Federated Hermes Inc. Sells 344,789 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Federated Hermes Inc. lessened its stake in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 45.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 415,447 shares of the company’s stock after selling 344,789 shares during the period. Federated Hermes Inc. owned approximately 0.63% of LiveRamp worth $15,737,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. raised its stake in shares of LiveRamp by 62.9% in the fourth quarter. Pacer Advisors Inc. now owns 1,908 shares of the company’s stock valued at $72,000 after acquiring an additional 737 shares during the period. NJ State Employees Deferred Compensation Plan bought a new stake in LiveRamp in the third quarter worth about $202,000. Jump Financial LLC bought a new stake in LiveRamp in the third quarter worth about $243,000. Everence Capital Management Inc. purchased a new position in shares of LiveRamp during the third quarter valued at approximately $302,000. Finally, Victory Capital Management Inc. grew its stake in shares of LiveRamp by 12.4% during the third quarter. Victory Capital Management Inc. now owns 12,086 shares of the company’s stock valued at $349,000 after buying an additional 1,329 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Timothy R. Cadogan sold 1,500 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $37.00, for a total transaction of $55,500.00. Following the transaction, the director now owns 51,016 shares in the company, valued at $1,887,592. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.93% of the company’s stock.

LiveRamp Stock Performance

RAMP stock opened at $32.42 on Tuesday. The firm has a 50-day simple moving average of $34.50 and a two-hundred day simple moving average of $34.56. LiveRamp Holdings, Inc. has a one year low of $22.52 and a one year high of $42.66. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of -147.36 and a beta of 1.00.

LiveRamp (NYSE:RAMP) last announced its earnings results on Thursday, February 8th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.05. The company had revenue of $173.87 million during the quarter, compared to the consensus estimate of $174.00 million. LiveRamp had a negative net margin of 2.22% and a positive return on equity of 1.57%. As a group, equities analysts predict that LiveRamp Holdings, Inc. will post 0.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. StockNews.com upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 16th. Benchmark reissued a “buy” rating and set a $51.00 target price on shares of LiveRamp in a research note on Monday, March 4th. Susquehanna raised their price target on shares of LiveRamp from $45.00 to $50.00 and gave the stock a “positive” rating in a research note on Friday, February 9th. Finally, Craig Hallum lifted their target price on LiveRamp from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $47.75.

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.