NJ State Employees Deferred Compensation Plan Takes $213,000 Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

NJ State Employees Deferred Compensation Plan acquired a new stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 7,000 shares of the company’s stock, valued at approximately $213,000.

Other large investors also recently bought and sold shares of the company. First Horizon Advisors Inc. purchased a new position in LiveRamp during the 4th quarter valued at $38,000. Smartleaf Asset Management LLC boosted its holdings in LiveRamp by 477.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock valued at $49,000 after acquiring an additional 1,332 shares during the period. GAMMA Investing LLC boosted its holdings in LiveRamp by 232.2% during the 4th quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock valued at $52,000 after acquiring an additional 1,189 shares during the period. Parkside Financial Bank & Trust boosted its holdings in LiveRamp by 101.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock valued at $62,000 after acquiring an additional 1,027 shares during the period. Finally, Point72 DIFC Ltd purchased a new position in LiveRamp during the 3rd quarter valued at $92,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Price Performance

Shares of NYSE RAMP opened at $29.51 on Tuesday. The stock has a market capitalization of $1.94 billion, a P/E ratio of 2,951.00 and a beta of 0.96. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $38.00. The business has a fifty day moving average price of $32.11 and a 200 day moving average price of $28.75.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. As a group, equities research analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CTO Mohsin Hussain sold 3,554 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $33.67, for a total transaction of $119,663.18. Following the sale, the chief technology officer now owns 57,594 shares in the company, valued at approximately $1,939,189.98. The trade was a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Vihan Sharma sold 39,845 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the completion of the transaction, the executive now directly owns 110,902 shares of the company’s stock, valued at $3,943,675.12. The trade was a 26.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on RAMP shares. Morgan Stanley boosted their price objective on LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. StockNews.com upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Evercore ISI upped their target price on LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Macquarie reiterated an “outperform” rating and issued a $43.00 target price on shares of LiveRamp in a report on Thursday, November 7th. Finally, Benchmark reiterated a “buy” rating and issued a $45.00 target price on shares of LiveRamp in a report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $39.83.

LiveRamp 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.