Janney Montgomery Scott LLC Sells 13,990 Shares of LiveRamp Holdings, Inc. $RAMP

Key Points

• Janney Montgomery Scott LLC reduced its holdings in LiveRamp Holdings, Inc. (RAMP) by 60.3%, selling 13,990 shares and holding 9,214 shares worth $304,000 after the transaction.
• LiveRamp has received mixed analyst ratings, with three analysts giving it a "buy," four a "hold," and one a "sell," while the consensus target price stands at $40.83.
• The company's recent earnings report showed a 10.7% year-over-year revenue increase to $194.82 million, alongside earnings per share of $0.44, surpassing expectations.

Janney Montgomery Scott LLC decreased its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 60.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,214 shares of the company's stock after selling 13,990 shares during the quarter. Janney Montgomery Scott LLC's holdings in LiveRamp were worth $304,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in RAMP. Strs Ohio bought a new stake in LiveRamp in the first quarter valued at about $31,000. State of Wyoming acquired a new stake in LiveRamp during the first quarter valued at approximately $49,000. Blue Trust Inc. grew its stake in shares of LiveRamp by 63.0% in the 1st quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock valued at $67,000 after purchasing an additional 989 shares during the period. Jump Financial LLC acquired a new position in shares of LiveRamp in the 1st quarter worth approximately $209,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of LiveRamp during the 1st quarter worth approximately $212,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on RAMP shares. DA Davidson started coverage on LiveRamp in a research report on Wednesday, July 9th. They issued a "buy" rating and a $45.00 price target on the stock. Morgan Stanley lowered their target price on shares of LiveRamp from $34.00 to $30.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 12th. Zacks Research upgraded shares of LiveRamp from a "strong sell" rating to a "hold" rating in a research report on Friday, October 10th. Benchmark restated a "buy" rating and issued a $51.00 price target (up from $48.00) on shares of LiveRamp in a research report on Tuesday, August 5th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of LiveRamp in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $40.83.

Insider Transactions at LiveRamp

In other LiveRamp news, CTO Mohsin Hussain sold 12,734 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $27.94, for a total value of $355,787.96. Following the transaction, the chief technology officer directly owned 63,409 shares in the company, valued at approximately $1,771,647.46. This trade represents a 16.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.31% of the company's stock.

LiveRamp Stock Up 0.3%

Shares of NYSE RAMP opened at $27.32 on Monday. LiveRamp Holdings, Inc. has a 12-month low of $22.82 and a 12-month high of $36.08. The firm's 50-day simple moving average is $27.25 and its 200 day simple moving average is $29.12. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 124.16 and a beta of 0.90.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. LiveRamp had a net margin of 1.89% and a return on equity of 2.21%. The company had revenue of $194.82 million during the quarter, compared to the consensus estimate of $191.22 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The company's revenue was up 10.7% on a year-over-year basis. On average, equities analysts expect that LiveRamp Holdings, Inc. will post 0.48 earnings per share 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.

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