Mackenzie Financial Corp Has $3.75 Million Stock Holdings in 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 grew its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 21.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 143,300 shares of the company's stock after buying an additional 25,479 shares during the quarter. 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 (SEC).

Other institutional investors also recently bought and sold shares of the company. Summit Investment Advisors Inc. grew its holdings in LiveRamp by 7.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,906 shares of the company's stock valued at $210,000 after purchasing an additional 462 shares during the last quarter. Azzad Asset Management Inc. ADV raised its holdings in LiveRamp by 3.1% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 22,870 shares of the company's stock worth $598,000 after acquiring an additional 695 shares during the period. Blue Trust Inc. raised its holdings in LiveRamp by 63.0% in the 1st quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock worth $67,000 after acquiring an additional 989 shares during the period. Quarry LP boosted its holdings in LiveRamp by 344.4% during the fourth quarter. Quarry LP now owns 1,462 shares of the company's stock valued at $44,000 after acquiring an additional 1,133 shares during the period. Finally, Summit Trail Advisors LLC grew its position in shares of LiveRamp by 1.0% in the first quarter. Summit Trail Advisors LLC now owns 117,111 shares of the company's stock valued at $3,061,000 after purchasing an additional 1,187 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors.

LiveRamp Trading Up 1.8%

RAMP stock traded up $0.56 during trading on Monday, hitting $32.56. The company had a trading volume of 323,292 shares, compared to its average volume of 550,953. The company has a fifty day moving average price of $32.60 and a two-hundred day moving average price of $30.26. LiveRamp Holdings, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $36.08. The company has a market cap of $2.12 billion, a P/E ratio of -3,256.40 and a beta of 1.00.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on RAMP shares. Morgan Stanley increased their target price on LiveRamp from $28.00 to $34.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Benchmark reiterated a "buy" rating and set a $48.00 target price (up from $45.00) on shares of LiveRamp in a research note on Thursday, May 22nd. Wells Fargo & Company upped their price objective on shares of LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. DA Davidson initiated coverage on LiveRamp in a report on Wednesday, July 9th. They set a "buy" rating and a $45.00 price objective on the stock. Finally, Evercore ISI restated an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $41.29.

Insider Transactions at LiveRamp

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

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.