Short Interest in LiveRamp Holdings, Inc. (NYSE:RAMP) Declines By 16.3%

LiveRamp Holdings, Inc. (NYSE:RAMP) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 1,230,000 shares, a decline of 16.3% from the February 13th total of 1,470,000 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily volume of 551,200 shares, the short-interest ratio is currently 2.2 days.

LiveRamp Stock Performance

NYSE RAMP traded up $0.52 on Thursday, reaching $27.45. The company had a trading volume of 110,024 shares, compared to its average volume of 598,182. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 2,749.90 and a beta of 0.96. LiveRamp has a 1-year low of $21.45 and a 1-year high of $38.00. The company’s fifty day moving average is $31.28 and its 200-day moving average is $28.88.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.22). LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. On average, research analysts forecast that LiveRamp will post 0.48 earnings per share for the current year.

Insider Buying and Selling

In related news, 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CRO Vihan Sharma sold 39,845 shares of the business’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 disclosure for this sale can be found here. 3.39% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LiveRamp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Summit Investment Advisors Inc. lifted its position in LiveRamp by 7.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,906 shares of the company’s stock worth $210,000 after buying an additional 462 shares in the last quarter. Carolina Wealth Advisors LLC lifted its position in LiveRamp by 2.2% during the 4th quarter. Carolina Wealth Advisors LLC now owns 25,608 shares of the company’s stock worth $778,000 after buying an additional 560 shares in the last quarter. Summit Trail Advisors LLC lifted its position in LiveRamp by 0.5% during the 4th quarter. Summit Trail Advisors LLC now owns 115,924 shares of the company’s stock worth $3,521,000 after buying an additional 625 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in LiveRamp by 0.6% during the 3rd 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 buying an additional 1,001 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in LiveRamp by 101.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock worth $62,000 after buying an additional 1,027 shares in the last quarter. 93.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RAMP has been the subject of several recent research reports. Benchmark reiterated a “buy” rating and set a $45.00 target price on shares of LiveRamp in a research report on Wednesday, February 26th. Evercore ISI boosted their price target on shares of LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Morgan Stanley boosted their price target on shares of LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Finally, StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.