LiveRamp Holdings, Inc. (NYSE:RAMP) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 3.5% during the first quarter, Holdings Channel reports. The firm owned 421,871 shares of the company’s stock after selling 15,105 shares during the quarter. Federated Hermes Inc.’s holdings in LiveRamp were worth $11,028,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Quarry LP increased its holdings in shares of LiveRamp by 344.4% in the 4th quarter. Quarry LP now owns 1,462 shares of the company’s stock worth $44,000 after acquiring an additional 1,133 shares during the period. Blue Trust Inc. increased its holdings in shares of LiveRamp by 63.0% in the 1st quarter. Blue Trust Inc. now owns 2,558 shares of the company’s stock worth $67,000 after acquiring an additional 989 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of LiveRamp by 97.0% in the 4th quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company’s stock worth $121,000 after acquiring an additional 1,963 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of LiveRamp in the 4th quarter worth about $206,000. Finally, Polymer Capital Management US LLC acquired a new stake in shares of LiveRamp in the 4th quarter worth about $208,000. 93.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CTO Mohsin Hussain sold 17,529 shares of the firm’s stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total transaction of $578,457.00. Following the completion of the transaction, the chief technology officer owned 79,616 shares in the company, valued at approximately $2,627,328. This trade represents a 18.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Timothy R. Cadogan sold 2,500 shares of the firm’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $34.00, for a total transaction of $85,000.00. Following the transaction, the director owned 55,470 shares of the company’s stock, valued at approximately $1,885,980. This trade represents a 4.31% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.31% of the company’s stock.

LiveRamp Stock Down 2.6%

Shares of RAMP opened at $31.98 on Friday. The firm has a 50-day moving average price of $32.60 and a 200 day moving average price of $30.28. The firm has a market capitalization of $2.08 billion, a PE ratio of -3,198.00 and a beta of 1.00. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $36.08.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Wednesday, May 21st. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). LiveRamp had a negative net margin of 0.11% and a positive return on equity of 1.33%. The business had revenue of $188.72 million for the quarter, compared to the consensus estimate of $185.41 million. During the same quarter last year, the business posted $0.25 EPS. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on RAMP shares. Benchmark reaffirmed a “buy” rating and issued a $48.00 price objective (up previously from $45.00) on shares of LiveRamp in a report on Thursday, May 22nd. Wall Street Zen raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 22nd. Wells Fargo & Company increased their target price on shares of LiveRamp from $26.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday, May 22nd. Evercore ISI reiterated an “underperform” rating on shares of LiveRamp in a research report on Wednesday, April 16th. Finally, Morgan Stanley increased their target price on shares of LiveRamp from $28.00 to $34.00 and gave the company an “equal weight” rating in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.29.

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.