Hillsdale Investment Management Inc. Has $7.45 Million Holdings in LiveRamp Holdings, Inc. $RAMP

Hillsdale Investment Management Inc. raised its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 16.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 253,670 shares of the company’s stock after acquiring an additional 35,000 shares during the quarter. Hillsdale Investment Management Inc. owned about 0.40% of LiveRamp worth $7,450,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RAMP. Boston Partners increased its position in LiveRamp by 56.6% in the 3rd quarter. Boston Partners now owns 1,269,623 shares of the company’s stock valued at $34,746,000 after acquiring an additional 459,094 shares in the last quarter. 4D Advisors LLC acquired a new stake in LiveRamp in the 3rd quarter valued at about $5,428,000. Invenomic Capital Management LP increased its position in LiveRamp by 61.4% in the 3rd quarter. Invenomic Capital Management LP now owns 469,766 shares of the company’s stock valued at $12,749,000 after acquiring an additional 178,799 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in LiveRamp by 11.3% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,431,189 shares of the company’s stock valued at $42,034,000 after acquiring an additional 145,745 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in LiveRamp in the 2nd quarter valued at about $4,435,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on RAMP shares. Benchmark lowered their price objective on shares of LiveRamp from $53.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Evercore started coverage on shares of LiveRamp in a research report on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 price objective for the company. Weiss Ratings upgraded shares of LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. Wells Fargo & Company raised their price objective on shares of LiveRamp from $34.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. Finally, DA Davidson cut shares of LiveRamp from a “buy” rating to a “neutral” rating and raised their price objective for the company from $35.00 to $38.50 in a research report on Monday, May 18th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $40.21.

LiveRamp Trading Up 0.0%

Shares of NYSE RAMP opened at $37.60 on Friday. The firm has a market capitalization of $2.26 billion, a PE ratio of 16.49 and a beta of 1.19. LiveRamp Holdings, Inc. has a 1 year low of $21.71 and a 1 year high of $37.91. The firm’s 50-day moving average is $29.91 and its 200-day moving average is $28.36.

LiveRamp (NYSE:RAMP) last issued its earnings results on Sunday, May 17th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $206.09 million for the quarter, compared to analyst estimates of $205.49 million. LiveRamp had a net margin of 17.95% and a return on equity of 8.28%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. As a group, equities research analysts anticipate that LiveRamp Holdings, Inc. will post 2.07 earnings per share for the current fiscal year.

LiveRamp declared that its board has authorized a stock repurchase program on Thursday, February 12th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 13.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

LiveRamp Company 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.