Hillsdale Investment Management Inc. Grows Holdings in LiveRamp Holdings, Inc. $RAMP

Hillsdale Investment Management Inc. raised its stake in LiveRamp Holdings, Inc. (NYSE:RAMP) by 10.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 218,670 shares of the company’s stock after buying an additional 20,460 shares during the period. Hillsdale Investment Management Inc.’s holdings in LiveRamp were worth $5,935,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new position in LiveRamp in the second quarter worth $31,000. Strs Ohio bought a new stake in LiveRamp during the first quarter worth about $31,000. Parkside Financial Bank & Trust boosted its holdings in shares of LiveRamp by 18.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 3,080 shares of the company’s stock worth $84,000 after purchasing an additional 487 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of LiveRamp by 14.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,602 shares of the company’s stock valued at $179,000 after purchasing an additional 809 shares during the last quarter. Finally, Heritage Family Offices LLP purchased a new position in shares of LiveRamp during the 3rd quarter valued at about $206,000. 93.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RAMP. Zacks Research downgraded LiveRamp from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Cross Research set a $53.00 price objective on shares of LiveRamp in a report on Tuesday, November 4th. Benchmark cut their price objective on shares of LiveRamp from $53.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. DA Davidson decreased their target price on shares of LiveRamp from $45.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Finally, Wells Fargo & Company boosted their price target on shares of LiveRamp from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $39.40.

LiveRamp Stock Up 1.2%

Shares of NYSE RAMP opened at $25.61 on Friday. LiveRamp Holdings, Inc. has a 52 week low of $21.71 and a 52 week high of $35.20. The firm’s fifty day moving average is $26.48 and its 200 day moving average is $27.46. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 24.16 and a beta of 1.13.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. The business had revenue of $212.20 million during the quarter, compared to analysts’ expectations of $211.68 million. LiveRamp had a net margin of 8.64% and a return on equity of 6.40%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 EPS. Equities research analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

LiveRamp declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 12th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 13.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

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.