Federated Hermes Inc. Cuts 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 holdings in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 3.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 421,871 shares of the company's stock after selling 15,105 shares during the period. Federated Hermes Inc. owned approximately 0.64% of LiveRamp worth $11,028,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of RAMP. Raymond James Financial Inc. purchased a new position in LiveRamp in the fourth quarter valued at approximately $206,000. American Century Companies Inc. raised its holdings in LiveRamp by 112.4% in the fourth quarter. American Century Companies Inc. now owns 52,170 shares of the company's stock valued at $1,584,000 after buying an additional 27,607 shares during the period. KLP Kapitalforvaltning AS purchased a new position in LiveRamp in the fourth quarter valued at approximately $392,000. LPL Financial LLC purchased a new position in LiveRamp in the fourth quarter valued at approximately $321,000. Finally, Vanguard Group Inc. raised its holdings in LiveRamp by 1.4% in 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 during the period. Hedge funds and other institutional investors own 93.83% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on RAMP. Wall Street Zen upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Morgan Stanley lifted their price objective on shares of LiveRamp from $28.00 to $34.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Benchmark reiterated a "buy" rating and set a $48.00 price objective (up previously from $45.00) on shares of LiveRamp in a research note 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 note on Thursday, May 22nd. Finally, DA Davidson began coverage on shares of LiveRamp in a research note on Wednesday, July 9th. They set a "buy" rating and a $45.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, LiveRamp currently has an average rating of "Moderate Buy" and an average price target of $41.29.

Insiders Place Their Bets

In related news, Director Timothy R. Cadogan sold 2,500 shares of LiveRamp stock in a transaction on Monday, July 7th. The shares were sold at an average price of $34.00, for a total value of $85,000.00. Following the completion of the sale, the director owned 55,470 shares in the company, valued at approximately $1,885,980. The trade was a 4.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Mohsin Hussain sold 17,529 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total transaction of $578,457.00. Following the sale, the chief technology officer 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 insiders.

LiveRamp Trading Down 2.6%

Shares of NYSE:RAMP opened at $31.98 on Friday. The company has a fifty day simple moving average of $32.60 and a 200 day simple moving average of $30.28. The firm has a market cap of $2.08 billion, a PE ratio of -3,198.00 and a beta of 1.00. LiveRamp Holdings, Inc. has a 12-month low of $21.45 and a 12-month 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.01). The company had revenue of $188.72 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS. As a group, equities research analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

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.

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