MetLife Investment Management LLC Reduces Stock Holdings in LiveRamp Holdings, Inc. $RAMP

MetLife Investment Management LLC reduced its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 5.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 37,650 shares of the company’s stock after selling 2,197 shares during the quarter. MetLife Investment Management LLC’s holdings in LiveRamp were worth $984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in RAMP. Pacer Advisors Inc. lifted its stake in shares of LiveRamp by 9,007.8% in the 1st quarter. Pacer Advisors Inc. now owns 344,822 shares of the company’s stock valued at $9,014,000 after purchasing an additional 341,036 shares during the period. Vanguard Group Inc. lifted its stake in shares of LiveRamp by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 9,131,290 shares of the company’s stock valued at $238,692,000 after purchasing an additional 283,747 shares during the period. Nuveen LLC acquired a new position in shares of LiveRamp in the 1st quarter valued at $6,123,000. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of LiveRamp by 27.1% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 997,402 shares of the company’s stock valued at $26,072,000 after purchasing an additional 212,572 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in shares of LiveRamp by 10.3% in the 4th 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 period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on RAMP shares. 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. Morgan Stanley decreased 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 set a $51.00 price objective (up from $48.00) on shares of LiveRamp in a research report on Tuesday, August 5th. Wells Fargo & Company upped their price objective on shares of LiveRamp from $26.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 22nd. Finally, Wall Street Zen cut shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 30th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $40.83.

LiveRamp Stock Up 2.2%

Shares of NYSE RAMP opened at $28.38 on Friday. The firm has a 50-day simple moving average of $30.38 and a 200-day simple moving average of $29.24. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 128.99 and a beta of 0.92. LiveRamp Holdings, Inc. has a 52 week low of $22.82 and a 52 week high of $36.08.

LiveRamp (NYSE:RAMP) last issued its earnings results on Wednesday, August 6th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $194.82 million during the quarter, compared to analysts’ expectations of $191.22 million. LiveRamp had a net margin of 1.89% and a return on equity of 2.21%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 earnings per share. As a group, equities research analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Insider Activity at LiveRamp

In other news, Director Timothy R. Cadogan sold 2,500 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $34.00, for a total value of $85,000.00. Following the completion of the sale, the director directly owned 55,470 shares in the company, valued at $1,885,980. This represents a 4.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.31% of the stock is owned by company insiders.

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.