Short Interest in LiveRamp Holdings, Inc. (NYSE:RAMP) Rises By 19.5%

LiveRamp Holdings, Inc. (NYSE:RAMP) was the recipient of a large growth in short interest during 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. Currently, 2.3% of the shares of the company are sold short. Based on an average daily trading volume, of 541,100 shares, the days-to-cover ratio is currently 2.7 days.

Insider Buying and Selling at LiveRamp

In related news, CRO Vihan Sharma sold 39,845 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $35.56, for a total value 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 represents a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.39% of the company’s stock.

Hedge Funds Weigh In On LiveRamp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RAMP. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of LiveRamp in the 3rd quarter valued at approximately $1,187,000. Royce & Associates LP raised its holdings in shares of LiveRamp by 75.6% during the third quarter. Royce & Associates LP now owns 317,910 shares of the company’s stock worth $7,878,000 after acquiring an additional 136,900 shares during the period. HighTower Advisors LLC bought a new stake in LiveRamp in the 3rd quarter valued at $439,000. Robeco Institutional Asset Management B.V. increased its holdings in LiveRamp by 353.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 66,911 shares of the company’s stock worth $1,658,000 after purchasing an additional 52,166 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of LiveRamp by 111.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock valued at $13,857,000 after purchasing an additional 294,743 shares during the period. Institutional investors own 93.83% of the company’s stock.

Analyst Ratings Changes

RAMP has been the subject of a number of research analyst reports. Benchmark reiterated a “buy” rating and issued a $42.00 target price on shares of LiveRamp in a research note on Tuesday, February 4th. Macquarie reissued an “outperform” rating and issued a $43.00 price objective on shares of LiveRamp in a research note on Thursday, November 7th. Wells Fargo & Company started coverage on LiveRamp in a report on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price on the stock. Evercore ISI upped their price target on shares of LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, StockNews.com upgraded shares of 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $39.33.

LiveRamp Trading Down 1.2 %

Shares of NYSE:RAMP traded down $0.40 during trading on Monday, hitting $33.64. 293,926 shares of the company’s stock were exchanged, compared to its average volume of 531,757. The firm has a 50-day moving average price of $32.15 and a two-hundred day moving average price of $28.24. LiveRamp has a 1-year low of $21.45 and a 1-year high of $38.00. The firm has a market cap of $2.21 billion, a P/E ratio of 3,364.00 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share 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, research analysts predict that LiveRamp will post 0.36 EPS for the current year.

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.