LiveRamp Holdings, Inc. (NYSE:RAMP) Short Interest Up 19.5% in January

LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,470,000 shares, an increase of 19.5% from the January 15th total of 1,230,000 shares. Currently, 2.3% of the company's shares are sold short. Based on an average daily trading volume, of 541,100 shares, the short-interest ratio is presently 2.7 days.

Insiders Place Their Bets

In other LiveRamp news, CRO Vihan Sharma sold 39,845 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $35.56, for a total value of $1,416,888.20. Following the sale, 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 document filed with the SEC, which is accessible through the SEC website. Also, CTO Mohsin Hussain sold 3,554 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $33.67, for a total transaction of $119,663.18. Following the sale, the chief technology officer now owns 57,594 shares in the company, valued at $1,939,189.98. This trade represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.39% of the company's stock.

Institutional Trading of LiveRamp

Institutional investors and hedge funds have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of LiveRamp in the third quarter worth about $1,187,000. Royce & Associates LP grew its stake 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 buying an additional 136,900 shares during the last quarter. HighTower Advisors LLC acquired a new position in shares of LiveRamp during the third quarter worth $439,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of LiveRamp by 353.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 66,911 shares of the company's stock worth $1,658,000 after buying an additional 52,166 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of LiveRamp by 111.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company's stock valued at $13,857,000 after acquiring an additional 294,743 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wells Fargo & Company assumed coverage on shares of LiveRamp in a research report on Monday, October 28th. They set an "equal weight" rating and a $25.00 price target on the stock. StockNews.com raised LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Sunday, December 22nd. Evercore ISI raised their target price on shares of LiveRamp from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Benchmark restated a "buy" rating and set a $42.00 target price on shares of LiveRamp in a report on Tuesday, February 4th. Finally, Macquarie reissued an "outperform" rating and issued a $43.00 price objective on shares of LiveRamp in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, LiveRamp has a consensus rating of "Moderate Buy" and a consensus price target of $39.33.

LiveRamp Stock Performance

NYSE:RAMP traded down $0.81 during mid-day trading on Wednesday, hitting $33.09. 219,813 shares of the stock were exchanged, compared to its average volume of 508,468. The firm's 50-day simple moving average is $32.22 and its 200 day simple moving average is $28.31. LiveRamp has a fifty-two week low of $21.45 and a fifty-two week high of $38.00. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 3,317.00 and a beta of 0.96.

LiveRamp (NYSE:RAMP - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 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, analysts predict that LiveRamp will post 0.48 EPS for the current fiscal 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.