Janney Montgomery Scott LLC Invests $780,000 in LiveRamp Holdings, Inc. (NYSE:RAMP)

Janney Montgomery Scott LLC purchased a new position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 31,468 shares of the company’s stock, valued at approximately $780,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. DT Investment Partners LLC acquired a new stake in shares of LiveRamp in the second quarter valued at $27,000. Quarry LP raised its stake in shares of LiveRamp by 4,575.0% in the second quarter. Quarry LP now owns 935 shares of the company’s stock valued at $29,000 after acquiring an additional 915 shares in the last quarter. Blue Trust Inc. raised its stake in shares of LiveRamp by 187.1% in the second quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock valued at $33,000 after acquiring an additional 694 shares in the last quarter. Covestor Ltd raised its stake in shares of LiveRamp by 44.9% in the first quarter. Covestor Ltd now owns 2,131 shares of the company’s stock valued at $73,000 after acquiring an additional 660 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of LiveRamp in the first quarter valued at $87,000. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other LiveRamp news, insider Kimberly Bloomston sold 4,000 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $25.17, for a total value of $100,680.00. Following the completion of the transaction, the insider now directly owns 117,247 shares in the company, valued at approximately $2,951,106.99. The trade was a 3.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Mohsin Hussain sold 5,773 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $25.98, for a total value of $149,982.54. Following the completion of the transaction, the chief technology officer now owns 73,614 shares of the company’s stock, valued at $1,912,491.72. This trade represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 19,538 shares of company stock worth $495,471. Company insiders own 3.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on RAMP shares. Evercore ISI cut their price target on LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Craig Hallum cut their price target on LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Macquarie restated an “outperform” rating and issued a $43.00 price target on shares of LiveRamp in a research note on Thursday, November 7th. Wells Fargo & Company assumed coverage on LiveRamp in a report on Monday, October 28th. They set an “equal weight” rating and a $25.00 price objective on the stock. Finally, Benchmark dropped their price objective on LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $41.14.

LiveRamp Stock Down 2.0 %

NYSE RAMP opened at $27.89 on Monday. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $42.66. The business’s 50-day moving average price is $25.38 and its 200 day moving average price is $28.08. The firm has a market cap of $1.82 billion, a P/E ratio of 557.91 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.14. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The company had revenue of $185.00 million for the quarter, compared to analyst estimates of $176.16 million. During the same quarter in the previous year, the company earned $0.21 EPS. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. As a group, analysts anticipate that LiveRamp Holdings, Inc. will post 0.37 earnings per share for the current year.

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.