Summit Wealth & Retirement Planning Inc. Sells 2,776 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Summit Wealth & Retirement Planning Inc. trimmed its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 29.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,648 shares of the company’s stock after selling 2,776 shares during the period. Summit Wealth & Retirement Planning Inc.’s holdings in LiveRamp were worth $487,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in RAMP. FMR LLC lifted its holdings in shares of LiveRamp by 7,200.2% during the 1st quarter. FMR LLC now owns 456,701 shares of the company’s stock worth $24,923,000 after acquiring an additional 450,445 shares during the period. Pacer Advisors Inc. acquired a new position in LiveRamp during the third quarter valued at approximately $820,000. Nisa Investment Advisors LLC lifted its stake in LiveRamp by 57.1% during the third quarter. Nisa Investment Advisors LLC now owns 4,400 shares of the company’s stock worth $228,000 after purchasing an additional 1,600 shares during the last quarter. State of Michigan Retirement System boosted its holdings in shares of LiveRamp by 0.8% in the 3rd quarter. State of Michigan Retirement System now owns 23,982 shares of the company’s stock valued at $1,242,000 after purchasing an additional 200 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of LiveRamp in the 3rd quarter valued at $15,458,000. 97.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of LiveRamp stock traded down $2.61 on Tuesday, reaching $64.98. 17,212 shares of the company’s stock were exchanged, compared to its average volume of 707,939. The company has a market capitalization of $4.35 billion, a P/E ratio of -49.20 and a beta of 1.28. LiveRamp Holdings, Inc. has a 52 week low of $23.44 and a 52 week high of $87.38. The firm’s 50-day moving average is $78.34 and its two-hundred day moving average is $64.47.

LiveRamp (NYSE:RAMP) last issued its earnings results on Sunday, February 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.07. LiveRamp had a negative net margin of 21.33% and a negative return on equity of 7.60%. The business had revenue of $120.00 million for the quarter, compared to analyst estimates of $113.10 million. During the same period in the prior year, the firm earned ($0.03) earnings per share. LiveRamp’s revenue was up 17.6% on a year-over-year basis. Sell-side analysts forecast that LiveRamp Holdings, Inc. will post -1.48 earnings per share for the current fiscal year.

RAMP has been the subject of several recent analyst reports. Craig Hallum upped their price objective on LiveRamp from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, February 9th. Zacks Investment Research raised LiveRamp from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Tuesday, December 22nd. Wells Fargo & Company raised their price target on shares of LiveRamp from $87.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, January 28th. Morgan Stanley lifted their price target on shares of LiveRamp from $85.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, February 9th. Finally, Evercore ISI increased their price objective on shares of LiveRamp from $85.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, January 13th. Eleven investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of $79.92.

In other LiveRamp news, insider James F. Arra sold 9,500 shares of the business’s stock in a transaction on Monday, February 1st. The shares were sold at an average price of $76.57, for a total transaction of $727,415.00. Following the completion of the sale, the insider now owns 132,532 shares in the company, valued at approximately $10,147,975.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jerry C. Jones sold 34,868 shares of the business’s stock in a transaction on Tuesday, December 29th. The shares were sold at an average price of $73.18, for a total transaction of $2,551,640.24. Following the sale, the insider now owns 167,201 shares of the company’s stock, valued at approximately $12,235,769.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,668 shares of company stock valued at $3,302,433. 5.29% of the stock is currently owned by company insiders.

LiveRamp Company Profile

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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Institutional Ownership by Quarter for LiveRamp (NYSE:RAMP)

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