Strs Ohio Sells 3,200 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Strs Ohio cut its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 10.5% in the fourth quarter, HoldingsChannel reports. The fund owned 27,300 shares of the company’s stock after selling 3,200 shares during the period. Strs Ohio’s holdings in LiveRamp were worth $1,034,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RAMP. State Board of Administration of Florida Retirement System raised its stake in shares of LiveRamp by 3.7% during the third quarter. State Board of Administration of Florida Retirement System now owns 18,789 shares of the company’s stock worth $542,000 after buying an additional 670 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of LiveRamp by 62.9% during the fourth quarter. Pacer Advisors Inc. now owns 1,908 shares of the company’s stock worth $72,000 after buying an additional 737 shares during the last quarter. Arizona State Retirement System raised its stake in shares of LiveRamp by 4.3% during the third quarter. Arizona State Retirement System now owns 18,965 shares of the company’s stock worth $547,000 after buying an additional 787 shares during the last quarter. Dark Forest Capital Management LP raised its stake in shares of LiveRamp by 3.4% during the third quarter. Dark Forest Capital Management LP now owns 32,076 shares of the company’s stock worth $925,000 after buying an additional 1,049 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of LiveRamp by 4.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,209 shares of the company’s stock worth $1,144,000 after buying an additional 1,314 shares during the last quarter. 93.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RAMP shares. Benchmark reissued a “buy” rating and set a $51.00 price target on shares of LiveRamp in a research note on Monday, March 4th. Susquehanna boosted their price target on shares of LiveRamp from $45.00 to $50.00 and gave the stock a “positive” rating in a research note on Friday, February 9th. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 16th. Finally, Craig Hallum upped their target price 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. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $47.75.

Insider Activity

In other news, Director Timothy R. Cadogan sold 1,500 shares of the company’s 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 transaction, the director now owns 51,016 shares in the company, valued at $1,887,592. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.93% of the company’s stock.

LiveRamp Stock Performance

Shares of NYSE:RAMP opened at $33.18 on Wednesday. LiveRamp Holdings, Inc. has a 52 week low of $22.52 and a 52 week high of $42.66. The company has a market capitalization of $2.17 billion, a PE ratio of -150.82 and a beta of 1.00. The company has a 50 day moving average price of $34.43 and a two-hundred day moving average price of $34.59.

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

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.