KLP Kapitalforvaltning AS Acquires 22,900 Shares of LiveRamp Holdings, Inc. $RAMP

KLP Kapitalforvaltning AS lifted its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 97.0% in the third quarter, Holdings Channel.com reports. The fund owned 46,500 shares of the company’s stock after purchasing an additional 22,900 shares during the period. KLP Kapitalforvaltning AS’s holdings in LiveRamp were worth $1,262,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new position in LiveRamp in the 2nd quarter worth $31,000. Strs Ohio purchased a new stake in LiveRamp in the first quarter worth about $31,000. Prudent Man Advisors LLC bought a new stake in LiveRamp during the 2nd quarter valued at approximately $208,000. Cerity Partners LLC purchased a new position in shares of LiveRamp during the 2nd quarter worth approximately $229,000. Finally, NJ State Employees Deferred Compensation Plan bought a new position in shares of LiveRamp in the 2nd quarter worth approximately $231,000. Institutional investors own 93.83% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on RAMP shares. Wells Fargo & Company increased their price objective on LiveRamp from $31.00 to $34.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of LiveRamp in a research report on Monday, December 29th. Benchmark reissued a “buy” rating on shares of LiveRamp in a research note on Tuesday, November 4th. Zacks Research upgraded shares of LiveRamp from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 20th. Finally, Morgan Stanley raised their target price on shares of LiveRamp from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $43.50.

LiveRamp Price Performance

RAMP opened at $27.69 on Tuesday. The firm has a market cap of $1.76 billion, a PE ratio of 45.39 and a beta of 1.12. The stock has a 50-day moving average price of $29.16 and a 200-day moving average price of $29.13. LiveRamp Holdings, Inc. has a 1 year low of $22.82 and a 1 year high of $36.08.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. The business had revenue of $199.83 million during the quarter, compared to analyst estimates of $197.31 million. LiveRamp had a net margin of 5.15% and a return on equity of 4.44%. LiveRamp’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. As a group, sell-side analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

LiveRamp Company Profile

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.