Principal Financial Group Inc. Has $8.88 Million Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Principal Financial Group Inc. trimmed its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 0.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 358,505 shares of the company’s stock after selling 470 shares during the quarter. Principal Financial Group Inc. owned 0.54% of LiveRamp worth $8,884,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. DT Investment Partners LLC purchased a new stake in LiveRamp in the 2nd quarter valued at $27,000. Quarry LP raised its position in LiveRamp by 4,575.0% in the 2nd quarter. Quarry LP now owns 935 shares of the company’s stock valued at $29,000 after buying an additional 915 shares during the last quarter. Blue Trust Inc. raised its position in LiveRamp by 187.1% in the 2nd quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock valued at $33,000 after buying an additional 694 shares during the last quarter. Covestor Ltd raised its position in LiveRamp by 44.9% in the 1st quarter. Covestor Ltd now owns 2,131 shares of the company’s stock valued at $73,000 after buying an additional 660 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in LiveRamp in the 1st quarter valued at $87,000. 93.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on RAMP. Macquarie reissued an “outperform” rating and issued a $43.00 price target on shares of LiveRamp in a research report on Thursday, November 7th. Craig Hallum decreased their target price on LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Wells Fargo & Company began coverage on LiveRamp in a research report on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price for the company. Benchmark decreased their target price on LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Evercore ISI decreased their target price on LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.14.

LiveRamp Stock Performance

RAMP stock opened at $28.14 on Tuesday. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 562.80 and a beta of 0.96. LiveRamp Holdings, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $42.66. The stock has a fifty day moving average of $25.45 and a 200-day moving average of $28.05.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.14. The company had revenue of $185.00 million during the quarter, compared to the consensus estimate of $176.16 million. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 EPS. Equities analysts predict that LiveRamp Holdings, Inc. will post 0.37 EPS for the current year.

Insiders Place Their Bets

In other news, insider Kimberly Bloomston sold 4,000 shares of LiveRamp stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $25.17, for a total transaction of $100,680.00. Following the completion of the sale, the insider now owns 117,247 shares in the company, valued at approximately $2,951,106.99. This trade represents a 3.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Debora B. Tomlin sold 9,765 shares of LiveRamp stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $25.07, for a total value of $244,808.55. Following the sale, the director now owns 24,509 shares of the company’s stock, valued at approximately $614,440.63. This trade represents a 28.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,538 shares of company stock worth $495,471 in the last quarter. 3.39% of the stock is owned by company insiders.

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.