Connor Clark & Lunn Investment Management Ltd. Acquires New Position in LiveRamp Holdings, Inc. $RAMP

Key Points

• Connor Clark & Lunn Investment Management acquired 151,253 LiveRamp shares worth approximately $5.7 million, while institutional investors and hedge funds collectively own 93.83% of the company.
• LiveRamp reported quarterly earnings of $0.65 per share, beating estimates by $0.07, while revenue rose 9.9% year over year to $213.99 million.
• Shares opened at $37.77, near their 12-month high of $38.23. Analysts maintain a generally cautious stance, with an average “Hold” rating and a $40.21 price target.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 151,253 shares of the company's stock, valued at approximately $5,693,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.25% of LiveRamp at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in LiveRamp in the second quarter valued at about $454,000. Ieq Capital LLC purchased a new stake in shares of LiveRamp during the 2nd quarter worth approximately $900,000. First National Bank of Omaha purchased a new stake in shares of LiveRamp during the 2nd quarter worth approximately $628,000. Nuance Investments LLC acquired a new stake in shares of LiveRamp in the 2nd quarter worth approximately $3,033,000. Finally, NINE MASTS CAPITAL Ltd acquired a new stake in shares of LiveRamp in the 2nd quarter worth approximately $537,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

LiveRamp Price Performance

RAMP opened at $37.77 on Friday. LiveRamp Holdings, Inc. has a 12 month low of $21.71 and a 12 month high of $38.23. The business has a 50-day moving average of $37.74 and a two-hundred day moving average of $32.78. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 15.48 and a beta of 1.29.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.07. LiveRamp had a return on equity of 9.77% and a net margin of 18.71%.The firm had revenue of $213.99 million for the quarter, compared to analysts' expectations of $211.45 million. During the same quarter last year, the firm earned $0.44 earnings per share. The firm's revenue for the quarter was up 9.9% compared to the same quarter last year. Equities research analysts anticipate that LiveRamp Holdings, Inc. will post 2.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Craig Hallum cut LiveRamp from a "buy" rating to a "hold" rating and set a $38.50 price objective for the company. in a report on Tuesday, May 19th. DA Davidson reiterated a "neutral" rating on shares of LiveRamp in a research report on Tuesday, August 11th. Morgan Stanley set a $38.50 target price on LiveRamp in a report on Friday, May 22nd. Finally, Weiss Ratings upgraded LiveRamp from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, LiveRamp currently has an average rating of "Hold" and an average price target of $40.21.

LiveRamp Profile

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company's core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp's platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.

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