Healthcare of Ontario Pension Plan Trust Fund Buys New Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 47,900 shares of the company's stock, valued at approximately $1,187,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.07% of LiveRamp at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. DT Investment Partners LLC purchased a new stake in LiveRamp in the 2nd quarter valued at approximately $27,000. Quarry LP grew its stake in shares of LiveRamp by 4,575.0% during the 2nd quarter. Quarry LP now owns 935 shares of the company's stock worth $29,000 after purchasing an additional 915 shares during the period. Blue Trust Inc. increased its holdings in shares of LiveRamp by 187.1% in the 2nd quarter. Blue Trust Inc. now owns 1,065 shares of the company's stock valued at $33,000 after purchasing an additional 694 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of LiveRamp in the first quarter valued at about $87,000. Finally, Quest Partners LLC boosted its holdings in LiveRamp by 68.8% during the second quarter. Quest Partners LLC now owns 2,998 shares of the company's stock worth $93,000 after buying an additional 1,222 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company's stock.

LiveRamp Stock Performance

NYSE RAMP traded up $1.24 during mid-day trading on Monday, reaching $31.60. 834,022 shares of the stock were exchanged, compared to its average volume of 644,496. The stock has a market capitalization of $2.06 billion, a PE ratio of 607.32 and a beta of 0.96. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $42.66. The business's fifty day simple moving average is $26.28 and its 200 day simple moving average is $27.90.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.14. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The business had revenue of $185.00 million for the quarter, compared to analysts' expectations of $176.16 million. During the same quarter last year, the firm earned $0.21 earnings per share. The business's revenue was up 15.6% on a year-over-year basis. On average, analysts anticipate that LiveRamp Holdings, Inc. will post 0.36 EPS for the current year.

Insider Activity

In other news, insider Kimberly Bloomston sold 4,000 shares of the business's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $25.17, for a total transaction of $100,680.00. Following the completion of the sale, the insider now owns 117,247 shares in the company, valued at approximately $2,951,106.99. The trade was a 3.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Debora B. Tomlin sold 9,765 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $25.07, for a total transaction of $244,808.55. Following the completion of the transaction, the director now owns 24,509 shares in the company, valued at $614,440.63. The trade was a 28.49 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.39% of the company's stock.

Wall Street Analyst Weigh In

RAMP has been the topic of a number of research analyst reports. Craig Hallum decreased their target price on LiveRamp from $55.00 to $43.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Wells Fargo & Company initiated coverage on shares of LiveRamp in a research note on Monday, October 28th. They issued an "equal weight" rating and a $25.00 price objective on the stock. Macquarie restated an "outperform" rating and set a $43.00 target price on shares of LiveRamp in a research report on Thursday, November 7th. Benchmark lowered their price target on shares of LiveRamp from $48.00 to $42.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Finally, Evercore ISI dropped their price objective on shares of LiveRamp from $50.00 to $40.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $41.14.

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.