13,848 Shares in LiveRamp Holdings, Inc. $RAMP Acquired by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC purchased a new position in LiveRamp Holdings, Inc. (NYSE:RAMP) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 13,848 shares of the company’s stock, valued at approximately $407,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Royce & Associates LP grew its stake in shares of LiveRamp by 5.5% during the 4th quarter. Royce & Associates LP now owns 247,655 shares of the company’s stock worth $7,274,000 after purchasing an additional 12,905 shares during the period. Clearstead Advisors LLC grew its stake in shares of LiveRamp by 58.7% during the 4th quarter. Clearstead Advisors LLC now owns 2,128 shares of the company’s stock worth $62,000 after purchasing an additional 787 shares during the period. Hantz Financial Services Inc. grew its position in LiveRamp by 197.0% during the fourth quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock valued at $32,000 after buying an additional 727 shares during the period. EverSource Wealth Advisors LLC grew its position in LiveRamp by 63.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock valued at $44,000 after buying an additional 583 shares during the period. Finally, Legato Capital Management LLC acquired a new stake in LiveRamp during the fourth quarter valued at $285,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Price Performance

Shares of NYSE:RAMP opened at $37.54 on Friday. LiveRamp Holdings, Inc. has a 1 year low of $21.71 and a 1 year high of $37.91. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 16.46 and a beta of 1.19. The business’s 50 day moving average price is $29.71 and its 200-day moving average price is $28.29.

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

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. DA Davidson lowered shares of LiveRamp from a “buy” rating to a “neutral” rating and raised their price target for the company from $35.00 to $38.50 in a research report on Monday, May 18th. Weiss Ratings upgraded shares of LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. Benchmark dropped their price target on shares of LiveRamp from $53.00 to $38.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Evercore assumed 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. Finally, Morgan Stanley set a $38.50 price target on shares of LiveRamp in a research report on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $40.21.

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.