Timothy R. Cadogan Sells 2,500 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) Stock

LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) 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 value of $85,000.00. Following the transaction, the director owned 55,470 shares in the company, valued at $1,885,980. This represents a 4.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

LiveRamp Price Performance

Shares of LiveRamp stock traded down $0.72 during trading on Thursday, hitting $33.48. The company's stock had a trading volume of 53,256 shares, compared to its average volume of 575,241. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $36.08. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of -3,348.00 and a beta of 1.01. The stock has a 50-day moving average price of $31.18 and a two-hundred day moving average price of $29.98.

LiveRamp (NYSE:RAMP - Get Free Report) last issued 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). The business had revenue of $188.72 million during the quarter, compared to the consensus estimate of $185.41 million. LiveRamp had a positive return on equity of 1.33% and a negative net margin of 0.11%. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 EPS. On average, equities analysts predict that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Analyst Ratings Changes

RAMP has been the topic of several recent analyst reports. Wall Street Zen raised LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. 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. Evercore ISI reaffirmed an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. Benchmark reiterated a "buy" rating and set a $48.00 target price (up previously from $45.00) on shares of LiveRamp in a report on Thursday, May 22nd. Finally, DA Davidson assumed coverage on shares of LiveRamp in a research note on Wednesday. They issued a "buy" rating and a $45.00 target price for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, LiveRamp presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.29.

Hedge Funds Weigh In On LiveRamp

Several institutional investors have recently made changes to their positions in the stock. Boston Partners lifted its holdings in LiveRamp by 109.4% during the fourth quarter. Boston Partners now owns 690,057 shares of the company's stock worth $21,331,000 after acquiring an additional 360,440 shares during the period. Pacer Advisors Inc. lifted its holdings in LiveRamp by 9,007.8% during the first quarter. Pacer Advisors Inc. now owns 344,822 shares of the company's stock worth $9,014,000 after acquiring an additional 341,036 shares during the period. Vanguard Group Inc. lifted its holdings in LiveRamp by 3.2% during the first quarter. Vanguard Group Inc. now owns 9,131,290 shares of the company's stock worth $238,692,000 after acquiring an additional 283,747 shares during the period. Nuveen LLC bought a new stake in LiveRamp during the first quarter worth $6,123,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in LiveRamp by 30.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 984,040 shares of the company's stock worth $29,885,000 after acquiring an additional 230,478 shares during the period. Institutional investors and hedge funds own 93.83% 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.