Principal Financial Group Inc. Has $10.63 Million Stake in LiveRamp Holdings, Inc. $RAMP

Principal Financial Group Inc. raised its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 5.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 400,922 shares of the company’s stock after buying an additional 20,946 shares during the period. Principal Financial Group Inc. owned 0.64% of LiveRamp worth $10,632,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sound Income Strategies LLC increased its holdings in shares of LiveRamp by 769.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock valued at $28,000 after acquiring an additional 946 shares during the last quarter. Headlands Technologies LLC acquired a new stake in LiveRamp in the 2nd quarter worth approximately $31,000. Strs Ohio acquired a new stake in LiveRamp in the 1st quarter worth approximately $31,000. Hantz Financial Services Inc. boosted its position in LiveRamp by 197.0% during the fourth quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock worth $32,000 after purchasing an additional 727 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in LiveRamp by 63.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock worth $44,000 after purchasing an additional 583 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

Wall Street Analysts Forecast Growth

RAMP has been the topic of a number of recent analyst reports. Craig Hallum lowered shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target on the stock. in a research report on Tuesday, May 19th. Weiss Ratings downgraded shares of LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Morgan Stanley set a $38.50 price objective on shares of LiveRamp in a report on Friday, May 22nd. Finally, DA Davidson downgraded shares of LiveRamp from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $35.00 to $38.50 in a report on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, LiveRamp currently has an average rating of “Hold” and an average price target of $40.21.

LiveRamp Stock Down 0.0%

Shares of NYSE:RAMP opened at $37.67 on Friday. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 16.52 and a beta of 1.27. The business has a 50 day moving average price of $37.67 and a 200 day moving average price of $30.67. LiveRamp Holdings, Inc. has a twelve month low of $21.71 and a twelve month high of $38.23.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Monday, May 18th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.The company had revenue of $206.09 million for the quarter, compared to the consensus estimate of $205.49 million. During the same period in the previous year, the business posted $0.30 EPS. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. Analysts anticipate that LiveRamp Holdings, Inc. will post 2.07 EPS for the current year.

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.