LiveRamp Holdings, Inc. $RAMP Shares Sold by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. reduced its stake in LiveRamp Holdings, Inc. by 55.5%, selling 14,472 shares and holding 11,587 shares valued at approximately $303,000 at the end of the most recent quarter.
• Analysts have mixed views on LiveRamp, with benchmark price targets ranging from $30 to $51; the average target price is currently $40.83.
• LiveRamp's recent quarterly earnings report showed a 10.7% year-over-year revenue increase, with earnings per share of $0.44, exceeding the consensus estimate.

Fox Run Management L.L.C. lowered its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 55.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,587 shares of the company's stock after selling 14,472 shares during the quarter. Fox Run Management L.L.C.'s holdings in LiveRamp were worth $303,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RAMP. Quarry LP increased its holdings in LiveRamp by 344.4% during the 4th quarter. Quarry LP now owns 1,462 shares of the company's stock worth $44,000 after purchasing an additional 1,133 shares during the period. Blue Trust Inc. increased its stake in shares of LiveRamp by 63.0% during the first quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock worth $67,000 after buying an additional 989 shares during the period. Russell Investments Group Ltd. increased its stake in shares of LiveRamp by 97.0% during the fourth quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company's stock worth $121,000 after buying an additional 1,963 shares during the period. Raymond James Financial Inc. acquired a new stake in LiveRamp in the fourth quarter valued at approximately $206,000. Finally, Summit Investment Advisors Inc. lifted its stake in LiveRamp by 7.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,906 shares of the company's stock worth $210,000 after acquiring an additional 462 shares during the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Timothy R. Cadogan sold 2,500 shares of the company's stock in a transaction dated 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 directly owned 55,470 shares of the company's stock, valued at approximately $1,885,980. This represents 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 hyperlink. Also, CTO Mohsin Hussain sold 17,529 shares of the firm's 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 transaction, the chief technology officer directly owned 79,616 shares in the company, valued at approximately $2,627,328. This represents a 18.04% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RAMP. Zacks Research downgraded shares of LiveRamp from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. DA Davidson initiated coverage on shares of LiveRamp in a research note on Wednesday, July 9th. They set a "buy" rating and a $45.00 target price for the company. Benchmark restated a "buy" rating and issued a $51.00 price target (up from $48.00) on shares of LiveRamp in a research note on Tuesday, August 5th. Morgan Stanley decreased their price target on LiveRamp from $34.00 to $30.00 and set an "equal weight" rating for the company in a report on Tuesday, August 12th. Finally, Wells Fargo & Company increased their price objective on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $40.83.

LiveRamp Stock Performance

NYSE RAMP traded down $0.4250 during trading hours on Monday, hitting $27.4850. The company had a trading volume of 874,030 shares, compared to its average volume of 689,288. The business has a 50 day moving average of $31.09 and a 200-day moving average of $29.58. The company has a market cap of $1.80 billion, a PE ratio of 124.94 and a beta of 1.00. LiveRamp Holdings, Inc. has a 1-year low of $22.82 and a 1-year high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. LiveRamp had a return on equity of 2.21% and a net margin of 1.89%.The company had revenue of $194.82 million during the quarter, compared to analysts' expectations of $191.22 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. The firm's revenue for the quarter was up 10.7% on a year-over-year basis. Sell-side analysts expect that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

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.