Janney Montgomery Scott LLC Sells 18,001 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Janney Montgomery Scott LLC reduced its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 43.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,204 shares of the company's stock after selling 18,001 shares during the quarter. Janney Montgomery Scott LLC's holdings in LiveRamp were worth $607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of RAMP. Parkside Financial Bank & Trust lifted its holdings 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 period. US Bancorp DE lifted its holdings in LiveRamp by 872.2% in the fourth quarter. US Bancorp DE now owns 8,244 shares of the company's stock valued at $250,000 after acquiring an additional 7,396 shares during the period. Smartleaf Asset Management LLC lifted its holdings in LiveRamp by 477.4% in 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. Bailard Inc. lifted its holdings in LiveRamp by 27.9% in the fourth quarter. Bailard Inc. now owns 11,000 shares of the company's stock valued at $334,000 after acquiring an additional 2,400 shares during the period. Finally, NJ State Employees Deferred Compensation Plan bought a new position in LiveRamp in the fourth quarter valued at about $213,000. 93.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on RAMP shares. Wells Fargo & Company raised their price objective on LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. Wall Street Zen raised LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Benchmark reaffirmed a "buy" rating and issued a $48.00 price objective (up previously from $45.00) on shares of LiveRamp in a research note on Thursday, May 22nd. Morgan Stanley raised their price objective on LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. Finally, Evercore ISI reaffirmed an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, LiveRamp currently has an average rating of "Moderate Buy" and an average price target of $40.67.

Insiders Place Their Bets

In other news, CTO Mohsin Hussain sold 17,529 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was 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 $2,627,328. This trade represents a 18.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.31% of the stock is owned by corporate insiders.

LiveRamp Stock Up 1.6%

NYSE RAMP traded up $0.52 during trading on Friday, hitting $33.55. 283,470 shares of the stock traded hands, compared to its average volume of 613,705. The company has a market capitalization of $2.18 billion, a P/E ratio of -3,355.00 and a beta of 1.01. The firm has a 50-day simple moving average of $30.77 and a 200-day simple moving average of $29.91. LiveRamp Holdings, Inc. has a 12-month low of $21.45 and a 12-month high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $188.72 million for the quarter, compared to analysts' expectations of $185.41 million. LiveRamp had a negative net margin of 0.11% and a positive return on equity of 1.33%. The business's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. As a group, research analysts predict that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

LiveRamp 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.