Elo Mutual Pension Insurance Co Acquires 49,123 Shares of LiveRamp Holdings, Inc. $RAMP

Elo Mutual Pension Insurance Co raised its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 271.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 67,200 shares of the company’s stock after acquiring an additional 49,123 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in LiveRamp were worth $1,824,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust increased its position in shares of LiveRamp by 18.8% in the third quarter. Parkside Financial Bank & Trust now owns 3,080 shares of the company’s stock worth $84,000 after purchasing an additional 487 shares during the last quarter. Engineers Gate Manager LP raised its stake in shares of LiveRamp by 0.5% during the second quarter. Engineers Gate Manager LP now owns 113,424 shares of the company’s stock worth $3,748,000 after acquiring an additional 561 shares in the last quarter. US Bancorp DE lifted its holdings in shares of LiveRamp by 8.8% in the 3rd quarter. US Bancorp DE now owns 6,944 shares of the company’s stock worth $188,000 after acquiring an additional 564 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of LiveRamp by 1.1% in the 2nd quarter. California State Teachers Retirement System now owns 61,432 shares of the company’s stock valued at $2,030,000 after purchasing an additional 640 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of LiveRamp by 1.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,234 shares of the company’s stock valued at $999,000 after purchasing an additional 677 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RAMP. Benchmark lowered their price target on shares of LiveRamp from $53.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of LiveRamp in a report on Monday, December 29th. Zacks Research cut LiveRamp from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. DA Davidson reduced their price target on LiveRamp from $45.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Finally, Morgan Stanley boosted their price objective on LiveRamp from $30.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, November 13th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $39.40.

LiveRamp Price Performance

NYSE RAMP opened at $28.69 on Thursday. The stock has a market capitalization of $1.81 billion, a PE ratio of 27.07 and a beta of 1.12. LiveRamp Holdings, Inc. has a 1 year low of $21.71 and a 1 year high of $35.20. The business’s 50-day moving average is $26.06 and its 200 day moving average is $27.46.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. The business had revenue of $212.20 million during the quarter, compared to analysts’ expectations of $211.68 million. LiveRamp had a return on equity of 6.40% and a net margin of 8.64%.The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. As a group, equities research analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

LiveRamp announced that its board has approved a stock buyback program on Thursday, February 12th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to purchase up to 13.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

LiveRamp Company Profile

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company’s core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp’s platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.