Federated Hermes Inc. Has $13.27 Million Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Federated Hermes Inc. lowered its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 5.6% during the fourth quarter, Holdings Channel reports. The fund owned 436,976 shares of the company’s stock after selling 25,991 shares during the quarter. Federated Hermes Inc.’s holdings in LiveRamp were worth $13,271,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in RAMP. Tributary Capital Management LLC acquired a new stake in shares of LiveRamp during the fourth quarter valued at approximately $15,251,000. Boston Partners increased its stake in LiveRamp by 109.4% in the 4th quarter. Boston Partners now owns 690,057 shares of the company’s stock valued at $21,331,000 after buying an additional 360,440 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in LiveRamp by 30.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 984,040 shares of the company’s stock valued at $29,885,000 after buying an additional 230,478 shares during the period. Allspring Global Investments Holdings LLC increased its stake in LiveRamp by 451.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 248,573 shares of the company’s stock valued at $7,522,000 after buying an additional 203,471 shares during the period. Finally, Norges Bank acquired a new position in LiveRamp in the 4th quarter valued at approximately $5,057,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Trading Up 11.7 %

NYSE RAMP opened at $26.31 on Thursday. The company has a fifty day simple moving average of $29.12 and a 200 day simple moving average of $28.92. The company has a market cap of $1.73 billion, a P/E ratio of 2,631.00 and a beta of 1.05. LiveRamp Holdings, Inc. has a 1 year low of $21.45 and a 1 year high of $38.00.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.22). LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. Equities research analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Insider Buying and Selling

In other LiveRamp news, CTO Mohsin Hussain sold 3,554 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $33.67, for a total value of $119,663.18. Following the completion of the sale, the chief technology officer now directly owns 57,594 shares of the company’s stock, valued at $1,939,189.98. This represents a 5.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Vihan Sharma sold 39,845 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the completion of the sale, the executive now directly owns 110,902 shares of the company’s stock, valued at approximately $3,943,675.12. This trade represents a 26.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on RAMP shares. Morgan Stanley upped their price objective on shares of LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Benchmark reissued a “buy” rating and issued a $45.00 target price on shares of LiveRamp in a research report on Wednesday, February 26th. Finally, Evercore ISI boosted their target price on shares of LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.83.

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.