Jackson Creek Investment Advisors LLC Invests $407,000 in LiveRamp Holdings, Inc. $RAMP

Jackson Creek Investment Advisors LLC purchased a new position in LiveRamp Holdings, Inc. (NYSE:RAMP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,848 shares of the company’s stock, valued at approximately $407,000.

Several other hedge funds have also recently modified their holdings of RAMP. Boston Partners lifted its position in shares of LiveRamp by 56.6% in the 3rd quarter. Boston Partners now owns 1,269,623 shares of the company’s stock worth $34,746,000 after purchasing an additional 459,094 shares during the period. 4D Advisors LLC purchased a new stake in shares of LiveRamp in the 3rd quarter worth approximately $5,428,000. Invenomic Capital Management LP lifted its position in shares of LiveRamp by 61.4% in the 3rd quarter. Invenomic Capital Management LP now owns 469,766 shares of the company’s stock worth $12,749,000 after purchasing an additional 178,799 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its position in shares of 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 worth $42,034,000 after purchasing an additional 145,745 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in LiveRamp in the second quarter worth about $4,435,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Trading Down 0.4%

Shares of NYSE:RAMP opened at $37.54 on Friday. LiveRamp Holdings, Inc. has a twelve month low of $21.71 and a twelve month high of $37.91. The company’s 50 day moving average is $29.71 and its 200 day moving average is $28.29. The company has a market cap of $2.26 billion, a PE ratio of 16.46 and a beta of 1.19.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Sunday, May 17th. The company reported $0.52 earnings per share for the quarter, topping 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 company had revenue of $206.09 million for the quarter, compared to the consensus estimate of $205.49 million. During the same quarter in the prior year, the company earned $0.30 EPS. LiveRamp’s quarterly revenue was up 9.2% on a year-over-year basis. Equities research analysts predict that LiveRamp Holdings, Inc. will post 2.07 earnings per share for the current fiscal year.

LiveRamp declared that its Board of Directors has authorized a stock buyback program on Thursday, February 12th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 13.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages have commented on RAMP. Craig Hallum downgraded shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 target price for the company. in a report on Tuesday, May 19th. Weiss Ratings upgraded shares of LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. Morgan Stanley set a $38.50 target price on shares of LiveRamp in a report on Friday, May 22nd. Evercore began coverage on shares of LiveRamp in a report on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 target price for the company. Finally, Wells Fargo & Company boosted their target price on shares of LiveRamp from $34.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average 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.