LiveRamp Holdings, Inc. (NYSE:RAMP) Stock Holdings Boosted by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. has increased its stake in LiveRamp Holdings by 2.3%, acquiring 11,689 shares during the first quarter, bringing its total ownership to approximately 519,875 shares valued at $13.59 million.
• Analysts have raised their price targets for LiveRamp, with Wall Street Zen upgrading its rating to "strong-buy", while DA Davidson set a target price of $45.00 for the stock.
• The stock of LiveRamp has decreased by 4.6%, currently trading at $26.53, with a market cap of $1.74 billion and recent earnings reflecting a 10.7% revenue increase year-over-year.

Connor Clark & Lunn Investment Management Ltd. increased its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 2.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 519,875 shares of the company's stock after purchasing an additional 11,689 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.79% of LiveRamp worth $13,590,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of LiveRamp by 3.2% in the first quarter. Vanguard Group Inc. now owns 9,131,290 shares of the company's stock valued at $238,692,000 after purchasing an additional 283,747 shares during the period. Dimensional Fund Advisors LP boosted its holdings in LiveRamp by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,694,801 shares of the company's stock valued at $81,843,000 after acquiring an additional 121,856 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in LiveRamp by 10.3% in the fourth quarter. Janus Henderson Group PLC now owns 1,798,198 shares of the company's stock valued at $54,600,000 after acquiring an additional 168,418 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in LiveRamp by 0.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,004,497 shares of the company's stock valued at $26,258,000 after acquiring an additional 8,537 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in LiveRamp by 27.1% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 997,402 shares of the company's stock valued at $26,072,000 after acquiring an additional 212,572 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on RAMP shares. Wall Street Zen upgraded LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Morgan Stanley reduced their target price on LiveRamp from $34.00 to $30.00 and set an "equal weight" rating on the stock in a report on Tuesday. Evercore ISI reiterated an "underperform" rating on shares of LiveRamp in a report on Wednesday, April 16th. DA Davidson assumed coverage on LiveRamp in a research note on Wednesday, July 9th. They set a "buy" rating and a $45.00 price objective on the stock. Finally, Wells Fargo & Company boosted their price objective on LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.83.

Insider Activity at LiveRamp

In other LiveRamp news, CTO Mohsin Hussain sold 17,529 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $33.00, for a total transaction of $578,457.00. Following the sale, the chief technology officer owned 79,616 shares in the company, valued at $2,627,328. This represents a 18.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Timothy R. Cadogan sold 2,500 shares of the company's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $34.00, for a total value of $85,000.00. Following the transaction, the director directly owned 55,470 shares of the company's stock, valued at $1,885,980. This trade represents a 4.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.31% of the company's stock.

LiveRamp Stock Performance

Shares of NYSE:RAMP traded down $0.36 during trading on Thursday, hitting $25.81. The company's stock had a trading volume of 836,253 shares, compared to its average volume of 570,200. The stock's 50-day moving average price is $32.01 and its two-hundred day moving average price is $30.07. LiveRamp Holdings, Inc. has a fifty-two week low of $22.82 and a fifty-two week high of $36.08. The company has a market capitalization of $1.69 billion, a PE ratio of 117.32 and a beta of 1.00.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. LiveRamp had a return on equity of 2.21% and a net margin of 1.89%. The firm had revenue of $194.82 million for the quarter, compared to analysts' expectations of $191.22 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. LiveRamp's revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities analysts predict that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

LiveRamp Company 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.