Illinois Municipal Retirement Fund Sells 838 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Illinois Municipal Retirement Fund lessened its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,803 shares of the company’s stock after selling 838 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in LiveRamp were worth $1,432,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC boosted its holdings in shares of LiveRamp by 341.8% in the third quarter. Acadian Asset Management LLC now owns 42,289 shares of the company’s stock valued at $1,216,000 after buying an additional 32,716 shares during the period. Vanguard Group Inc. boosted its holdings in shares of LiveRamp by 3.8% in the third quarter. Vanguard Group Inc. now owns 8,139,409 shares of the company’s stock valued at $234,741,000 after buying an additional 296,586 shares during the period. Teza Capital Management LLC acquired a new position in shares of LiveRamp in the third quarter valued at approximately $860,000. Northern Trust Corp boosted its holdings in shares of LiveRamp by 2.5% in the third quarter. Northern Trust Corp now owns 707,479 shares of the company’s stock valued at $20,404,000 after buying an additional 16,974 shares during the period. Finally, Knights of Columbus Asset Advisors LLC boosted its holdings in shares of LiveRamp by 128.3% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 154,870 shares of the company’s stock valued at $5,866,000 after buying an additional 87,020 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RAMP. Susquehanna increased their target price on shares of LiveRamp from $45.00 to $50.00 and gave the stock a “positive” rating in a report on Friday, February 9th. Craig Hallum increased their target price on shares of LiveRamp from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Benchmark restated a “buy” rating and set a $51.00 target price on shares of LiveRamp in a report on Monday, March 4th. Finally, StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 16th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $47.75.

LiveRamp Trading Up 2.1 %

Shares of RAMP opened at $32.67 on Friday. LiveRamp Holdings, Inc. has a 12 month low of $23.10 and a 12 month high of $42.66. The firm has a fifty day simple moving average of $34.23 and a 200 day simple moving average of $34.55. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of -148.48 and a beta of 1.00.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The firm had revenue of $173.87 million during the quarter, compared to analysts’ expectations of $174.00 million. LiveRamp had a negative net margin of 2.22% and a positive return on equity of 1.57%. As a group, research analysts predict that LiveRamp Holdings, Inc. will post 0.64 earnings per share for the current fiscal year.

Insider Buying and Selling at LiveRamp

In other LiveRamp news, Director Timothy R. Cadogan sold 1,500 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $37.00, for a total value of $55,500.00. Following the completion of the sale, the director now owns 51,016 shares in the company, valued at $1,887,592. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.93% of the company’s stock.

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.