Mutual of America Capital Management LLC Trims Stock Position in LiveRamp Holdings, Inc. $RAMP

Mutual of America Capital Management LLC trimmed its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 11.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 8,448 shares of the company’s stock after selling 1,129 shares during the period. Mutual of America Capital Management LLC’s holdings in LiveRamp were worth $279,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in RAMP. Illinois Municipal Retirement Fund raised its holdings in shares of LiveRamp by 9.8% in the first quarter. Illinois Municipal Retirement Fund now owns 36,762 shares of the company’s stock valued at $961,000 after buying an additional 3,275 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of LiveRamp by 2.9% in the first quarter. Principal Financial Group Inc. now owns 380,060 shares of the company’s stock valued at $9,935,000 after buying an additional 10,624 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of LiveRamp by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 76,230 shares of the company’s stock valued at $1,993,000 after buying an additional 1,858 shares during the last quarter. CWM LLC raised its holdings in shares of LiveRamp by 248.4% in the first quarter. CWM LLC now owns 8,305 shares of the company’s stock valued at $217,000 after buying an additional 5,921 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of LiveRamp by 118.1% in the first quarter. Victory Capital Management Inc. now owns 62,474 shares of the company’s stock valued at $1,633,000 after buying an additional 33,834 shares during the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RAMP has been the subject of a number of research reports. DA Davidson initiated coverage on shares of LiveRamp in a report on Wednesday, July 9th. They issued a “buy” rating and a $45.00 target price for the company. Morgan Stanley dropped their price target on shares of LiveRamp from $34.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of LiveRamp in a research note on Wednesday, October 8th. Zacks Research upgraded shares of LiveRamp from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Finally, Wall Street Zen upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.83.

Insider Activity at LiveRamp

In other news, CTO Mohsin Hussain sold 12,734 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $27.94, for a total value of $355,787.96. Following the sale, the chief technology officer directly owned 63,409 shares in the company, valued at $1,771,647.46. This represents a 16.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.31% of the stock is owned by corporate insiders.

LiveRamp Trading Down 2.8%

Shares of RAMP opened at $27.11 on Thursday. The firm’s 50-day moving average is $27.52 and its two-hundred day moving average is $29.31. LiveRamp Holdings, Inc. has a twelve month low of $22.82 and a twelve month high of $36.08. The firm has a market capitalization of $1.78 billion, a P/E ratio of 123.22 and a beta of 0.90.

LiveRamp (NYSE:RAMP) last issued its earnings results on Wednesday, August 6th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $194.82 million for the quarter, compared to analyst estimates of $191.22 million. LiveRamp had a net margin of 1.89% and a return on equity of 2.21%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 earnings per share. Analysts predict that LiveRamp Holdings, Inc. will post 0.48 EPS 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.