Louisiana State Employees Retirement System Acquires 500 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Louisiana State Employees Retirement System increased its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 1.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 33,300 shares of the company’s stock after acquiring an additional 500 shares during the period. Louisiana State Employees Retirement System’s holdings in LiveRamp were worth $1,030,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Illinois Municipal Retirement Fund lifted its position in shares of LiveRamp by 1.2% during the first quarter. Illinois Municipal Retirement Fund now owns 38,264 shares of the company’s stock worth $1,320,000 after purchasing an additional 461 shares during the last quarter. Covestor Ltd boosted its position in LiveRamp by 44.9% in the 1st quarter. Covestor Ltd now owns 2,131 shares of the company’s stock valued at $73,000 after buying an additional 660 shares during the period. Blue Trust Inc. grew its stake in LiveRamp by 187.1% in the 2nd quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock worth $33,000 after acquiring an additional 694 shares in the last quarter. ProShare Advisors LLC increased its position in shares of LiveRamp by 5.7% during the first quarter. ProShare Advisors LLC now owns 13,057 shares of the company’s stock worth $450,000 after acquiring an additional 708 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of LiveRamp during the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Insider Transactions at LiveRamp

In related news, insider Kimberly Bloomston sold 13,055 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $31.11, for a total transaction of $406,141.05. Following the transaction, the insider now directly owns 127,404 shares of the company’s stock, valued at approximately $3,963,538.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.39% of the company’s stock.

LiveRamp Stock Performance

Shares of LiveRamp stock opened at $25.15 on Wednesday. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $42.66. The company has a market capitalization of $1.69 billion, a PE ratio of 139.72 and a beta of 1.00. The company has a 50-day simple moving average of $28.71 and a two-hundred day simple moving average of $31.73.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. The firm had revenue of $175.96 million during the quarter, compared to analyst estimates of $171.92 million. LiveRamp had a net margin of 1.80% and a return on equity of 3.27%. LiveRamp’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 EPS. On average, equities analysts predict that LiveRamp Holdings, Inc. will post 0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RAMP has been the topic of several research analyst reports. Macquarie raised LiveRamp to a “strong-buy” rating in a research note on Thursday, August 8th. Craig Hallum decreased their price objective on LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Benchmark reiterated a “buy” rating and set a $56.00 target price on shares of LiveRamp in a report on Tuesday, August 6th. StockNews.com lowered shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 16th. Finally, Evercore ISI dropped their price objective on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, LiveRamp currently has a consensus rating of “Buy” and a consensus target price of $46.80.

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.