LiveRamp Holdings, Inc. (NYSE:RAMP – Get Free Report) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 1,430,000 shares, a drop of 23.5% from the December 15th total of 1,870,000 shares. Currently, 2.3% of the company’s shares are short sold. Based on an average daily volume of 469,700 shares, the days-to-cover ratio is presently 3.0 days.
LiveRamp Stock Up 2.8 %
RAMP opened at $38.36 on Friday. LiveRamp has a twelve month low of $20.25 and a twelve month high of $38.78. The company has a fifty day simple moving average of $34.82 and a 200 day simple moving average of $31.23.
LiveRamp (NYSE:RAMP – Get Free Report) last announced its earnings results on Wednesday, November 8th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.12. The business had revenue of $159.87 million for the quarter, compared to analyst estimates of $152.33 million. LiveRamp had a negative return on equity of 0.95% and a negative net margin of 9.30%. Equities research analysts forecast that LiveRamp will post 0.55 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on RAMP shares. Morgan Stanley boosted their target price on LiveRamp from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. Susquehanna raised their target price on shares of LiveRamp from $35.00 to $45.00 and gave the company a “positive” rating in a research note on Thursday, November 9th. Benchmark reaffirmed a “buy” rating and set a $37.00 price target on shares of LiveRamp in a research report on Tuesday, November 7th. Finally, StockNews.com upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 6th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $37.60.
Institutional Trading of LiveRamp
Several institutional investors have recently added to or reduced their stakes in RAMP. Advisor Group Holdings Inc. raised its stake in LiveRamp by 14.3% during the first quarter. Advisor Group Holdings Inc. now owns 3,029 shares of the company’s stock valued at $113,000 after buying an additional 378 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of LiveRamp by 10.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,084 shares of the company’s stock valued at $117,000 after acquiring an additional 399 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of LiveRamp by 52.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,694 shares of the company’s stock valued at $48,000 after acquiring an additional 583 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in LiveRamp by 3.7% during the third quarter. State Board of Administration of Florida Retirement System now owns 18,789 shares of the company’s stock worth $542,000 after purchasing an additional 670 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in LiveRamp by 16.9% in the third quarter. Public Employees Retirement System of Ohio now owns 4,695 shares of the company’s stock worth $85,000 after purchasing an additional 678 shares during the period. 90.50% of the stock is owned by institutional investors and hedge funds.
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.