LiveRamp Holdings, Inc. (NYSE:RAMP) Short Interest Up 20.1% in April


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LiveRamp Holdings, Inc. (NYSE:RAMP) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 2,210,000 shares, a growth of 20.1% from the March 31st total of 1,840,000 shares. Approximately 3.4% of the company’s stock are short sold. Based on an average daily volume of 799,000 shares, the short-interest ratio is currently 2.8 days.

Shares of NYSE:RAMP traded down $0.64 during trading on Tuesday, reaching $48.25. The stock had a trading volume of 612,110 shares, compared to its average volume of 749,336. The stock has a fifty day simple moving average of $51.39 and a two-hundred day simple moving average of $64.60. LiveRamp has a 52 week low of $35.01 and a 52 week high of $87.38. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of -36.45 and a beta of 1.28.

LiveRamp (NYSE:RAMP) last posted its earnings results on Sunday, February 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.07. The business had revenue of $120.00 million for the quarter, compared to analyst estimates of $113.10 million. LiveRamp had a negative net margin of 21.33% and a negative return on equity of 7.60%. LiveRamp’s revenue was up 17.6% compared to the same quarter last year. During the same period last year, the business posted ($0.03) EPS. On average, equities analysts expect that LiveRamp will post -1.48 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisory Research Inc. acquired a new position in shares of LiveRamp in the 4th quarter valued at $1,491,000. Meridian Management Co. grew its holdings in shares of LiveRamp by 54.6% during the fourth quarter. Meridian Management Co. now owns 7,668 shares of the company’s stock worth $561,000 after purchasing an additional 2,709 shares during the last quarter. NewSquare Capital LLC acquired a new stake in shares of LiveRamp in the fourth quarter valued at $2,473,000. King Luther Capital Management Corp raised its holdings in shares of LiveRamp by 1.6% in the fourth quarter. King Luther Capital Management Corp now owns 337,519 shares of the company’s stock valued at $24,703,000 after buying an additional 5,257 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its position in LiveRamp by 19.5% during the 4th quarter. William Blair Investment Management LLC now owns 3,155,880 shares of the company’s stock worth $230,979,000 after buying an additional 514,428 shares in the last quarter. Institutional investors and hedge funds own 97.12% of the company’s stock.

Several analysts recently commented on RAMP shares. Needham & Company LLC raised their price target on shares of LiveRamp from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, February 9th. Evercore ISI boosted their price target on shares of LiveRamp from $85.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, January 13th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $65.00 price target (down from $80.00) on shares of LiveRamp in a research note on Wednesday, March 10th. Morgan Stanley lifted their price objective on LiveRamp from $85.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, February 9th. Finally, Wells Fargo & Company upped their target price on LiveRamp from $87.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, January 28th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $85.90.

About LiveRamp

LiveRamp Holdings, Inc, a technology company, provides enterprise data connectivity platform solutions in the United States, Europe, and the Asia-Pacific. The company offers IdentityLink, a true people-based identifier that provides onboarding, identity resolution, data network, and measurement and analytics solutions.

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