Elo Mutual Pension Insurance Co Increases Holdings in LiveRamp Holdings, Inc. $RAMP

Elo Mutual Pension Insurance Co lifted its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 271.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,200 shares of the company’s stock after purchasing an additional 49,123 shares during the period. Elo Mutual Pension Insurance Co owned about 0.11% of LiveRamp worth $1,824,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new stake in LiveRamp during the second quarter worth about $31,000. Strs Ohio purchased a new stake in shares of LiveRamp during the 1st quarter worth approximately $31,000. Parkside Financial Bank & Trust increased its stake in shares of LiveRamp by 18.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 3,080 shares of the company’s stock worth $84,000 after purchasing an additional 487 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of LiveRamp by 14.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,602 shares of the company’s stock worth $179,000 after purchasing an additional 809 shares during the period. Finally, US Bancorp DE lifted its stake in LiveRamp by 8.8% in the third quarter. US Bancorp DE now owns 6,944 shares of the company’s stock valued at $188,000 after purchasing an additional 564 shares during the last quarter. Institutional investors own 93.83% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Benchmark decreased their target price on LiveRamp from $53.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of LiveRamp in a report on Monday, December 29th. Morgan Stanley upped their price objective on shares of LiveRamp from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, November 13th. DA Davidson cut their target price on shares of LiveRamp from $45.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Finally, Wells Fargo & Company boosted their price target on shares of LiveRamp from $34.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.40.

LiveRamp Stock Down 0.2%

RAMP stock opened at $28.69 on Thursday. The stock has a 50-day simple moving average of $26.06 and a two-hundred day simple moving average of $27.46. LiveRamp Holdings, Inc. has a twelve month low of $21.71 and a twelve month high of $35.20. The firm has a market capitalization of $1.81 billion, a PE ratio of 27.07 and a beta of 1.12.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The company had revenue of $212.20 million during the quarter, compared to analyst estimates of $211.68 million. LiveRamp had a net margin of 8.64% and a return on equity of 6.40%. LiveRamp’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $0.55 earnings per share. On average, equities research analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

LiveRamp announced that its Board of Directors has initiated a share buyback program on Thursday, February 12th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 13.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

LiveRamp Profile

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company’s core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp’s platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.