Principal Financial Group Inc. Buys 20,946 Shares of LiveRamp Holdings, Inc. $RAMP

Principal Financial Group Inc. grew its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 5.5% in the first quarter, Holdings Channel reports. The institutional investor owned 400,922 shares of the company’s stock after purchasing an additional 20,946 shares during the period. Principal Financial Group Inc.’s holdings in LiveRamp were worth $10,632,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Fifth Third Bancorp increased its stake in LiveRamp by 1,972.0% during the first quarter. Fifth Third Bancorp now owns 19,477 shares of the company’s stock valued at $517,000 after acquiring an additional 18,537 shares during the period. Azzad Asset Management Inc. ADV lifted its position in shares of LiveRamp by 1.1% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 32,887 shares of the company’s stock worth $872,000 after acquiring an additional 353 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in shares of LiveRamp during the 1st quarter worth approximately $582,000. Sound Income Strategies LLC increased its position in shares of LiveRamp by 769.1% during the first quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock valued at $28,000 after purchasing an additional 946 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH increased its position in shares of LiveRamp by 37.0% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,960,674 shares of the company’s stock valued at $51,997,000 after purchasing an additional 529,485 shares during the period. Institutional investors own 93.83% of the company’s stock.

LiveRamp Price Performance

LiveRamp stock opened at $37.67 on Friday. The business has a 50 day simple moving average of $37.67 and a 200 day simple moving average of $30.67. The company has a market capitalization of $2.29 billion, a PE ratio of 16.52 and a beta of 1.27. LiveRamp Holdings, Inc. has a one year low of $21.71 and a one year high of $38.23.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Monday, May 18th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.The firm had revenue of $206.09 million for the quarter, compared to analysts’ expectations of $205.49 million. During the same period in the prior year, the business posted $0.30 earnings per share. The business’s revenue was up 9.2% compared to the same quarter last year. Equities analysts anticipate that LiveRamp Holdings, Inc. will post 2.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RAMP has been the subject of a number of recent research reports. Weiss Ratings lowered LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Craig Hallum lowered shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target on the stock. in a report on Tuesday, May 19th. DA Davidson lowered shares of LiveRamp from a “buy” rating to a “neutral” rating and lifted their target price for the company from $35.00 to $38.50 in a research report on Monday, May 18th. Finally, Morgan Stanley set a $38.50 target price on shares of LiveRamp in a research note on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $40.21.

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.