Raymond James Financial Inc. Takes Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Raymond James Financial Inc. acquired a new position in LiveRamp Holdings, Inc. (NYSE:RAMP) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,788 shares of the company’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. First Horizon Advisors Inc. purchased a new position in LiveRamp in the 4th quarter worth approximately $38,000. Smartleaf Asset Management LLC lifted its holdings in shares of LiveRamp by 477.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock worth $49,000 after acquiring an additional 1,332 shares during the last quarter. GAMMA Investing LLC grew its position in LiveRamp by 232.2% in the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock worth $52,000 after acquiring an additional 1,189 shares in the last quarter. Parkside Financial Bank & Trust increased 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, KBC Group NV raised its position in LiveRamp by 57.0% during the fourth quarter. KBC Group NV now owns 3,457 shares of the company’s stock valued at $105,000 after purchasing an additional 1,255 shares in the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

LiveRamp Price Performance

Shares of LiveRamp stock opened at $24.98 on Friday. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $38.00. The business’s 50 day simple moving average is $28.76 and its two-hundred day simple moving average is $28.92. The stock has a market capitalization of $1.64 billion, a P/E ratio of 2,498.10 and a beta of 1.05.

LiveRamp (NYSE:RAMP) last issued its earnings results on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.22). LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. Sell-side analysts expect that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RAMP has been the subject of a number of research reports. Morgan Stanley upped their price objective on LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and issued a $45.00 target price on shares of LiveRamp in a research note on Wednesday, February 26th. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. Finally, Evercore ISI upped their price objective on shares of LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.83.

Insider Transactions at LiveRamp

In other LiveRamp news, CTO Mohsin Hussain sold 3,554 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $33.67, for a total transaction of $119,663.18. Following the completion of the transaction, the chief technology officer now owns 57,594 shares of the company’s stock, valued at $1,939,189.98. This represents a 5.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CRO Vihan Sharma sold 39,845 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $35.56, for a total value of $1,416,888.20. Following the completion of the sale, the executive now owns 110,902 shares of the company’s stock, valued at approximately $3,943,675.12. This trade represents a 26.43 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by company insiders.

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.