Liftoff Mobile (NASDAQ:LFTO) Upgraded by Cantor Fitzgerald to “Strong-Buy” Rating

Liftoff Mobile (NASDAQ:LFTO) was upgraded by research analysts at Cantor Fitzgerald to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

LFTO has been the subject of a number of other reports. Wolfe Research assumed coverage on Liftoff Mobile in a research note on Monday. They set a “peer perform” rating for the company. UBS Group began coverage on Liftoff Mobile in a report on Monday. They set a “buy” rating and a $38.00 target price on the stock. William Blair started coverage on Liftoff Mobile in a research report on Monday. They set an “outperform” rating for the company. BTIG Research began coverage on Liftoff Mobile in a research note on Monday. They issued a “buy” rating and a $35.00 price target for the company. Finally, Jefferies Financial Group initiated coverage on shares of Liftoff Mobile in a research report on Monday. They issued a “buy” rating and a $34.00 price target on the stock. Four research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $35.17.

Liftoff Mobile Price Performance

LFTO opened at $25.47 on Monday. Liftoff Mobile has a 52 week low of $23.08 and a 52 week high of $30.10.

Insider Activity at Liftoff Mobile

In other news, Director Atlantic Genpar L.P. General acquired 1,304,347 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average price of $23.00 per share, for a total transaction of $29,999,981.00. Following the transaction, the director directly owned 25,315,646 shares in the company, valued at approximately $582,259,858. This represents a 5.43% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.