US Bancorp DE Raises Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

US Bancorp DE grew its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 872.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,244 shares of the company’s stock after purchasing an additional 7,396 shares during the quarter. US Bancorp DE’s holdings in LiveRamp were worth $250,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of LiveRamp during the third quarter worth about $1,187,000. Royce & Associates LP boosted its stake in shares of LiveRamp by 75.6% during the third quarter. Royce & Associates LP now owns 317,910 shares of the company’s stock worth $7,878,000 after buying an additional 136,900 shares during the period. HighTower Advisors LLC acquired a new stake in shares of LiveRamp during the third quarter worth about $439,000. American Capital Management Inc. boosted its stake in shares of LiveRamp by 46.7% during the third quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock worth $71,312,000 after buying an additional 916,578 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of LiveRamp by 55.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 355,131 shares of the company’s stock worth $8,800,000 after buying an additional 126,527 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Stock Up 3.1 %

Shares of NYSE:RAMP opened at $26.35 on Friday. The company has a market cap of $1.73 billion, a P/E ratio of 2,635.30 and a beta of 0.96. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $38.00. The company has a 50-day moving average price of $31.49 and a 200 day moving average price of $28.82.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. Analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Insider Activity

In other news, CTO Mohsin Hussain sold 3,554 shares of LiveRamp stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $33.67, for a total transaction of $119,663.18. Following the completion of the sale, the chief technology officer now directly owns 57,594 shares in the company, valued at approximately $1,939,189.98. This trade represents a 5.81 % 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, CRO Vihan Sharma sold 39,845 shares of LiveRamp stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the sale, the executive now owns 110,902 shares of the company’s stock, valued at approximately $3,943,675.12. The trade was a 26.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Benchmark reiterated a “buy” rating and set a $45.00 target price on shares of LiveRamp in a research note on Wednesday, February 26th. StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. Evercore ISI increased their target price on shares of LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley increased their target price on shares of LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.83.

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.