Short Interest in LiveRamp Holdings, Inc. (NYSE:RAMP) Rises By 19.5%

LiveRamp Holdings, Inc. (NYSE:RAMP) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 1,470,000 shares, a growth of 19.5% from the January 15th total of 1,230,000 shares. Based on an average daily trading volume, of 541,100 shares, the days-to-cover ratio is currently 2.7 days. Approximately 2.3% of the company’s stock are short sold.

Analysts Set New Price Targets

Several equities research analysts have issued reports on RAMP shares. Macquarie reaffirmed an “outperform” rating and set a $43.00 price target on shares of LiveRamp in a report on Thursday, November 7th. Morgan Stanley lifted their target price on shares of LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Wells Fargo & Company initiated coverage on LiveRamp in a report on Monday, October 28th. They set an “equal weight” rating and a $25.00 price target for the company. Evercore ISI upped 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. Finally, Benchmark reissued a “buy” rating and set a $42.00 target price on shares of LiveRamp in a report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, LiveRamp currently has a consensus rating of “Moderate Buy” and an average price target of $39.33.

LiveRamp Price Performance

RAMP stock traded down $0.40 during midday trading on Monday, reaching $33.64. The company had a trading volume of 293,926 shares, compared to its average volume of 531,757. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 3,364.00 and a beta of 0.96. LiveRamp has a 1-year low of $21.45 and a 1-year high of $38.00. The stock has a 50 day moving average price of $32.15 and a 200-day moving average price of $28.24.

LiveRamp (NYSE:RAMP) last announced 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 net margin of 0.01% and a return on equity of 0.97%. As a group, research analysts anticipate that LiveRamp will post 0.36 earnings per share for the current year.

Insider Activity at LiveRamp

In other LiveRamp 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 sale, the executive now owns 110,902 shares in the company, valued at $3,943,675.12. This represents a 26.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.39% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of LiveRamp during the 3rd quarter valued at approximately $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 bought a new position in shares of LiveRamp in the 3rd quarter valued at $439,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of LiveRamp by 353.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 66,911 shares of the company’s stock valued at $1,658,000 after acquiring an additional 52,166 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in LiveRamp by 111.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock worth $13,857,000 after acquiring an additional 294,743 shares during the last quarter. Institutional investors and hedge funds own 93.83% 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.