Russell Investments Group Ltd. Grows Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Russell Investments Group Ltd. increased its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 447,388 shares of the company’s stock after buying an additional 10,075 shares during the period. Russell Investments Group Ltd.’s holdings in LiveRamp were worth $16,948,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. raised its stake in shares of LiveRamp by 187.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 14,206 shares of the company’s stock valued at $410,000 after purchasing an additional 9,269 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in LiveRamp by 20.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,676 shares of the company’s stock valued at $394,000 after buying an additional 2,294 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in LiveRamp by 27.0% during the 3rd quarter. Mackenzie Financial Corp now owns 34,298 shares of the company’s stock worth $985,000 after buying an additional 7,285 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of LiveRamp by 147.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 40,644 shares of the company’s stock worth $1,172,000 after acquiring an additional 24,225 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC bought a new stake in shares of LiveRamp in the 3rd quarter valued at approximately $1,957,000. 93.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Timothy R. Cadogan sold 1,500 shares of the business’s 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 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 SEC, which is available through the SEC website. Insiders own 2.93% of the company’s stock.

LiveRamp Price Performance

Shares of LiveRamp stock opened at $32.56 on Friday. LiveRamp Holdings, Inc. has a 1-year low of $23.15 and a 1-year high of $42.66. The company has a market capitalization of $2.13 billion, a P/E ratio of -148.00 and a beta of 1.00. The business’s fifty day moving average price is $33.85 and its two-hundred day moving average price is $34.66.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The business had revenue of $173.87 million for 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, research analysts expect that LiveRamp Holdings, Inc. will post 0.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on RAMP. Benchmark reiterated 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 LiveRamp from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. StockNews.com upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 16th. Finally, Susquehanna upped their price target 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. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $47.75.

LiveRamp Company 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.