LiveRamp Holdings, Inc. (NYSE:RAMP) Sees Significant Increase in Short Interest

LiveRamp Holdings, Inc. (NYSE:RAMP) saw a significant growth in short interest during the month of 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 volume of 541,100 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.3% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RAMP. Morgan Stanley lifted their target price on shares of LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Macquarie restated an “outperform” rating and set a $43.00 target price on shares of LiveRamp in a research note on Thursday, November 7th. StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. Wells Fargo & Company began coverage on shares of LiveRamp in a research note on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price on the stock. Finally, Evercore ISI lifted their target price on shares of LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.33.

LiveRamp Price Performance

Shares of LiveRamp stock traded down $0.40 during trading hours on Monday, reaching $33.64. The company’s stock had a trading volume of 293,926 shares, compared to its average volume of 531,757. The firm has a 50 day moving average price of $32.15 and a 200-day moving average price of $28.24. LiveRamp has a one year low of $21.45 and a one year high of $38.00. The stock has a market cap of $2.21 billion, a P/E ratio of 3,364.00 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates 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, sell-side analysts forecast that LiveRamp will post 0.36 EPS for the current fiscal year.

Insider Transactions at LiveRamp

In other news, CRO Vihan Sharma sold 39,845 shares of LiveRamp stock in a transaction on Monday, February 10th. The shares were sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the transaction, the executive now owns 110,902 shares in the company, valued at $3,943,675.12. This trade represents a 26.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.39% of the company’s stock.

Institutional Trading of LiveRamp

A number of large investors have recently made changes to their positions in RAMP. Sanctuary Advisors LLC bought a new stake in shares of LiveRamp in the 2nd quarter worth about $391,000. Creative Planning purchased a new position in shares of LiveRamp during the 3rd quarter worth about $365,000. Blue Trust Inc. boosted its stake in shares of LiveRamp by 668.9% during the 3rd quarter. Blue Trust Inc. now owns 8,189 shares of the company’s stock worth $203,000 after purchasing an additional 7,124 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of LiveRamp by 18.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 45,102 shares of the company’s stock worth $1,118,000 after purchasing an additional 6,873 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of 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 purchasing an additional 294,743 shares during the period. 93.83% of the stock is currently owned by 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.