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

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RAMP. Empowered Funds LLC bought a new stake in shares of LiveRamp during the fourth quarter valued at approximately $220,000. Rhumbline Advisers raised its position in shares of LiveRamp by 1.3% during the fourth quarter. Rhumbline Advisers now owns 185,383 shares of the company's stock valued at $5,630,000 after buying an additional 2,419 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of LiveRamp by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 369,436 shares of the company's stock valued at $11,220,000 after buying an additional 10,931 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of LiveRamp by 23.6% during the fourth quarter. Handelsbanken Fonder AB now owns 16,767 shares of the company's stock valued at $509,000 after buying an additional 3,200 shares during the last quarter. Finally, First Horizon Advisors Inc. bought a new stake in shares of LiveRamp during the fourth quarter valued at approximately $38,000. Institutional investors own 93.83% of the company's stock.

LiveRamp Trading Up 1.2%

Shares of RAMP stock traded up $0.36 on Friday, reaching $30.48. The company's stock had a trading volume of 772,677 shares, compared to its average volume of 625,482. The stock's fifty day simple moving average is $29.29 and its 200-day simple moving average is $29.83. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $36.08. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of -3,047.90 and a beta of 1.01.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $188.72 million for the quarter, compared to analysts' expectations of $185.41 million. LiveRamp had a positive return on equity of 1.33% and a negative net margin of 0.11%. The firm's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 earnings per share. Equities research analysts forecast that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Benchmark reiterated a "buy" rating and set a $48.00 price objective (up previously from $45.00) on shares of LiveRamp in a research report on Thursday, May 22nd. Wells Fargo & Company lifted their price objective 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. Morgan Stanley raised their target price on shares of LiveRamp from $28.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Finally, Evercore ISI reissued an "underperform" rating on shares of LiveRamp in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $40.67.

Insider Activity

In related news, CTO Mohsin Hussain sold 17,529 shares of LiveRamp stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $33.00, for a total value of $578,457.00. Following the completion of the sale, the chief technology officer now directly owns 79,616 shares in the company, valued at $2,627,328. The trade was a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.39% of the company's stock.

LiveRamp 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.