New York State Common Retirement Fund Cuts Stock Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

New York State Common Retirement Fund lessened its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 13.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,288 shares of the company’s stock after selling 9,588 shares during the period. New York State Common Retirement Fund’s holdings in LiveRamp were worth $2,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RAMP. Pacer Advisors Inc. grew 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 acquiring an additional 737 shares during the last quarter. NJ State Employees Deferred Compensation Plan purchased a new stake in shares of LiveRamp during the third quarter worth about $202,000. Jump Financial LLC purchased a new stake in shares of LiveRamp during the third quarter worth about $243,000. Cornerstone Investment Partners LLC purchased a new stake in shares of LiveRamp during the fourth quarter worth about $254,000. Finally, Victory Capital Management Inc. boosted its position in LiveRamp by 12.4% in the third quarter. Victory Capital Management Inc. now owns 12,086 shares of the company’s stock valued at $349,000 after buying an additional 1,329 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Trading Up 1.3 %

Shares of NYSE:RAMP opened at $33.22 on Wednesday. LiveRamp Holdings, Inc. has a 12-month low of $23.15 and a 12-month high of $42.66. The company has a market capitalization of $2.18 billion, a PE ratio of -151.00 and a beta of 1.00. The business has a 50 day moving average of $33.64 and a two-hundred day moving average of $34.82.

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

Analyst Upgrades and Downgrades

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

Insider Transactions at LiveRamp

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 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 of the company’s stock, valued at approximately $1,887,592. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.93% of the company’s stock.

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.