The Manufacturers Life Insurance Company Invests $1.15 Million in LiveRamp Holdings, Inc. $RAMP

The Manufacturers Life Insurance Company bought a new position in LiveRamp Holdings, Inc. (NYSE:RAMP) during the second quarter, Holdings Channel reports. The firm bought 30,539 shares of the company’s stock, valued at approximately $1,149,000.

Several other institutional investors have also added to or reduced their stakes in RAMP. Sound Income Strategies LLC grew its holdings in LiveRamp by 769.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock valued at $28,000 after buying an additional 946 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of LiveRamp during the 2nd quarter valued at approximately $31,000. Strs Ohio purchased a new position in shares of LiveRamp in the first quarter valued at $31,000. Hantz Financial Services Inc. grew its holdings in shares of LiveRamp by 197.0% in the fourth quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock valued at $32,000 after purchasing an additional 727 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of LiveRamp by 63.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock worth $44,000 after buying an additional 583 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Morgan Stanley set a $38.50 target price on shares of LiveRamp in a research report on Friday, May 22nd. Weiss Ratings raised LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. DA Davidson reissued a “neutral” rating on shares of LiveRamp in a research report on Tuesday, August 11th. Finally, Craig Hallum lowered 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. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $40.21.

LiveRamp Stock Performance

RAMP opened at $37.76 on Friday. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 15.48 and a beta of 1.25. The stock’s 50 day moving average price is $37.76 and its 200-day moving average price is $33.30. LiveRamp Holdings, Inc. has a one year low of $21.71 and a one year high of $38.23.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. LiveRamp had a return on equity of 9.77% and a net margin of 18.71%.The firm had revenue of $213.99 million for the quarter, compared to the consensus estimate of $211.45 million. During the same period in the prior year, the business posted $0.44 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, analysts predict that LiveRamp Holdings, Inc. will post 2.04 earnings per share for the current fiscal 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.