California State Teachers Retirement System Cuts Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

California State Teachers Retirement System lowered its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,246 shares of the company’s stock after selling 1,107 shares during the quarter. California State Teachers Retirement System owned 0.09% of LiveRamp worth $1,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of RAMP. First Horizon Advisors Inc. bought a new stake in LiveRamp in the 4th quarter worth about $38,000. Quarry LP boosted its holdings in shares of LiveRamp by 344.4% during the 4th quarter. Quarry LP now owns 1,462 shares of the company’s stock valued at $44,000 after acquiring an additional 1,133 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of LiveRamp by 477.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock worth $49,000 after acquiring an additional 1,332 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of LiveRamp by 101.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock worth $62,000 after acquiring an additional 1,027 shares during the period. Finally, KBC Group NV raised its holdings in shares of LiveRamp by 57.0% during the fourth quarter. KBC Group NV now owns 3,457 shares of the company’s stock valued at $105,000 after purchasing an additional 1,255 shares during the last quarter. 93.83% of the stock is owned by institutional investors.

LiveRamp Price Performance

Shares of RAMP stock opened at $33.36 on Friday. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 3,336.20 and a beta of 1.01. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $36.08. The firm has a fifty day moving average price of $27.94 and a 200-day moving average price of $29.77.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Wednesday, May 21st. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. The company had revenue of $188.72 million for the quarter, compared to the consensus estimate of $185.41 million. During the same period in the prior year, the firm posted $0.25 EPS. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Insider Transactions at LiveRamp

In other news, CTO Mohsin Hussain sold 17,529 shares of the company’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $33.00, for a total value of $578,457.00. Following the completion of the transaction, the chief technology officer now owns 79,616 shares of the company’s stock, valued at $2,627,328. This represents a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.39% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on RAMP. Wall Street Zen upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 22nd. Benchmark restated a “buy” rating and issued a $48.00 price target (up from $45.00) on shares of LiveRamp in a research note on Thursday, May 22nd. Morgan Stanley upped their price objective on LiveRamp from $28.00 to $34.00 and gave the company an “equal weight” rating in a research report on Friday, May 23rd. Wells Fargo & Company increased their target price on LiveRamp from $26.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, May 22nd. Finally, Evercore ISI restated an “underperform” rating on shares of LiveRamp in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.67.

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.