Principal Financial Group Inc. Increases Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Principal Financial Group Inc. increased its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 2.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 380,060 shares of the company’s stock after buying an additional 10,624 shares during the quarter. Principal Financial Group Inc. owned about 0.58% of LiveRamp worth $9,935,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Quarry LP boosted its holdings in LiveRamp by 344.4% in the fourth quarter. Quarry LP now owns 1,462 shares of the company’s stock valued at $44,000 after purchasing an additional 1,133 shares during the last quarter. Blue Trust Inc. boosted its holdings in LiveRamp by 63.0% in the first quarter. Blue Trust Inc. now owns 2,558 shares of the company’s stock valued at $67,000 after purchasing an additional 989 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in LiveRamp by 97.0% in the fourth quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company’s stock valued at $121,000 after purchasing an additional 1,963 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in LiveRamp by 67.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,637 shares of the company’s stock valued at $202,000 after purchasing an additional 2,665 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in LiveRamp in the fourth quarter valued at $206,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of LiveRamp from $26.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 22nd. Morgan Stanley upped their price objective on shares of LiveRamp from $28.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Friday, May 23rd. Wall Street Zen upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 22nd. Evercore ISI reiterated an “underperform” rating on shares of LiveRamp in a research report on Wednesday, April 16th. Finally, Benchmark reiterated a “buy” rating and issued a $48.00 price objective (up previously from $45.00) on shares of LiveRamp in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, LiveRamp presently has a consensus rating of “Moderate Buy” and an average target price of $41.29.

LiveRamp Stock Up 1.4%

RAMP opened at $32.60 on Tuesday. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $36.08. The company has a 50-day moving average price of $31.44 and a 200 day moving average price of $30.00. The company has a market cap of $2.12 billion, a PE ratio of -3,259.50 and a beta of 1.01.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Wednesday, May 21st. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). LiveRamp had a positive return on equity of 1.33% and a negative net margin of 0.11%. The company had revenue of $188.72 million for the quarter, compared to analyst estimates of $185.41 million. During the same quarter last year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, sell-side analysts expect that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Insider Transactions at LiveRamp

In other LiveRamp news, CTO Mohsin Hussain sold 17,529 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total value of $578,457.00. Following the completion of the sale, the chief technology officer owned 79,616 shares in the company, valued at approximately $2,627,328. This represents a 18.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy R. Cadogan sold 2,500 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $34.00, for a total transaction of $85,000.00. Following the completion of the sale, the director owned 55,470 shares of the company’s stock, valued at approximately $1,885,980. The trade was a 4.31% decrease in their position. The disclosure for this sale can be found here. 3.31% of the stock is currently owned by corporate insiders.

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.