LiveRamp Holdings, Inc. (NYSE:RAMP) Short Interest Update

LiveRamp Holdings, Inc. (NYSE:RAMP) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 1,870,000 shares, a decrease of 15.8% from the April 15th total of 2,220,000 shares. Currently, 2.9% of the shares of the company are short sold. Based on an average daily volume of 602,800 shares, the days-to-cover ratio is presently 3.1 days.

LiveRamp Stock Performance

LiveRamp stock traded down $0.16 during midday trading on Tuesday, reaching $32.30. The stock had a trading volume of 113,355 shares, compared to its average volume of 566,122. The company has a fifty day moving average of $33.47 and a 200 day moving average of $34.95. LiveRamp has a 52-week low of $23.15 and a 52-week high of $42.66.

Analysts Set New Price Targets

A number of brokerages have commented on RAMP. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 16th. Susquehanna boosted their price target on LiveRamp from $45.00 to $50.00 and gave the stock a “positive” rating in a report on Friday, February 9th. Craig Hallum raised their price objective on LiveRamp from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, Benchmark restated a “buy” rating and issued a $51.00 price target on shares of LiveRamp in a research report on Monday, March 4th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $47.75.

Institutional Trading of LiveRamp

Institutional investors and hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC purchased a new position in shares of LiveRamp during the fourth quarter worth approximately $29,000. Parkside Financial Bank & Trust boosted its holdings in shares of LiveRamp by 198.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 786 shares of the company’s stock valued at $30,000 after buying an additional 523 shares in the last quarter. Pacer Advisors Inc. boosted its stake in 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 in the last quarter. Covestor Ltd raised its stake in LiveRamp by 44.9% in the first quarter. Covestor Ltd now owns 2,131 shares of the company’s stock valued at $73,000 after buying an additional 660 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in LiveRamp during the 4th quarter worth approximately $93,000. 93.83% of the stock is currently owned by institutional investors.

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.