NJ State Employees Deferred Compensation Plan Makes New $231,000 Investment in LiveRamp Holdings, Inc. $RAMP

NJ State Employees Deferred Compensation Plan bought a new position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,000 shares of the company’s stock, valued at approximately $231,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Versor Investments LP bought a new stake in shares of LiveRamp during the second quarter worth $1,409,000. Peregrine Capital Management LLC grew its stake in shares of LiveRamp by 3.9% during the second quarter. Peregrine Capital Management LLC now owns 259,033 shares of the company’s stock worth $8,558,000 after buying an additional 9,693 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of LiveRamp by 51.0% during the second quarter. Envestnet Asset Management Inc. now owns 115,103 shares of the company’s stock worth $3,803,000 after buying an additional 38,873 shares during the last quarter. Prudent Man Advisors LLC bought a new stake in shares of LiveRamp during the second quarter worth $208,000. Finally, AlphaQuest LLC grew its stake in shares of LiveRamp by 76.6% during the second quarter. AlphaQuest LLC now owns 15,605 shares of the company’s stock worth $516,000 after buying an additional 6,768 shares during the last quarter. Institutional investors own 93.83% of the company’s stock.

Analyst Upgrades and Downgrades

RAMP has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of LiveRamp in a research note on Wednesday, October 8th. Morgan Stanley decreased their target price on shares of LiveRamp from $34.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 12th. Zacks Research raised shares of LiveRamp from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Wall Street Zen raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Finally, Benchmark reissued a “buy” rating on shares of LiveRamp in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, LiveRamp presently has an average rating of “Hold” and a consensus target price of $42.57.

LiveRamp Stock Down 1.9%

Shares of LiveRamp stock opened at $26.98 on Wednesday. LiveRamp Holdings, Inc. has a twelve month low of $22.82 and a twelve month high of $36.08. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 122.63 and a beta of 0.90. The company’s fifty day moving average is $27.52 and its 200 day moving average is $29.40.

LiveRamp (NYSE:RAMP) last released its earnings results on Wednesday, August 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $194.82 million for the quarter, compared to analyst estimates of $191.22 million. LiveRamp had a net margin of 1.89% and a return on equity of 2.21%. LiveRamp’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 earnings per share. As a group, equities analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Transactions at LiveRamp

In related news, CTO Mohsin Hussain sold 12,734 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $27.94, for a total value of $355,787.96. Following the transaction, the chief technology officer owned 63,409 shares in the company, valued at $1,771,647.46. The trade was a 16.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.31% of the stock is currently owned by insiders.

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.