Connor Clark & Lunn Investment Management Ltd. Makes New $5.69 Million Investment in LiveRamp Holdings, Inc. $RAMP

Connor Clark & Lunn Investment Management Ltd. acquired a new position in LiveRamp Holdings, Inc. (NYSE:RAMP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 151,253 shares of the company’s stock, valued at approximately $5,693,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in LiveRamp during the 2nd quarter worth $381,301,000. Dimensional Fund Advisors LP increased its holdings in LiveRamp by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,772,213 shares of the company’s stock valued at $73,519,000 after purchasing an additional 365,894 shares in the last quarter. Schroder Investment Management Group raised its position in LiveRamp by 3.9% in the fourth quarter. Schroder Investment Management Group now owns 2,609,061 shares of the company’s stock valued at $77,750,000 after purchasing an additional 96,867 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in LiveRamp by 37.0% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,960,674 shares of the company’s stock valued at $51,997,000 after purchasing an additional 529,485 shares during the period. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in shares of LiveRamp during the fourth quarter worth about $55,256,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Wall Street Analysts Forecast Growth

RAMP has been the subject of several analyst reports. Morgan Stanley set a $38.50 target price on LiveRamp in a research report on Friday, May 22nd. Weiss Ratings raised LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. DA Davidson reissued a “neutral” rating on shares of LiveRamp in a research report on Tuesday, August 11th. Finally, Craig Hallum downgraded shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price objective for the company. in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, LiveRamp currently has an average rating of “Hold” and a consensus price target of $40.21.

LiveRamp Price Performance

LiveRamp stock 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 company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 15.48 and a beta of 1.29. The firm’s fifty day moving average price is $37.74 and its 200 day moving average price is $32.78.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data 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. The company had revenue of $213.99 million during the quarter, compared to analysts’ expectations of $211.45 million. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 EPS. Analysts forecast that LiveRamp Holdings, Inc. will post 2.04 earnings per share for the current fiscal year.

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.