Hillsdale Investment Management Inc. Increases Stake in LiveRamp Holdings, Inc. (NYSE:RAMP)

Hillsdale Investment Management Inc. increased its position in LiveRamp Holdings, Inc. (NYSE:RAMP) by 0.9% in the 4th quarter, HoldingsChannel reports. The fund owned 150,280 shares of the company’s stock after purchasing an additional 1,400 shares during the period. Hillsdale Investment Management Inc.’s holdings in LiveRamp were worth $4,564,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. American Capital Management Inc. boosted its stake in LiveRamp by 46.7% in the 3rd quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock worth $71,312,000 after purchasing an additional 916,578 shares during the period. Tributary Capital Management LLC bought a new position in LiveRamp in the 4th quarter worth about $15,251,000. Boston Partners boosted its stake in LiveRamp by 109.4% in the 4th quarter. Boston Partners now owns 690,057 shares of the company’s stock worth $21,331,000 after purchasing an additional 360,440 shares during the period. Invenomic Capital Management LP boosted its stake in LiveRamp by 257.7% in the 3rd quarter. Invenomic Capital Management LP now owns 337,574 shares of the company’s stock worth $8,365,000 after purchasing an additional 243,198 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in LiveRamp by 451.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 248,573 shares of the company’s stock worth $7,522,000 after purchasing an additional 203,471 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Trading Up 0.1 %

Shares of RAMP opened at $27.17 on Friday. The company has a market cap of $1.79 billion, a PE ratio of 2,716.70 and a beta of 0.96. The stock has a 50-day moving average price of $31.18 and a 200-day moving average price of $28.87. LiveRamp Holdings, Inc. has a 12-month low of $21.45 and a 12-month high of $38.00.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. As a group, analysts predict that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on RAMP shares. StockNews.com upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. Morgan Stanley raised their target price on LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Benchmark restated a “buy” rating and issued a $45.00 target price on shares of LiveRamp in a research note on Wednesday, February 26th. Finally, Evercore ISI raised their target price on LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, LiveRamp has a consensus rating of “Moderate Buy” and a consensus price target of $39.83.

Insider Activity at LiveRamp

In related news, CTO Mohsin Hussain sold 3,554 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $33.67, for a total transaction of $119,663.18. Following the transaction, the chief technology officer now directly owns 57,594 shares of the company’s stock, valued at approximately $1,939,189.98. This trade represents a 5.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CRO Vihan Sharma sold 39,845 shares of LiveRamp stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $35.56, for a total value of $1,416,888.20. Following the completion of the transaction, the executive now directly owns 110,902 shares in the company, valued at $3,943,675.12. This trade represents a 26.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by 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.