Arizona State Retirement System Cuts Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Arizona State Retirement System trimmed its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 2.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,509 shares of the company’s stock after selling 456 shares during the quarter. Arizona State Retirement System’s holdings in LiveRamp were worth $701,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in RAMP. BlackRock Inc. lifted its position in shares of LiveRamp by 0.8% during the 3rd quarter. BlackRock Inc. now owns 11,568,006 shares of the company’s stock worth $210,074,000 after purchasing an additional 92,629 shares during the last quarter. Vanguard Group Inc. lifted its stake in LiveRamp by 3.8% during the third quarter. Vanguard Group Inc. now owns 8,139,409 shares of the company’s stock worth $234,741,000 after purchasing an additional 296,586 shares during the last quarter. Capital International Investors boosted its holdings in LiveRamp by 8.7% in the first quarter. Capital International Investors now owns 3,065,422 shares of the company’s stock valued at $114,616,000 after purchasing an additional 244,405 shares in the last quarter. Lazard Asset Management LLC increased its stake in LiveRamp by 13.9% in the first quarter. Lazard Asset Management LLC now owns 2,883,554 shares of the company’s stock valued at $107,815,000 after purchasing an additional 351,876 shares during the last quarter. Finally, State Street Corp increased its stake in LiveRamp by 0.5% in the second quarter. State Street Corp now owns 2,448,383 shares of the company’s stock valued at $69,926,000 after purchasing an additional 12,183 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Wall Street Analysts Forecast Growth

RAMP has been the subject of several research analyst reports. Susquehanna upped their target price on shares of LiveRamp from $45.00 to $50.00 and gave the company a “positive” rating in a report on Friday, February 9th. Craig Hallum raised their price objective on LiveRamp from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. StockNews.com upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Benchmark reissued a “buy” rating and issued a $51.00 target price on shares of LiveRamp in a research report on Monday, March 4th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $47.75.

Insider Activity

In related news, Director Timothy R. Cadogan sold 1,500 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $37.00, for a total transaction of $55,500.00. Following the completion of the sale, the director now directly owns 51,016 shares of the company’s stock, valued at $1,887,592. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.93% of the company’s stock.

LiveRamp Stock Performance

Shares of LiveRamp stock opened at $32.18 on Friday. The company’s fifty day moving average is $34.74 and its two-hundred day moving average is $34.44. LiveRamp Holdings, Inc. has a 1 year low of $22.52 and a 1 year high of $42.66. The company has a market capitalization of $2.11 billion, a P/E ratio of -146.27 and a beta of 1.00.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. The firm had revenue of $173.87 million for the quarter, compared to analyst estimates of $174.00 million. LiveRamp had a positive return on equity of 1.57% and a negative net margin of 2.22%. As a group, equities analysts expect that LiveRamp Holdings, Inc. will post 0.64 earnings per share for the current year.

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.