Teacher Retirement System of Texas Boosts Stock Holdings in LiveRamp Holdings, Inc. $RAMP

Teacher Retirement System of Texas lifted its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 33.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,832 shares of the company’s stock after acquiring an additional 21,239 shares during the period. Teacher Retirement System of Texas’ holdings in LiveRamp were worth $2,275,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RAMP. Parkside Financial Bank & Trust increased its holdings in shares of LiveRamp by 18.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 3,080 shares of the company’s stock worth $84,000 after purchasing an additional 487 shares in the last quarter. Strs Ohio lifted its stake in LiveRamp by 8.4% during the 3rd quarter. Strs Ohio now owns 28,400 shares of the company’s stock valued at $771,000 after acquiring an additional 2,200 shares during the period. Bailard Inc. boosted its holdings in shares of LiveRamp by 20.9% during the 3rd quarter. Bailard Inc. now owns 25,500 shares of the company’s stock valued at $692,000 after acquiring an additional 4,400 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of LiveRamp by 24.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,608 shares of the company’s stock valued at $425,000 after acquiring an additional 3,026 shares during the last quarter. Finally, New York State Teachers Retirement System grew its stake in shares of LiveRamp by 6.9% in the third quarter. New York State Teachers Retirement System now owns 98,513 shares of the company’s stock worth $2,674,000 after acquiring an additional 6,333 shares during the period. 93.83% of the stock is owned by institutional investors.

LiveRamp Stock Down 2.7%

NYSE RAMP opened at $24.16 on Friday. LiveRamp Holdings, Inc. has a twelve month low of $22.82 and a twelve month high of $36.08. The business has a 50-day moving average price of $28.17 and a 200-day moving average price of $28.48. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 39.61 and a beta of 1.12.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. LiveRamp had a return on equity of 4.44% and a net margin of 5.15%.The company had revenue of $199.83 million for the quarter, compared to analysts’ expectations of $197.31 million. During the same period in the previous year, the firm earned $0.51 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. Research analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on RAMP. Cross Research set a $53.00 price objective on shares of LiveRamp in a research report on Tuesday, November 4th. Zacks Research downgraded LiveRamp from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Wells Fargo & Company boosted their price objective on shares of LiveRamp from $31.00 to $34.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Benchmark reaffirmed a “buy” rating on shares of LiveRamp in a report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of LiveRamp in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $43.50.

About LiveRamp

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.