Jefferies Financial Group Inc. Acquires 16,910 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Key Points

• Jefferies Financial Group Inc. increased its stake in LiveRamp Holdings by 211.4%, acquiring an additional 16,910 shares, bringing its total to 24,910 shares valued at approximately $651,000.
• LiveRamp's stock is currently down 1.6%, with a market capitalization of $2.08 billion, a 52-week range of $21.45 to $36.08, and reported earnings of $0.30 per share, missing estimates by $0.01.
• An analysis shows that several brokerages have given LiveRamp a "Moderate Buy" rating with an average target price of $41.71, indicating a positive outlook despite recent insider sales and earnings miss.

Jefferies Financial Group Inc. raised its position in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 211.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,910 shares of the company's stock after purchasing an additional 16,910 shares during the period. Jefferies Financial Group Inc.'s holdings in LiveRamp were worth $651,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in LiveRamp during the 4th quarter worth $206,000. American Century Companies Inc. lifted its holdings in shares of LiveRamp by 112.4% during the 4th quarter. American Century Companies Inc. now owns 52,170 shares of the company's stock valued at $1,584,000 after purchasing an additional 27,607 shares in the last quarter. LPL Financial LLC bought a new position in shares of LiveRamp during the 4th quarter valued at about $321,000. JPMorgan Chase & Co. grew its position in shares of LiveRamp by 12.6% in the 4th quarter. JPMorgan Chase & Co. now owns 810,917 shares of the company's stock valued at $24,628,000 after purchasing an additional 90,878 shares during the period. Finally, Norges Bank bought a new stake in LiveRamp during the 4th quarter worth approximately $5,057,000. Institutional investors and hedge funds own 93.83% of the company's stock.

Analyst Ratings Changes

RAMP has been the topic of a number of research analyst reports. Benchmark restated a "buy" rating and set a $51.00 price objective (up from $48.00) on shares of LiveRamp in a report on Tuesday. Evercore ISI reaffirmed an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. DA Davidson started coverage on shares of LiveRamp in a research report on Wednesday, July 9th. They issued a "buy" rating and a $45.00 target price for the company. Wall Street Zen upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company raised their price target on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $41.71.

LiveRamp Stock Performance

RAMP traded up $0.51 on Wednesday, reaching $32.56. The company had a trading volume of 475,052 shares, compared to its average volume of 358,564. The stock has a market cap of $2.12 billion, a P/E ratio of -3,255.90 and a beta of 1.00. LiveRamp Holdings, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $36.08. The company's fifty day moving average is $32.63 and its 200 day moving average is $30.28.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.01). LiveRamp had a positive return on equity of 1.33% and a negative net margin of 0.11%. The firm had revenue of $188.72 million for the quarter, compared to the consensus estimate of $185.41 million. During the same quarter last year, the business posted $0.25 EPS. LiveRamp's revenue for the quarter was up 9.8% on a year-over-year basis. On average, sell-side analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Insider Buying and Selling

In other news, CTO Mohsin Hussain sold 17,529 shares of LiveRamp stock in a transaction that occurred on 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 in the company, valued at approximately $2,627,328. The trade was a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy R. Cadogan sold 2,500 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $34.00, for a total value of $85,000.00. Following the transaction, the director owned 55,470 shares in the company, valued at approximately $1,885,980. This trade represents a 4.31% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.31% of the company's stock.

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.