares of the company’s stock valued at $20,404,000 after purchasing an additional 16,974 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of LiveRamp during the 3rd quarter valued at $12,742,000. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of LiveRamp by 78.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 270,055 shares of the company’s stock valued at $7,788,000 after purchasing an additional 118,819 shares during the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other LiveRamp news, Director Timothy R. Cadogan sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $37.00, for a total value of $55,500.00. Following the completion of the transaction, the director now owns 51,016 shares in the company, valued at approximately $1,887,592. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.93% of the stock is owned by corporate insiders.

LiveRamp Stock Performance

RAMP stock opened at $32.42 on Tuesday. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of -147.36 and a beta of 1.00. LiveRamp Holdings, Inc. has a fifty-two week low of $22.52 and a fifty-two week high of $42.66. The stock has a fifty day moving average of $34.50 and a 200-day moving average of $34.56.

LiveRamp (NYSE:RAMP) last issued its earnings results on Thursday, February 8th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.23 by $0.05. LiveRamp had a positive return on equity of 1.57% and a negative net margin of 2.22%. The business had revenue of $173.87 million during the quarter, compared to the consensus estimate of $174.00 million. Equities analysts predict that LiveRamp Holdings, Inc. will post 0.64 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Susquehanna raised their target price on LiveRamp from $45.00 to $50.00 and gave the company a “positive” rating in a research report on Friday, February 9th. Benchmark reaffirmed a “buy” rating and set a $51.00 target price on shares of LiveRamp in a research report on Monday, March 4th. Craig Hallum raised their target price on LiveRamp from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, StockNews.com upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 16th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $47.75.

LiveRamp Company 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.