Thrivent Financial for Lutherans Sells 204,993 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Thrivent Financial for Lutherans lessened its stake in LiveRamp Holdings, Inc. (NYSE:RAMP – Get Rating) by 75.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,188 shares of the company’s stock after selling 204,993 shares during the quarter. Thrivent Financial for Lutherans owned about 0.10% of LiveRamp worth $1,598,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RAMP. Advisor Group Holdings Inc. increased its holdings in shares of LiveRamp by 14.3% in the first quarter. Advisor Group Holdings Inc. now owns 3,029 shares of the company’s stock worth $113,000 after acquiring an additional 378 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of LiveRamp by 348.0% during the first quarter. PNC Financial Services Group Inc. now owns 10,742 shares of the company’s stock worth $402,000 after buying an additional 8,344 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of LiveRamp by 40.9% during the first quarter. MetLife Investment Management LLC now owns 78,228 shares of the company’s stock worth $2,925,000 after buying an additional 22,726 shares in the last quarter. Panagora Asset Management Inc. acquired a new position in LiveRamp during the first quarter valued at approximately $838,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in LiveRamp by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,955 shares of the company’s stock valued at $933,000 after purchasing an additional 2,379 shares during the last quarter. Institutional investors own 93.19% of the company’s stock.

Wall Street Analysts Forecast Growth

RAMP has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on LiveRamp in a research report on Thursday. They issued a “buy” rating for the company. Susquehanna boosted their price objective on LiveRamp from $30.00 to $35.00 and gave the company a “positive” rating in a research note on Wednesday, February 8th. Stephens boosted their target price on LiveRamp from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, February 8th. Craig Hallum boosted their price objective on LiveRamp from $25.00 to $34.00 in a report on Wednesday, February 8th. Finally, Morgan Stanley boosted their price objective on LiveRamp from $29.00 to $34.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 8th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, LiveRamp currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.17.

LiveRamp Trading Up 0.6 %

LiveRamp stock opened at $26.52 on Friday. LiveRamp Holdings, Inc. has a 12 month low of $15.37 and a 12 month high of $30.74. The business’s 50 day simple moving average is $23.35 and its 200 day simple moving average is $23.37. The company has a market cap of $1.72 billion, a price-to-earnings ratio of -15.24 and a beta of 1.10.

LiveRamp Profile

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LiveRamp Holdings, Inc operates as a global technology company. It is engaged in providing identity platform leveraged by brands and partners to deliver innovative products and exceptional experiences. The firm’s identifyLink connects people, data and devices across the digital and physical world, powering the people-based marketing revolution and allowing consumers to safely connect with brands and products.