Mutual of America Capital Management LLC Trims Stock Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Mutual of America Capital Management LLC trimmed its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 7.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,019 shares of the company’s stock after selling 860 shares during the quarter. Mutual of America Capital Management LLC’s holdings in LiveRamp were worth $248,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EVR Research LP bought a new position in shares of LiveRamp during the 2nd quarter valued at approximately $5,879,000. Assenagon Asset Management S.A. boosted its position in shares of LiveRamp by 32.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 264,470 shares of the company’s stock valued at $8,183,000 after acquiring an additional 64,155 shares during the last quarter. Royce & Associates LP boosted its position in shares of LiveRamp by 75.6% during the 3rd quarter. Royce & Associates LP now owns 317,910 shares of the company’s stock valued at $7,878,000 after acquiring an additional 136,900 shares during the last quarter. Boston Partners boosted its position in shares of LiveRamp by 182.3% during the 1st quarter. Boston Partners now owns 851,397 shares of the company’s stock valued at $29,226,000 after acquiring an additional 549,846 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in LiveRamp by 353.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 66,911 shares of the company’s stock worth $1,658,000 after buying an additional 52,166 shares during the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Activity at LiveRamp

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

LiveRamp Stock Down 0.3 %

LiveRamp stock opened at $30.44 on Friday. The company’s 50 day moving average is $26.11 and its two-hundred day moving average is $27.96. The firm has a market cap of $1.99 billion, a PE ratio of 608.80 and a beta of 0.96. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $42.66.

LiveRamp (NYSE:RAMP) last released its earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.14. The firm had revenue of $185.00 million for the quarter, compared to analyst estimates of $176.16 million. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. On average, equities research analysts anticipate that LiveRamp Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

LiveRamp 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.