Connor Clark & Lunn Investment Management Ltd. Raises Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Connor Clark & Lunn Investment Management Ltd. boosted its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 55.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 355,131 shares of the company’s stock after purchasing an additional 126,527 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in LiveRamp were worth $8,800,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RAMP. Boston Partners boosted its position in shares of LiveRamp by 182.3% in the first quarter. Boston Partners now owns 851,397 shares of the company’s stock valued at $29,226,000 after acquiring an additional 549,846 shares during the period. Fort Washington Investment Advisors Inc. OH bought a new position in shares of LiveRamp during the 2nd quarter valued at $13,214,000. Assenagon Asset Management S.A. increased its holdings in shares of LiveRamp by 111.4% in the third quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock worth $13,857,000 after buying an additional 294,743 shares during the period. Millennium Management LLC lifted its stake in shares of LiveRamp by 143.8% in the 2nd quarter. Millennium Management LLC now owns 395,619 shares of the company’s stock valued at $12,240,000 after acquiring an additional 233,329 shares during the last quarter. Finally, EVR Research LP purchased a new stake in LiveRamp during the 2nd quarter valued at about $5,879,000. Institutional investors own 93.83% of the company’s stock.

LiveRamp Price Performance

RAMP opened at $30.39 on Friday. The firm has a market cap of $1.98 billion, a P/E ratio of 607.92 and a beta of 0.96. The company has a 50 day simple moving average of $25.72 and a two-hundred day simple moving average of $28.05. LiveRamp Holdings, Inc. has a 1-year low of $21.45 and a 1-year high of $42.66.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.14. The firm had revenue of $185.00 million during the quarter, compared to analyst estimates of $176.16 million. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 earnings per share. Equities analysts anticipate that LiveRamp Holdings, Inc. will post 0.37 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on RAMP shares. Craig Hallum decreased their price target on LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Evercore ISI decreased their target price on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Macquarie reissued an “outperform” rating and set a $43.00 price target on shares of LiveRamp in a research report on Thursday, November 7th. Benchmark decreased their price objective on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, Wells Fargo & Company began coverage on LiveRamp in a report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price objective for the company. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $41.14.

Insider Buying and Selling

In related news, Director Debora B. Tomlin sold 9,765 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $25.07, for a total transaction of $244,808.55. Following the completion of the transaction, the director now owns 24,509 shares in the company, valued at $614,440.63. The trade was a 28.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kimberly Bloomston sold 4,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $25.17, for a total value of $100,680.00. Following the sale, the insider now owns 117,247 shares in the company, valued at $2,951,106.99. The trade was a 3.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,538 shares of company stock valued at $495,471 in the last ninety days. 3.39% of the stock is owned by company 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.