Arizona State Retirement System Has $573,000 Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Arizona State Retirement System increased its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 2.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,528 shares of the company’s stock after buying an additional 523 shares during the quarter. Arizona State Retirement System’s holdings in LiveRamp were worth $573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in RAMP. Victory Capital Management Inc. increased its stake in shares of LiveRamp by 13.9% in the fourth quarter. Victory Capital Management Inc. now owns 13,760 shares of the company’s stock valued at $521,000 after buying an additional 1,674 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of LiveRamp by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,238,534 shares of the company’s stock valued at $84,798,000 after buying an additional 21,705 shares during the period. Norges Bank acquired a new position in shares of LiveRamp in the fourth quarter valued at approximately $16,546,000. Quest Partners LLC acquired a new position in shares of LiveRamp in the fourth quarter valued at approximately $93,000. Finally, Millrace Asset Group Inc. acquired a new position in shares of LiveRamp in the fourth quarter valued at approximately $2,373,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Insider Buying and Selling

In related news, CTO Mohsin Hussain sold 5,773 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $25.98, for a total value of $149,982.54. Following the transaction, the chief technology officer now directly owns 73,614 shares in the company, valued at approximately $1,912,491.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.39% of the stock is owned by company insiders.

LiveRamp Stock Performance

LiveRamp stock opened at $25.94 on Tuesday. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 144.11 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. The stock’s 50 day moving average price is $27.19 and its two-hundred day moving average price is $30.64.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The firm had revenue of $175.96 million for the quarter, compared to analysts’ expectations of $171.92 million. LiveRamp had a return on equity of 2.14% and a net margin of 0.88%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 EPS. On average, equities research analysts forecast that LiveRamp Holdings, Inc. will post 0.37 EPS for the current year.

Wall Street Analysts Forecast Growth

RAMP has been the topic of several analyst reports. Morgan Stanley reduced their target price on LiveRamp from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, May 23rd. Evercore ISI reduced their target price on LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Craig Hallum reduced their target price on LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Macquarie upgraded LiveRamp to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Benchmark reiterated a “buy” rating and issued a $56.00 target price on shares of LiveRamp in a report on Tuesday, August 6th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $46.80.

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.