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 firm's stock in a transaction on 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 sale, the director owned 55,470 shares in the company, valued at $1,885,980. The trade was a 4.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

LiveRamp Stock Performance

LiveRamp stock traded down $1.35 during midday trading on Friday, hitting $32.13. 350,350 shares of the company's stock were exchanged, compared to its average volume of 612,206. LiveRamp Holdings, Inc. has a 12-month low of $21.45 and a 12-month high of $36.08. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of -3,213.00 and a beta of 1.01. The firm's 50 day simple moving average is $31.44 and its 200 day simple moving average is $30.00.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.30 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $185.41 million. During the same period in the previous year, the business posted $0.25 earnings per share. The company's revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities research analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Analysts Set New Price Targets

RAMP has been the topic of a number of analyst reports. Benchmark restated a "buy" rating and issued a $48.00 price objective (up from $45.00) on shares of LiveRamp in a report on Thursday, May 22nd. DA Davidson initiated coverage on shares of LiveRamp in a research note on Wednesday. They set a "buy" rating and a $45.00 price target on the stock. Morgan Stanley lifted their price target on shares of LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. 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 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $41.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio purchased a new position in LiveRamp during the 1st quarter worth $31,000. Quarry LP boosted its holdings in shares of LiveRamp by 344.4% in the fourth quarter. Quarry LP now owns 1,462 shares of the company's stock valued at $44,000 after acquiring an additional 1,133 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of 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 in the last quarter. State of Wyoming purchased a new stake in shares of LiveRamp in the first quarter valued at about $49,000. Finally, Blue Trust Inc. boosted its holdings in shares of LiveRamp by 63.0% in the first quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock valued at $67,000 after acquiring an additional 989 shares in the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

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.