Jackson Creek Investment Advisors LLC Purchases New Position in LiveRamp Holdings, Inc. (NYSE:RAMP)

Jackson Creek Investment Advisors LLC acquired a new position in shares of LiveRamp Holdings, Inc. (NYSE:RAMP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 27,410 shares of the company’s stock, valued at approximately $1,038,000.

Several other institutional investors have also modified their holdings of the stock. Fuller & Thaler Asset Management Inc. purchased a new stake in LiveRamp in the 3rd quarter valued at $12,742,000. Jennison Associates LLC purchased a new stake in shares of LiveRamp in the fourth quarter valued at about $13,775,000. Vanguard Group Inc. boosted its stake in shares of LiveRamp by 3.8% during the third quarter. Vanguard Group Inc. now owns 8,139,409 shares of the company’s stock worth $234,741,000 after buying an additional 296,586 shares during the period. Banque Pictet & Cie SA acquired a new stake in shares of LiveRamp during the third quarter worth about $3,951,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of LiveRamp during the third quarter worth about $3,497,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Insider Activity

In related news, Director Timothy R. Cadogan sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $37.00, for a total transaction of $55,500.00. Following the transaction, the director now owns 51,016 shares of the company’s stock, valued at $1,887,592. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.93% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on RAMP. Susquehanna increased their price objective on LiveRamp from $45.00 to $50.00 and gave the stock a “positive” rating in a research report on Friday, February 9th. Benchmark reiterated a “buy” rating and issued a $51.00 price objective on shares of LiveRamp in a research report on Monday, March 4th. Craig Hallum upped their price objective on shares of LiveRamp from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 16th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $47.75.

LiveRamp Stock Performance

RAMP traded down $0.83 on Tuesday, hitting $32.11. 695,940 shares of the company were exchanged, compared to its average volume of 592,675. The business’s fifty day moving average is $34.09 and its 200 day moving average is $34.67. The firm has a market capitalization of $2.10 billion, a P/E ratio of -145.95 and a beta of 1.00. LiveRamp Holdings, Inc. has a fifty-two week low of $23.10 and a fifty-two week high of $42.66.

LiveRamp (NYSE:RAMP) last posted its earnings results on Thursday, February 8th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.05. The firm had revenue of $173.87 million during the quarter, compared to the consensus estimate of $174.00 million. LiveRamp had a negative net margin of 2.22% and a positive return on equity of 1.57%. Analysts forecast that LiveRamp Holdings, Inc. will post 0.64 EPS for the current fiscal year.

About LiveRamp

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.