Liftoff Mobile (NASDAQ:LFTO) Stock Rating Upgraded by Barclays

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

A number of other equities research analysts also recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Liftoff Mobile in a research report on Monday. They issued an “overweight” rating and a $32.00 target price for the company. Needham & Company LLC started coverage on Liftoff Mobile in a research report on Monday. They set a “buy” rating and a $42.00 price objective for the company. Cantor Fitzgerald began coverage on Liftoff Mobile in a research report on Monday. They issued an “overweight” rating and a $33.00 target price on the stock. Royal Bank Of Canada assumed coverage on Liftoff Mobile in a report on Monday. They set an “outperform” rating and a $35.00 price target for the company. Finally, Jefferies Financial Group started coverage on Liftoff Mobile in a report on Monday. They issued a “buy” rating and a $34.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.17.

Liftoff Mobile Stock Down 5.7%

Shares of NASDAQ LFTO opened at $24.02 on Monday. Liftoff Mobile has a one year low of $23.08 and a one year high of $30.10.

Insiders Place Their Bets

In other news, Director Atlantic Genpar L.P. General bought 1,304,347 shares of the business’s stock in a transaction on Friday, June 5th. The stock was purchased at an average price of $23.00 per share, with a total value 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. The trade was a 5.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.