Mackenzie Financial Corp Buys 25,479 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP)

Key Points

• Mackenzie Financial Corp has increased its stake in LiveRamp Holdings, Inc. by 21.6%, now owning 143,300 shares valued at approximately $3.75 million.
• LiveRamp's recent earnings report showed a quarterly revenue of $188.72 million, exceeding analysts' expectations, while earnings per share fell short, reporting $0.30.
• Wall Street analysts have mixed ratings on LiveRamp, with a consensus target price of $41.29, and several firms recently upgraded their ratings on the stock.

Mackenzie Financial Corp lifted its holdings in LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 21.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,300 shares of the company's stock after buying an additional 25,479 shares during the period. Mackenzie Financial Corp owned approximately 0.22% of LiveRamp worth $3,746,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Quarry LP increased its holdings in shares of LiveRamp by 344.4% in the fourth quarter. Quarry LP now owns 1,462 shares of the company's stock valued at $44,000 after buying an additional 1,133 shares in the last quarter. Blue Trust Inc. increased its position in shares of LiveRamp by 63.0% in the first quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock valued at $67,000 after acquiring an additional 989 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of LiveRamp by 97.0% during the 4th quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company's stock worth $121,000 after purchasing an additional 1,963 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of LiveRamp during the fourth quarter valued at about $206,000. Finally, Polymer Capital Management US LLC bought a new stake in LiveRamp in the fourth quarter worth approximately $208,000. Hedge funds and other institutional investors own 93.83% of the company's stock.

Analysts Set New Price Targets

RAMP has been the topic of a number of research analyst reports. Morgan Stanley increased their price objective on shares of LiveRamp from $28.00 to $34.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Wells Fargo & Company boosted their price target on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Wall Street Zen upgraded LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. DA Davidson assumed coverage on shares of LiveRamp in a report on Wednesday, July 9th. They issued a "buy" rating and a $45.00 price target on the stock. Finally, Evercore ISI reiterated an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $41.71.

LiveRamp Price Performance

Shares of RAMP stock traded up $0.34 during trading hours on Wednesday, hitting $32.39. The stock had a trading volume of 115,575 shares, compared to its average volume of 546,647. The stock's 50 day moving average is $32.63 and its 200 day moving average is $30.28. LiveRamp Holdings, Inc. has a twelve month low of $21.45 and a twelve month high of $36.08. The firm has a market capitalization of $2.11 billion, a PE ratio of -3,239.00 and a beta of 1.00.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). LiveRamp had a positive return on equity of 1.33% and a negative net margin of 0.11%. The firm had revenue of $188.72 million for the quarter, compared to analysts' expectations of $185.41 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The company's revenue for the quarter was up 9.8% on a year-over-year basis. As a group, equities analysts predict that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Insider Activity

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

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.