LiveRamp Holdings, Inc. (NYSE:RAMP) Stock Position Reduced by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 0.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 358,505 shares of the company’s stock after selling 470 shares during the quarter. Principal Financial Group Inc. owned approximately 0.55% of LiveRamp worth $8,884,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. 272 Capital LP purchased a new stake in shares of LiveRamp during the third quarter worth $3,914,000. Franklin Resources Inc. increased its position in LiveRamp by 11.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,526,250 shares of the company’s stock worth $37,653,000 after purchasing an additional 157,696 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of LiveRamp by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,493,522 shares of the company’s stock worth $37,017,000 after purchasing an additional 15,340 shares in the last quarter. Barclays PLC lifted its holdings in shares of LiveRamp by 56.3% during the 3rd quarter. Barclays PLC now owns 438,121 shares of the company’s stock valued at $10,857,000 after buying an additional 157,775 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of LiveRamp by 164.0% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 27,864 shares of the company’s stock valued at $690,000 after buying an additional 17,310 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Price Performance

RAMP stock opened at $30.52 on Tuesday. The company has a 50-day moving average of $28.97 and a two-hundred day moving average of $27.83. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 610.52 and a beta of 0.97. 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.14. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The firm had revenue of $185.00 million for the quarter, compared to analyst estimates of $176.16 million. During the same quarter last year, the firm posted $0.21 EPS. The company’s revenue was up 15.6% on a year-over-year basis. Equities analysts expect that LiveRamp Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Wells Fargo & Company began coverage on shares of LiveRamp in a research note on Monday, October 28th. They issued an “equal weight” rating and a $25.00 target price for the company. Macquarie reaffirmed an “outperform” rating and issued a $43.00 price objective on shares of LiveRamp in a research note on Thursday, November 7th. Benchmark decreased their price objective on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, StockNews.com raised LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $41.14.

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.