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

LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) saw a significant decrease in short interest in the month of 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. Approximately 1.9% of the company's stock are sold short. Based on an average daily volume of 551,200 shares, the short-interest ratio is currently 2.2 days.

Insider Buying and Selling

In other LiveRamp news, CTO Mohsin Hussain sold 3,554 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $33.67, for a total value of $119,663.18. Following the sale, the chief technology officer now owns 57,594 shares in the company, valued at approximately $1,939,189.98. This represents a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Vihan Sharma sold 39,845 shares of LiveRamp stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the transaction, the executive now owns 110,902 shares of the company's stock, valued at $3,943,675.12. The trade was a 26.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is owned by insiders.

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Institutional Investors Weigh In On LiveRamp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. purchased a new position in shares of LiveRamp in the fourth quarter valued at about $38,000. Quarry LP raised its stake in LiveRamp by 344.4% during the 4th quarter. Quarry LP now owns 1,462 shares of the company's stock valued at $44,000 after purchasing an additional 1,133 shares during the period. Smartleaf Asset Management LLC raised its stake in LiveRamp by 477.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock valued at $49,000 after purchasing an additional 1,332 shares during the period. GAMMA Investing LLC lifted its holdings in shares of LiveRamp by 232.2% in the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company's stock worth $52,000 after buying an additional 1,189 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in LiveRamp by 101.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company's stock worth $62,000 after purchasing an additional 1,027 shares in the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

LiveRamp Trading Up 0.1 %

RAMP stock traded up $0.02 during trading on Friday, reaching $27.17. The stock had a trading volume of 1,466,294 shares, compared to its average volume of 604,001. The stock's 50 day moving average is $31.18 and its two-hundred day moving average is $28.90. The firm has a market cap of $1.79 billion, a PE ratio of 2,716.70 and a beta of 0.96. LiveRamp has a 52 week low of $21.45 and a 52 week high of $38.00.

LiveRamp (NYSE:RAMP - Get Free Report) last posted 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 return on equity of 0.97% and a net margin of 0.01%. On average, research analysts anticipate that LiveRamp will post 0.48 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on RAMP shares. Morgan Stanley increased their target price on LiveRamp from $35.00 to $38.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. StockNews.com raised LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Sunday, December 22nd. Evercore ISI boosted their target price on LiveRamp from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Finally, Benchmark reaffirmed a "buy" rating and set a $45.00 price target on shares of LiveRamp in a report on Wednesday, February 26th. Two research 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's stock. According to data from MarketBeat, LiveRamp currently has a consensus 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.