Mirae Asset Global Investments Co. Ltd. Boosts Stock Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 4.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 30,209 shares of the company’s stock after purchasing an additional 1,314 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in LiveRamp were worth $1,144,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RAMP. Fuller & Thaler Asset Management Inc. purchased a new stake in LiveRamp during the third quarter worth $12,742,000. Vanguard Group Inc. lifted its stake in shares of LiveRamp by 3.8% during the 3rd 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. Banque Pictet & Cie SA bought a new stake in LiveRamp during the third quarter valued at about $3,951,000. Qube Research & Technologies Ltd purchased a new position in LiveRamp in the third quarter valued at about $3,497,000. Finally, Jacobs Levy Equity Management Inc. raised its holdings in LiveRamp by 78.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 270,055 shares of the company’s stock worth $7,788,000 after purchasing an additional 118,819 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RAMP has been the topic of a number of analyst reports. Craig Hallum lifted their price objective on shares of LiveRamp from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. StockNews.com raised LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 16th. Benchmark reissued a “buy” rating and issued a $51.00 price objective on shares of LiveRamp in a research report on Monday, March 4th. Finally, Susquehanna raised their price target on LiveRamp from $45.00 to $50.00 and gave the stock a “positive” rating in a report on Friday, February 9th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, LiveRamp has a consensus rating of “Buy” and an average target price of $47.75.

LiveRamp Stock Up 1.1 %

Shares of NYSE:RAMP opened at $32.42 on Tuesday. LiveRamp Holdings, Inc. has a 52-week low of $22.52 and a 52-week high of $42.66. The business has a 50-day moving average price of $34.50 and a 200-day moving average price of $34.56. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of -147.36 and a beta of 1.00.

LiveRamp (NYSE:RAMP) last issued its earnings results on Thursday, February 8th. The company reported $0.28 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $173.87 million during the quarter, compared to analysts’ expectations of $174.00 million. As a group, equities analysts anticipate that LiveRamp Holdings, Inc. will post 0.64 EPS for the current fiscal year.

Insider Activity

In related news, Director Timothy R. Cadogan sold 1,500 shares of LiveRamp stock in a transaction that occurred 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 transaction, the director now directly owns 51,016 shares in the company, valued at $1,887,592. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.93% of the company’s stock.

LiveRamp 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.