Liftoff Mobile (NASDAQ:LFTO) Given New $27.00 Price Target at BTIG Research

Liftoff Mobile (NASDAQ:LFTO) had its target price dropped by equities research analysts at BTIG Research from $35.00 to $27.00 in a report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. BTIG Research’s price target points to a potential upside of 67.18% from the stock’s current price.

Other analysts also recently issued reports about the company. Raymond James Financial reissued an “outperform” rating and issued a $33.00 price objective on shares of Liftoff Mobile in a research note on Thursday, August 13th. Weiss Ratings raised Liftoff Mobile from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, September 28th. Freedom Broker upgraded Liftoff Mobile to a “hold” rating in a report on Thursday, September 10th. Cantor Fitzgerald lowered their price target on Liftoff Mobile from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday, August 13th. Finally, Barclays began coverage on Liftoff Mobile in a research note on Monday, June 29th. They set an “overweight” rating and a $34.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Liftoff Mobile presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.07.

Liftoff Mobile Trading Up 2.1%

NASDAQ:LFTO opened at $16.15 on Friday. Liftoff Mobile has a one year low of $15.02 and a one year high of $30.10. The company has a market capitalization of $2.73 billion and a P/E ratio of -538.33. The stock’s 50-day simple moving average is $18.95.

Liftoff Mobile (NASDAQ:LFTO) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.52) by $0.49. The business had revenue of $219.51 million during the quarter. As a group, equities research analysts predict that Liftoff Mobile will post 0.74 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. HBK Investments L P bought a new position in shares of Liftoff Mobile during the 2nd quarter worth $6,155,000. Parkside Financial Bank & Trust bought a new stake in Liftoff Mobile in the 2nd quarter valued at about $30,000. Readystate Asset Management LP purchased a new stake in Liftoff Mobile during the second quarter valued at about $1,677,000. Alyeska Investment Group L.P. purchased a new stake in Liftoff Mobile during the second quarter valued at about $14,412,000. Finally, Wellington Management Group LLP purchased a new stake in Liftoff Mobile during the second quarter valued at about $4,433,000.

Liftoff Mobile Company Profile

Liftoff Mobile, Inc is a mobile technology company that provides marketing, advertising and monetization solutions for app developers, advertisers and publishers. Its platform helps businesses acquire and retain mobile users through programmatic advertising, audience targeting, retargeting and campaign optimization.

The company offers tools designed to support the mobile app lifecycle, including user-acquisition campaigns, creative development and testing, influencer marketing, and in-app advertising monetization.