Mackenzie Financial Corp Increases Stock Holdings in LiveRamp Holdings, Inc. (NYSE:RAMP)

Mackenzie Financial Corp grew its position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Free Report) by 44.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 117,821 shares of the company's stock after buying an additional 36,360 shares during the quarter. Mackenzie Financial Corp owned 0.18% of LiveRamp worth $3,578,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. acquired a new position in shares of LiveRamp during the fourth quarter worth about $38,000. Quarry LP increased its stake in shares of LiveRamp by 344.4% during the fourth quarter. Quarry LP now owns 1,462 shares of the company's stock worth $44,000 after acquiring an additional 1,133 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of LiveRamp by 477.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock worth $49,000 after acquiring an additional 1,332 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of LiveRamp by 101.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company's stock worth $62,000 after acquiring an additional 1,027 shares during the period. Finally, KBC Group NV increased its stake in shares of LiveRamp by 57.0% during the fourth quarter. KBC Group NV now owns 3,457 shares of the company's stock worth $105,000 after acquiring an additional 1,255 shares during the period. Institutional investors and hedge funds own 93.83% of the company's stock.

Insider Transactions at LiveRamp

In other news, CTO Mohsin Hussain sold 17,529 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $33.00, for a total value of $578,457.00. Following the completion of the transaction, the chief technology officer now directly owns 79,616 shares of the company's stock, valued at $2,627,328. The trade was a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.39% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Wells Fargo & Company raised 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. Morgan Stanley raised their price target on LiveRamp from $28.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Wall Street Zen raised LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Benchmark reissued a "buy" rating and issued a $48.00 price target (up from $45.00) on shares of LiveRamp in a report on Thursday, May 22nd. Finally, Evercore ISI reissued an "underperform" rating on shares of LiveRamp in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $40.67.

LiveRamp Stock Performance

RAMP stock traded down $0.04 during midday trading on Friday, hitting $32.59. 590,092 shares of the stock were exchanged, compared to its average volume of 632,701. The stock's 50-day moving average price is $27.33 and its 200-day moving average price is $29.62. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 3,259.00 and a beta of 1.02. LiveRamp Holdings, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $36.08.

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 the consensus estimate of $0.31 by ($0.01). The firm had revenue of $188.72 million for the quarter, compared to analyst estimates of $185.41 million. LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 earnings per share. Research analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

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.