LiveRamp Holdings, Inc. (NYSE:RAMP) Sees Significant Increase in Short Interest

LiveRamp Holdings, Inc. (NYSE:RAMP) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,470,000 shares, a growth of 19.5% from the January 15th total of 1,230,000 shares. Based on an average daily volume of 541,100 shares, the short-interest ratio is presently 2.7 days. Currently, 2.3% of the company’s stock are sold short.

Insider Transactions at LiveRamp

In other news, CRO Vihan Sharma sold 39,845 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $35.56, for a total value of $1,416,888.20. Following the completion of the sale, the executive now owns 110,902 shares of the company’s stock, valued at approximately $3,943,675.12. This represents a 26.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.39% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. increased its stake in LiveRamp by 7.2% during the 4th quarter. Ameritas Investment Partners Inc. now owns 6,906 shares of the company’s stock valued at $210,000 after purchasing an additional 462 shares in the last quarter. DT Investment Partners LLC increased its stake in LiveRamp by 62.6% during the 3rd quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock valued at $35,000 after purchasing an additional 545 shares in the last quarter. Carolina Wealth Advisors LLC increased its stake in shares of LiveRamp by 2.2% in the fourth quarter. Carolina Wealth Advisors LLC now owns 25,608 shares of the company’s stock worth $778,000 after acquiring an additional 560 shares during the period. Summit Trail Advisors LLC increased its stake in shares of LiveRamp by 0.5% in the fourth quarter. Summit Trail Advisors LLC now owns 115,924 shares of the company’s stock worth $3,521,000 after acquiring an additional 625 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of LiveRamp by 0.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,059 shares of the company’s stock worth $4,041,000 after acquiring an additional 1,001 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and issued a $42.00 price target on shares of LiveRamp in a research report on Tuesday, February 4th. Wells Fargo & Company assumed coverage on shares of LiveRamp in a research note on Monday, October 28th. They set an “equal weight” rating and a $25.00 price objective for the company. Macquarie reiterated an “outperform” rating and set a $43.00 price objective on shares of LiveRamp in a research note on Thursday, November 7th. Finally, StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, LiveRamp presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.33.

LiveRamp Stock Down 1.2 %

Shares of NYSE RAMP traded down $0.40 during trading hours on Monday, hitting $33.64. 293,926 shares of the stock were exchanged, compared to its average volume of 531,757. The company has a market cap of $2.21 billion, a PE ratio of 3,364.00 and a beta of 0.96. The firm has a fifty day moving average price of $32.15 and a 200-day moving average price of $28.24. LiveRamp has a 12 month low of $21.45 and a 12 month high of $38.00.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. As a group, equities analysts anticipate that LiveRamp will post 0.36 earnings per share for the current fiscal year.

About LiveRamp

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.