LiveRamp (NYSE:RAMP) Shares Down 5.2% - Should You Sell?

LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) shares traded down 5.2% during trading on Friday . The stock traded as low as $26.73 and last traded at $26.93. 425,376 shares traded hands during trading, a decline of 22% from the average session volume of 547,761 shares. The stock had previously closed at $28.41.

Analyst Ratings Changes

RAMP has been the subject of a number of analyst reports. Benchmark reiterated a "buy" rating and issued a $45.00 price objective on shares of LiveRamp in a research report on Wednesday, February 26th. StockNews.com raised LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Sunday, December 22nd. Morgan Stanley raised their price target on LiveRamp from $35.00 to $38.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Finally, Evercore ISI boosted their price objective 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. Two equities research 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 company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $39.83.

LiveRamp Stock Up 1.8 %

The firm has a market cap of $1.68 billion, a P/E ratio of 2,559.20 and a beta of 0.96. The firm has a fifty day moving average of $31.82 and a 200-day moving average of $28.85.

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LiveRamp (NYSE:RAMP - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share 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%. Sell-side analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Insiders Place Their Bets

In other LiveRamp news, CRO Vihan Sharma sold 39,845 shares of LiveRamp stock in a transaction dated 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 in the company, valued at approximately $3,943,675.12. The trade was a 26.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Mohsin Hussain sold 3,554 shares of the company's stock in a transaction on Friday, February 14th. The stock was 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 of the company's stock, valued at $1,939,189.98. This trade represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.39% of the company's stock.

Hedge Funds Weigh In On LiveRamp

A number of hedge funds have recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of LiveRamp during the third quarter valued at about $1,187,000. Royce & Associates LP lifted its position in shares of LiveRamp by 75.6% during the 3rd 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 in the last quarter. HighTower Advisors LLC purchased a new position in shares of LiveRamp in the 3rd quarter worth approximately $439,000. American Capital Management Inc. grew its holdings in shares of LiveRamp by 46.7% in the third quarter. American Capital Management Inc. now owns 2,877,814 shares of the company's stock valued at $71,312,000 after acquiring an additional 916,578 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of LiveRamp by 55.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 355,131 shares of the company's stock valued at $8,800,000 after acquiring an additional 126,527 shares during the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

About LiveRamp

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.