LiveRamp Holdings, Inc. (NYSE:RAMP) Sees Large Decline in Short Interest

LiveRamp Holdings, Inc. (NYSE:RAMP) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 1,230,000 shares, a decrease of 16.3% from the February 13th total of 1,470,000 shares. Based on an average daily volume of 551,200 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.9% of the company’s stock are short sold.

LiveRamp Trading Up 0.5 %

NYSE:RAMP traded up $0.12 during trading hours on Tuesday, reaching $26.52. The company had a trading volume of 133,200 shares, compared to its average volume of 597,969. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 2,650.50 and a beta of 0.96. The firm’s 50 day moving average price is $31.41 and its 200-day moving average price is $28.88. LiveRamp has a 52 week low of $21.45 and a 52 week high of $38.00.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 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%. On average, analysts forecast that LiveRamp will post 0.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CRO Vihan Sharma sold 39,845 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was 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 owns 110,902 shares of the company’s stock, valued at $3,943,675.12. This trade represents a 26.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Mohsin Hussain sold 3,554 shares of LiveRamp stock in a transaction on Friday, February 14th. The shares were sold at an average price of $33.67, for a total value of $119,663.18. Following the transaction, the chief technology officer now owns 57,594 shares of the company’s stock, valued at $1,939,189.98. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LiveRamp

A number of institutional investors and hedge funds have recently made changes to their positions in RAMP. First Horizon Advisors Inc. bought a new position in LiveRamp in the fourth quarter worth approximately $38,000. Quarry LP raised its holdings in LiveRamp by 344.4% in the 4th quarter. Quarry LP now owns 1,462 shares of the company’s stock worth $44,000 after purchasing an additional 1,133 shares during the period. Smartleaf Asset Management LLC raised its holdings in LiveRamp by 477.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock worth $49,000 after purchasing an additional 1,332 shares during the period. GAMMA Investing LLC lifted its position in LiveRamp by 232.2% during the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock valued at $52,000 after purchasing an additional 1,189 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in LiveRamp by 101.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock valued at $62,000 after purchasing an additional 1,027 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Analyst Ratings Changes

RAMP has been the topic of a number of analyst reports. StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. Evercore ISI upped their target price on shares of LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Morgan Stanley raised their price target on shares of LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Finally, Benchmark reaffirmed a “buy” rating and issued a $45.00 price objective on shares of LiveRamp in a research report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $39.83.

LiveRamp Company 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.