New York State Teachers Retirement System Grows Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

New York State Teachers Retirement System raised its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 6.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 99,764 shares of the company’s stock after buying an additional 6,184 shares during the period. New York State Teachers Retirement System’s holdings in LiveRamp were worth $3,779,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RAMP. Advisors Asset Management Inc. increased its stake in shares of LiveRamp by 214.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,656 shares of the company’s stock valued at $62,000 after acquiring an additional 1,130 shares during the last quarter. Clear Street Markets LLC acquired a new position in shares of LiveRamp during the 4th quarter valued at about $39,000. Tower Research Capital LLC TRC increased its stake in shares of LiveRamp by 52.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,694 shares of the company’s stock valued at $48,000 after acquiring an additional 583 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of LiveRamp by 62.9% during the 4th quarter. Pacer Advisors Inc. now owns 1,908 shares of the company’s stock valued at $72,000 after acquiring an additional 737 shares during the last quarter. Finally, Advisor Group Holdings Inc. increased its stake in shares of LiveRamp by 14.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,029 shares of the company’s stock valued at $113,000 after acquiring an additional 378 shares during the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

LiveRamp Stock Performance

RAMP opened at $33.69 on Monday. The firm has a 50 day moving average price of $35.45 and a 200 day moving average price of $34.43. The company has a market cap of $2.21 billion, a PE ratio of -153.14 and a beta of 1.00. LiveRamp Holdings, Inc. has a 1 year low of $22.17 and a 1 year high of $42.66.

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

Insider Buying and Selling at LiveRamp

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Benchmark reaffirmed a “buy” rating and set a $51.00 price objective on shares of LiveRamp in a research note on Monday, March 4th. Craig Hallum upped their price objective on shares of LiveRamp from $42.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Susquehanna increased their target price on shares of LiveRamp from $45.00 to $50.00 and gave the stock a “positive” rating in a research report on Friday, February 9th. Finally, StockNews.com downgraded shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 8th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $47.75.

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.