Yousif Capital Management LLC Sells 543 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Yousif Capital Management LLC decreased its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 2.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,346 shares of the company’s stock after selling 543 shares during the quarter. Yousif Capital Management LLC’s holdings in LiveRamp were worth $636,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of RAMP. First Horizon Advisors Inc. acquired a new stake in shares of LiveRamp in the fourth quarter valued at approximately $38,000. Quarry LP grew its holdings in shares of LiveRamp by 344.4% during the 4th quarter. Quarry LP now owns 1,462 shares of the company’s stock worth $44,000 after purchasing an additional 1,133 shares in the last quarter. Smartleaf Asset Management LLC increased its position 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 worth $49,000 after purchasing an additional 1,332 shares during the period. Parkside Financial Bank & Trust raised 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 purchasing an additional 1,027 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in LiveRamp by 97.0% in the fourth quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company’s stock valued at $121,000 after purchasing an additional 1,963 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, CTO Mohsin Hussain sold 17,529 shares of LiveRamp 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 transaction, the chief technology officer now directly owns 79,616 shares of the company’s stock, valued at $2,627,328. The trade was a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.39% of the company’s stock.

LiveRamp Stock Performance

Shares of RAMP opened at $30.48 on Friday. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of -3,047.90 and a beta of 1.01. LiveRamp Holdings, Inc. has a 52 week low of $21.45 and a 52 week high of $36.08. The stock has a fifty day moving average of $29.29 and a 200-day moving average of $29.85.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Wednesday, May 21st. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). LiveRamp had a negative net margin of 0.11% and a positive return on equity of 1.33%. The firm had revenue of $188.72 million for the quarter, compared to analyst estimates of $185.41 million. During the same period in the previous year, the business posted $0.25 earnings per share. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, equities analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current 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.