Exchange Traded Concepts LLC Sells 41,349 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Exchange Traded Concepts LLC lowered its stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 58.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,844 shares of the company's stock after selling 41,349 shares during the quarter. Exchange Traded Concepts LLC's holdings in LiveRamp were worth $754,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. KLP Kapitalforvaltning AS acquired a new position in shares of LiveRamp in the fourth quarter worth about $392,000. Empowered Funds LLC purchased a new stake in shares of LiveRamp in the fourth quarter valued at $220,000. Smartleaf Asset Management LLC lifted its holdings in shares of LiveRamp by 477.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock valued at $49,000 after purchasing an additional 1,332 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of LiveRamp by 4.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,557 shares of the company's stock worth $1,141,000 after buying an additional 1,766 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of LiveRamp by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 8,847,543 shares of the company's stock valued at $268,700,000 after buying an additional 118,179 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company's stock.

Insider Transactions at LiveRamp

In related news, CTO Mohsin Hussain sold 17,529 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total value of $578,457.00. Following the transaction, the chief technology officer now directly owns 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 filing with the SEC, which is available through this link. 3.39% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

RAMP has been the subject of several research analyst reports. Wall Street Zen raised LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Wells Fargo & Company upped their target price on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Benchmark restated a "buy" rating and set a $48.00 price target (up from $45.00) on shares of LiveRamp in a report on Thursday, May 22nd. Morgan Stanley boosted their price objective 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. Finally, Evercore ISI reissued an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $40.67.

LiveRamp Price Performance

NYSE:RAMP traded up $1.60 during mid-day trading on Tuesday, reaching $32.96. The stock had a trading volume of 745,315 shares, compared to its average volume of 625,268. The stock has a market cap of $2.14 billion, a P/E ratio of -3,295.80 and a beta of 1.01. The business's 50 day moving average is $29.41 and its 200 day moving average is $29.82. LiveRamp Holdings, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates 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 in the prior year, the business posted $0.25 EPS. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. Equities analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

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.