Jefferies Financial Group Inc. Purchases 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. grew its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 211.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 24,910 shares of the company's stock after buying an additional 16,910 shares during the period. Jefferies Financial Group Inc.'s holdings in LiveRamp were worth $651,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in LiveRamp by 2.9% in the first quarter. Principal Financial Group Inc. now owns 380,060 shares of the company's stock valued at $9,935,000 after buying an additional 10,624 shares in the last quarter. Blue Trust Inc. boosted its position in 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 acquiring an additional 989 shares during the last quarter. SG Americas Securities LLC acquired a new stake in LiveRamp during the first quarter worth approximately $543,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in LiveRamp by 4.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,557 shares of the company's stock worth $1,141,000 after acquiring an additional 1,766 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of LiveRamp by 97.0% in the 4th quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company's stock valued at $121,000 after purchasing an additional 1,963 shares during the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RAMP has been the topic of a number of research reports. DA Davidson initiated coverage on shares of LiveRamp in a research note on Wednesday, July 9th. They issued a "buy" rating and a $45.00 target price on the stock. Wells Fargo & Company lifted their price target on shares of LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. Evercore ISI reissued an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. Morgan Stanley boosted their target price on shares of LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Finally, Benchmark reaffirmed a "buy" rating and issued a $51.00 price target (up from $48.00) on shares of LiveRamp in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, LiveRamp currently has a consensus rating of "Moderate Buy" and an average price target of $41.50.

Insider Transactions at LiveRamp

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

LiveRamp Stock Performance

Shares of NYSE RAMP traded down $1.27 during midday trading on Friday, hitting $26.53. The company's stock had a trading volume of 1,380,487 shares, compared to its average volume of 428,811. The firm's fifty day moving average price is $32.41 and its 200-day moving average price is $30.22. The firm has a market cap of $1.74 billion, a P/E ratio of 120.58 and a beta of 1.00. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. The firm had revenue of $194.82 million during the quarter, compared to analyst estimates of $191.22 million. LiveRamp had a net margin of 1.89% and a return on equity of 2.21%. LiveRamp's revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 EPS. As a group, research analysts predict 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.