Federated Hermes Inc. Lowers Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Key Points

• Federated Hermes Inc. reduced its stake in LiveRamp Holdings by 3.5%, owning 421,871 shares worth approximately $11,028,000 after selling 15,105 shares in the 1st quarter.
• LiveRamp received positive ratings from several analysts, including a >strong-buy< rating and a price target increase, with an average forecast of $41.29.
• Insiders at LiveRamp, including Director Timothy R. Cadogan and CTO Mohsin Hussain, sold significant shares recently, indicating a decrease in ownership by 4.31% and 18.04%, respectively.

Federated Hermes Inc. decreased its stake in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 421,871 shares of the company's stock after selling 15,105 shares during the quarter. Federated Hermes Inc. owned approximately 0.64% of LiveRamp worth $11,028,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of RAMP. Raymond James Financial Inc. acquired a new stake in LiveRamp in the 4th quarter valued at $206,000. American Century Companies Inc. boosted its stake in LiveRamp by 112.4% in the fourth quarter. American Century Companies Inc. now owns 52,170 shares of the company's stock worth $1,584,000 after purchasing an additional 27,607 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in LiveRamp in the fourth quarter worth $392,000. LPL Financial LLC acquired a new position in LiveRamp in the fourth quarter worth $321,000. Finally, Vanguard Group Inc. boosted its stake in LiveRamp by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 8,847,543 shares of the company's stock worth $268,700,000 after purchasing an additional 118,179 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Morgan Stanley boosted their price objective on LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. Wall Street Zen raised LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Evercore ISI reissued an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. Benchmark reissued a "buy" rating and issued a $51.00 price objective (up previously from $48.00) on shares of LiveRamp in a research note on Tuesday. Finally, Wells Fargo & Company boosted their target price on LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, LiveRamp has a consensus rating of "Moderate Buy" and a consensus target price of $41.71.

LiveRamp Stock Up 1.0%

NYSE RAMP traded up $0.32 on Wednesday, reaching $32.37. The company had a trading volume of 106,572 shares, compared to its average volume of 546,580. The stock's 50 day moving average is $32.63 and its 200-day moving average is $30.28. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of -3,234.50 and a beta of 1.00. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported $0.30 EPS for the quarter, missing the consensus estimate 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 company had revenue of $188.72 million for the quarter, compared to analyst estimates of $185.41 million. During the same period last year, the company posted $0.25 earnings per share. The business's revenue for the quarter was up 9.8% on a year-over-year basis. As a group, analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Insider Buying and Selling

In related news, Director Timothy R. Cadogan sold 2,500 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $34.00, for a total transaction of $85,000.00. Following the sale, the director owned 55,470 shares in the company, valued at $1,885,980. The trade was a 4.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Mohsin Hussain sold 17,529 shares of the stock in a transaction dated Wednesday, May 28th. The shares were 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 directly owned 79,616 shares of the company's stock, valued at approximately $2,627,328. The trade was a 18.04% decrease in their position. The disclosure for this sale can be found here. 3.31% of the stock is currently owned by company insiders.

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.