LiveRamp (NYSE:RAMP) Shares Down 5.2% – Time to Sell?

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

Wall Street Analyst Weigh In

RAMP has been the subject of several research analyst reports. StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Macquarie restated an “outperform” rating and issued a $43.00 price objective on shares of LiveRamp in a report on Thursday, November 7th. Benchmark reaffirmed a “buy” rating and issued a $45.00 price target on shares of LiveRamp in a report on Wednesday, February 26th. Morgan Stanley boosted their target price on shares of 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 raised their price objective on LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $39.83.

LiveRamp Stock Performance

The company has a market cap of $1.76 billion, a PE ratio of 2,683.40 and a beta of 0.96. The company’s 50-day simple moving average is $32.06 and its 200 day simple moving average is $28.79.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data 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 net margin of 0.01% and a return on equity of 0.97%. Analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Insider Buying and Selling at LiveRamp

In other news, CRO Vihan Sharma sold 39,845 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive now directly owns 110,902 shares of the company’s stock, valued at approximately $3,943,675.12. This represents a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Mohsin Hussain sold 3,554 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $33.67, for a total transaction of $119,663.18. Following the completion of the transaction, the chief technology officer now directly owns 57,594 shares in the company, valued at $1,939,189.98. This represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in LiveRamp in the third quarter valued at $1,187,000. Royce & Associates LP lifted its holdings in LiveRamp by 75.6% in the 3rd quarter. Royce & Associates LP now owns 317,910 shares of the company’s stock valued at $7,878,000 after purchasing an additional 136,900 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of LiveRamp during the third quarter worth about $439,000. Robeco Institutional Asset Management B.V. raised its position in shares of LiveRamp by 353.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 66,911 shares of the company’s stock valued at $1,658,000 after buying an additional 52,166 shares during the last quarter. Finally, American Capital Management Inc. grew its stake in LiveRamp by 46.7% in the 3rd quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock worth $71,312,000 after acquiring an additional 916,578 shares during the period. 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.