Federated Hermes Inc. Sells 9,574 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Federated Hermes Inc. decreased its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 400,683 shares of the company’s stock after selling 9,574 shares during the period. Federated Hermes Inc. owned approximately 0.60% of LiveRamp worth $12,397,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Ashton Thomas Private Wealth LLC bought a new position in shares of LiveRamp in the 2nd quarter valued at $149,000. Quest Partners LLC increased its stake in shares of LiveRamp by 68.8% in the 2nd quarter. Quest Partners LLC now owns 2,998 shares of the company’s stock valued at $93,000 after purchasing an additional 1,222 shares during the last quarter. Arizona State Retirement System increased its stake in shares of LiveRamp by 2.9% in the 2nd quarter. Arizona State Retirement System now owns 18,528 shares of the company’s stock valued at $573,000 after purchasing an additional 523 shares during the last quarter. Versor Investments LP increased its stake in shares of LiveRamp by 26.4% in the 2nd quarter. Versor Investments LP now owns 12,910 shares of the company’s stock valued at $399,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new position in shares of LiveRamp in the 2nd quarter valued at $161,000. Institutional investors own 93.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Morgan Stanley decreased their price target on LiveRamp from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, May 23rd. Craig Hallum reduced their price objective on LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Benchmark restated a “buy” rating and set a $56.00 price objective on shares of LiveRamp in a research report on Tuesday, August 6th. Macquarie upgraded LiveRamp to a “strong-buy” rating in a research report on Thursday, August 8th. Finally, Evercore ISI reduced their price objective on LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $46.80.

LiveRamp Trading Down 1.0 %

Shares of RAMP opened at $25.94 on Tuesday. The company has a market capitalization of $1.74 billion, a PE ratio of 144.11 and a beta of 0.96. LiveRamp Holdings, Inc. has a 12 month low of $21.45 and a 12 month high of $42.66. The stock’s 50-day moving average price is $27.19 and its two-hundred day moving average price is $30.64.

LiveRamp (NYSE:RAMP) last announced its earnings results on Wednesday, August 7th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. The firm had revenue of $175.96 million for the quarter, compared to the consensus estimate of $171.92 million. LiveRamp had a return on equity of 2.14% and a net margin of 0.88%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 EPS. Equities research analysts predict that LiveRamp Holdings, Inc. will post 0.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Mohsin Hussain sold 5,773 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $25.98, for a total value of $149,982.54. Following the transaction, the chief technology officer now directly owns 73,614 shares of the company’s stock, valued at approximately $1,912,491.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.39% of the company’s stock.

About LiveRamp

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.