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

Hillsdale Investment Management Inc. raised its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) by 12.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 284,750 shares of the company’s stock after purchasing an additional 31,080 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in LiveRamp were worth $7,552,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Headlands Technologies LLC bought a new position in LiveRamp in the 2nd quarter worth about $31,000. Sound Income Strategies LLC raised its stake in shares of LiveRamp by 769.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock worth $28,000 after acquiring an additional 946 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of LiveRamp by 197.0% in the 4th quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock worth $32,000 after purchasing an additional 727 shares in the last quarter. Strs Ohio acquired a new stake in LiveRamp in the first quarter worth about $31,000. Finally, EverSource Wealth Advisors LLC boosted its stake in LiveRamp by 63.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock worth $44,000 after purchasing an additional 583 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Morgan Stanley set a $38.50 price target on LiveRamp in a research note on Friday, May 22nd. Evercore initiated coverage on shares of LiveRamp in a research report on Tuesday, March 24th. They set an “outperform” rating and a $37.00 price target on the stock. Weiss Ratings cut LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Craig Hallum downgraded shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target for the company. in a research report on Tuesday, May 19th. Finally, DA Davidson downgraded LiveRamp from a “buy” rating to a “neutral” rating and increased their price objective for the company from $35.00 to $38.50 in a research note on Monday, May 18th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $40.21.

LiveRamp Stock Performance

Shares of LiveRamp stock opened at $37.84 on Tuesday. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 16.59 and a beta of 1.27. LiveRamp Holdings, Inc. has a fifty-two week low of $21.71 and a fifty-two week high of $37.98. The stock has a 50 day moving average of $36.16 and a 200 day moving average of $30.14.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Monday, May 18th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. LiveRamp had a net margin of 17.95% and a return on equity of 8.28%. The firm had revenue of $206.09 million for the quarter, compared to analyst estimates of $205.49 million. During the same period in the previous year, the firm earned $0.30 EPS. LiveRamp’s revenue was up 9.2% on a year-over-year basis. Analysts forecast that LiveRamp Holdings, Inc. will post 2.07 EPS for the current year.

About LiveRamp

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.