Carolina Wealth Advisors LLC Sells 15,255 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Carolina Wealth Advisors LLC reduced its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 59.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,353 shares of the company's stock after selling 15,255 shares during the quarter. Carolina Wealth Advisors LLC's holdings in LiveRamp were worth $271,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. acquired a new stake in shares of LiveRamp in the fourth quarter valued at about $38,000. Quarry LP raised its stake in shares of LiveRamp by 344.4% in the fourth quarter. Quarry LP now owns 1,462 shares of the company's stock worth $44,000 after acquiring an additional 1,133 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of LiveRamp by 477.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock valued at $49,000 after acquiring an additional 1,332 shares during the period. Parkside Financial Bank & Trust boosted its stake in LiveRamp by 101.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company's stock valued at $62,000 after acquiring an additional 1,027 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings 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 buying an additional 989 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

LiveRamp Price Performance

Shares of RAMP traded up $0.08 during trading hours on Tuesday, hitting $33.12. 417,742 shares of the stock were exchanged, compared to its average volume of 612,997. The firm has a market capitalization of $2.15 billion, a P/E ratio of -3,312.20 and a beta of 1.01. LiveRamp Holdings, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $36.08. The business has a 50-day moving average of $30.20 and a 200-day moving average of $29.85.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $188.72 million during the quarter, compared to the consensus estimate of $185.41 million. During the same period last year, the business posted $0.25 earnings per share. The business's revenue was up 9.8% on a year-over-year basis. As a group, analysts forecast that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Activity

In other LiveRamp news, CTO Mohsin Hussain sold 17,529 shares of LiveRamp stock in a transaction 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 of the company's stock, 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 document filed with the SEC, which is accessible through this hyperlink. 3.39% of the stock is owned by insiders.

Analyst Ratings Changes

RAMP has been the topic of several research reports. Benchmark reaffirmed a "buy" rating and issued a $48.00 price objective (up from $45.00) on shares of LiveRamp in a research report on Thursday, May 22nd. Evercore ISI reissued an "underperform" rating on shares of LiveRamp in a report on Wednesday, April 16th. Wall Street Zen raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Wells Fargo & Company increased 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, Morgan Stanley increased their target price on LiveRamp from $28.00 to $34.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $40.67.

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.