LiveRamp Holdings, Inc. (NYSE:RAMP) Short Interest Down 16.3% in February

LiveRamp Holdings, Inc. (NYSE:RAMP) was the target of a large 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. Currently, 1.9% of the company’s stock are short sold. Based on an average daily volume of 551,200 shares, the days-to-cover ratio is presently 2.2 days.

LiveRamp Stock Up 1.0 %

Shares of RAMP stock traded up $0.26 on Wednesday, reaching $26.93. The stock had a trading volume of 624,865 shares, compared to its average volume of 600,116. LiveRamp has a 12 month low of $21.45 and a 12 month high of $38.00. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 2,693.40 and a beta of 0.96. The firm’s 50-day moving average is $31.28 and its two-hundred day moving average is $28.88.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data 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%. On average, sell-side analysts forecast that LiveRamp will post 0.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on RAMP shares. Morgan Stanley boosted their price objective 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 reissued a “buy” rating and set a $45.00 price target on shares of LiveRamp in a research report on Wednesday, February 26th. Evercore ISI raised their price objective on LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, StockNews.com raised LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $39.83.

Insider Buying and Selling

In related news, CRO Vihan Sharma sold 39,845 shares of the stock in a transaction dated 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 directly owns 110,902 shares in the company, valued at approximately $3,943,675.12. This trade represents a 26.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Mohsin Hussain sold 3,554 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief technology officer now owns 57,594 shares in the company, 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 company insiders.

Institutional Trading of LiveRamp

Hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC bought a new position in LiveRamp in the 3rd quarter valued at about $780,000. State of New Jersey Common Pension Fund D increased its stake in shares of LiveRamp by 30.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 77,696 shares of the company’s stock worth $1,925,000 after purchasing an additional 18,009 shares during the period. Royce & Associates LP lifted its holdings in LiveRamp by 75.6% during the 3rd quarter. Royce & Associates LP now owns 317,910 shares of the company’s stock worth $7,878,000 after purchasing an additional 136,900 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in LiveRamp by 55.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 355,131 shares of the company’s stock valued at $8,800,000 after purchasing an additional 126,527 shares during the period. Finally, Intech Investment Management LLC bought a new stake in LiveRamp in the 3rd quarter valued at $444,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

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.