Janney Montgomery Scott LLC Takes $780,000 Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Janney Montgomery Scott LLC bought a new stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 31,468 shares of the company's stock, valued at approximately $780,000.

Other large investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its stake in LiveRamp by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 33,300 shares of the company's stock valued at $1,030,000 after buying an additional 500 shares in the last quarter. Arizona State Retirement System grew its stake in shares of LiveRamp by 2.9% in the 2nd quarter. Arizona State Retirement System now owns 18,528 shares of the company's stock worth $573,000 after purchasing an additional 523 shares during the last quarter. DT Investment Partners LLC raised its holdings in shares of LiveRamp by 62.6% in the 3rd quarter. DT Investment Partners LLC now owns 1,415 shares of the company's stock worth $35,000 after purchasing an additional 545 shares in the last quarter. Covestor Ltd lifted its stake in LiveRamp by 44.9% during the first quarter. Covestor Ltd now owns 2,131 shares of the company's stock valued at $73,000 after purchasing an additional 660 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in LiveRamp by 187.1% during the second quarter. Blue Trust Inc. now owns 1,065 shares of the company's stock worth $33,000 after buying an additional 694 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

Analysts Set New Price Targets

RAMP has been the subject of a number of recent research reports. Benchmark cut their price objective on LiveRamp from $48.00 to $42.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Wells Fargo & Company initiated coverage on LiveRamp in a research report on Monday, October 28th. They issued an "equal weight" rating and a $25.00 price target for the company. Craig Hallum reduced their price objective on shares of LiveRamp from $55.00 to $43.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Evercore ISI decreased their target price on shares of LiveRamp from $50.00 to $40.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. Finally, Macquarie restated an "outperform" rating and set a $43.00 price target on shares of LiveRamp in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.14.

LiveRamp Stock Performance

Shares of NYSE RAMP traded up $0.25 during trading hours on Monday, hitting $28.14. The stock had a trading volume of 398,136 shares, compared to its average volume of 647,258. The firm's 50-day moving average price is $25.38 and its two-hundred day moving average price is $28.08. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $42.66. The company has a market capitalization of $1.84 billion, a P/E ratio of 563.20 and a beta of 0.96.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.14. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The company had revenue of $185.00 million during the quarter, compared to analysts' expectations of $176.16 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The business's quarterly revenue was up 15.6% compared to the same quarter last year. As a group, analysts expect that LiveRamp Holdings, Inc. will post 0.37 EPS for the current fiscal year.

Insider Activity

In other news, insider Kimberly Bloomston sold 4,000 shares of the firm's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $25.17, for a total value of $100,680.00. Following the transaction, the insider now directly owns 117,247 shares in the company, valued at $2,951,106.99. This trade represents a 3.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Debora B. Tomlin sold 9,765 shares of LiveRamp stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $25.07, for a total value of $244,808.55. Following the sale, the director now directly owns 24,509 shares of the company's stock, valued at approximately $614,440.63. This trade represents a 28.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,538 shares of company stock worth $495,471. Company insiders own 3.39% 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.