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

LiveRamp Holdings, Inc. (NYSE:RAMP) was the target of a significant increase in short interest in 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. Approximately 2.3% of the company’s stock are sold short. Based on an average daily trading volume, of 541,100 shares, the days-to-cover ratio is currently 2.7 days.

Insider Transactions at LiveRamp

In related news, CRO Vihan Sharma sold 39,845 shares of the company’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 value of $1,416,888.20. Following the completion of the transaction, the executive now directly owns 110,902 shares of the company’s stock, valued at $3,943,675.12. This represents a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.39% of the company’s stock.

Institutional Investors Weigh In On LiveRamp

Several large investors have recently modified their holdings of RAMP. DT Investment Partners LLC raised its position in LiveRamp by 62.6% in the third quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock worth $35,000 after acquiring an additional 545 shares in the last quarter. First Horizon Advisors Inc. purchased a new position in LiveRamp in the fourth quarter worth $38,000. Quarry LP raised its position in LiveRamp by 344.4% in the fourth quarter. Quarry LP now owns 1,462 shares of the company’s stock worth $44,000 after acquiring an additional 1,133 shares in the last quarter. Smartleaf Asset Management LLC raised its position in LiveRamp by 477.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock worth $49,000 after acquiring an additional 1,332 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in 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 acquiring an additional 1,189 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Trading Down 1.2 %

Shares of LiveRamp stock traded down $0.40 during trading hours on Friday, hitting $33.64. 293,926 shares of the company were exchanged, compared to its average volume of 531,757. LiveRamp has a 1 year low of $21.45 and a 1 year high of $38.00. The business has a 50-day moving average of $32.15 and a 200-day moving average of $28.27. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 3,364.00 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last released 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%. As a group, research analysts anticipate that LiveRamp will post 0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RAMP has been the subject of a number of research analyst reports. StockNews.com raised LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Benchmark reaffirmed a “buy” rating and issued a $42.00 price target on shares of LiveRamp in a report on Tuesday, February 4th. Wells Fargo & Company started coverage on LiveRamp in a report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price objective for the company. Macquarie reissued an “outperform” rating and issued a $43.00 price objective on shares of LiveRamp in a report on Thursday, November 7th. Finally, Evercore ISI increased their price objective on LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.33.

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.