Mackenzie Financial Corp Raises Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Mackenzie Financial Corp increased its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 10.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,209 shares of the company’s stock after acquiring an additional 3,280 shares during the period. Mackenzie Financial Corp owned approximately 0.05% of LiveRamp worth $1,058,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. DT Investment Partners LLC purchased a new position in shares of LiveRamp during the second quarter valued at approximately $27,000. Blue Trust Inc. increased its position in LiveRamp by 187.1% during the 2nd quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock valued at $33,000 after buying an additional 694 shares in the last quarter. Covestor Ltd raised its stake in LiveRamp by 44.9% during 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. DekaBank Deutsche Girozentrale bought a new stake in LiveRamp in the first quarter worth $87,000. Finally, Quest Partners LLC grew its stake in shares of LiveRamp by 68.8% in the second quarter. Quest Partners LLC now owns 2,998 shares of the company’s stock worth $93,000 after acquiring an additional 1,222 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RAMP. Evercore ISI lowered their price target on LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. StockNews.com downgraded shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 16th. Craig Hallum reduced their price target on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Macquarie upgraded shares of LiveRamp to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Benchmark reiterated a “buy” rating and set a $56.00 target price on shares of LiveRamp in a research note on Tuesday, August 6th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $46.80.

LiveRamp Price Performance

Shares of RAMP opened at $23.93 on Friday. LiveRamp Holdings, Inc. has a one year low of $21.45 and a one year high of $42.66. The business has a fifty day moving average of $25.66 and a 200 day moving average of $29.92. The firm has a market capitalization of $1.60 billion, a P/E ratio of 132.94 and a beta of 0.96.

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

Insider Transactions at LiveRamp

In other news, CTO Mohsin Hussain sold 5,773 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $25.98, for a total value of $149,982.54. Following the completion of the sale, the chief technology officer now directly owns 73,614 shares in the company, valued at approximately $1,912,491.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other LiveRamp news, CTO Mohsin Hussain sold 5,773 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $25.98, for a total value of $149,982.54. Following the completion of the transaction, the chief technology officer now directly owns 73,614 shares in the company, valued at $1,912,491.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kimberly Bloomston sold 4,000 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $25.17, for a total transaction of $100,680.00. Following the completion of the sale, the insider now directly owns 117,247 shares of the company’s stock, valued at $2,951,106.99. The disclosure for this sale can be found here. Insiders have sold 19,538 shares of company stock worth $495,471 in the last 90 days. 3.39% of the stock is currently owned by insiders.

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.