Liftoff Mobile (NASDAQ:LFTO) Stock Gets Price Target Trim from Cantor Fitzgerald

Liftoff Mobile (NASDAQ:LFTO) had its target price cut by Cantor Fitzgerald from $32.00 to $22.00 in a research report sent to investors on Monday morning, Marketbeat Ratings reports. They currently have an overweight rating on the stock.

LFTO has been the topic of several other reports. Barclays started coverage on Liftoff Mobile in a report on Monday, June 29th. They set an “overweight” rating and a $34.00 target price on the stock. Piper Sandler began coverage on Liftoff Mobile in a research note on Tuesday, September 22nd. They issued a “neutral” rating and a $19.00 price target for the company. Cannonball Research upgraded Liftoff Mobile to a “hold” rating in a research report on Saturday, September 5th. Freedom Broker upgraded Liftoff Mobile to a “hold” rating in a research report on Thursday, September 10th. Finally, Wells Fargo & Company lifted their price objective on Liftoff Mobile from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.33.

Liftoff Mobile Stock Down 0.6%

LFTO stock opened at $16.49 on Monday. The company’s fifty day simple moving average is $17.49. Liftoff Mobile has a 52-week low of $15.02 and a 52-week high of $30.10.

Liftoff Mobile (NASDAQ:LFTO) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.49. The business had revenue of $219.51 million for the quarter. On average, research analysts predict that Liftoff Mobile will post 0.74 EPS for the current year.

Hedge Funds Weigh In On Liftoff Mobile

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

Liftoff Mobile Company Profile

Liftoff Mobile, Inc is a global mobile app growth and monetization company that helps advertisers acquire, engage and retain users. Its technology uses machine learning, first-party data and automated optimization to support performance marketing campaigns across mobile applications and digital channels.

The company provides solutions for app advertisers, including user acquisition, retargeting, creative production and campaign measurement. Liftoff also serves publishers and app developers through advertising monetization products, helping them sell in-app inventory and generate revenue from their audiences.