Freedom Capital Upgrades Liftoff Mobile (NASDAQ:LFTO) to “Buy”

Liftoff Mobile (NASDAQ:LFTO – Get Free Report) was upgraded by research analysts at Freedom Capital from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, FinViz reports. The brokerage currently has a $27.00 price objective on the stock. Freedom Capital‘s price objective indicates a potential upside of 44.31% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Cantor Fitzgerald lowered their price target on Liftoff Mobile from $32.00 to $22.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Wells Fargo & Company reduced their price objective on Liftoff Mobile from $34.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, October 28th. Freedom Broker raised Liftoff Mobile to a “hold” rating in a report on Thursday, September 10th. Piper Sandler initiated coverage on Liftoff Mobile in a report on Tuesday, September 22nd. They set a “neutral” rating and a $19.00 price objective on the stock. Finally, Wall Street Zen upgraded Liftoff Mobile from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Liftoff Mobile currently has an average rating of “Moderate Buy” and a consensus price target of $29.12.

Read Our Latest Stock Report on Liftoff Mobile

Liftoff Mobile Stock Up 0.9%

Shares of Liftoff Mobile stock opened at $18.71 on Friday. The firm has a fifty day moving average of $16.71. Liftoff Mobile has a fifty-two week low of $13.95 and a fifty-two week high of $30.10.

Liftoff Mobile (NASDAQ:LFTO – Get Free Report) last posted its quarterly earnings data on Thursday, November 12th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.30. The company had revenue of $237.52 million for the quarter. On average, equities research analysts expect that Liftoff Mobile will post 0.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Boston Partners boosted its stake in shares of Liftoff Mobile by 107.4% in the 3rd quarter. Boston Partners now owns 1,480,509 shares of the company’s stock valued at $23,345,000 after purchasing an additional 766,512 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Liftoff Mobile during the second quarter worth approximately $14,412,000. State Street Corp bought a new position in shares of Liftoff Mobile in the third quarter valued at approximately $5,691,000. HBK Investments L P bought a new position in shares of Liftoff Mobile in the second quarter valued at approximately $6,155,000. Finally, Wellington Management Group LLP acquired a new position in shares of Liftoff Mobile in the 2nd quarter worth approximately $4,433,000.

Trending Headlines about Liftoff Mobile

These are some of the LFTO headlines that stood out recently:

About Liftoff Mobile

(Get Free Report)

Liftoff Mobile provides marketing and monetization technology for mobile apps. Its platform helps app developers and publishers attract users, promote engagement and generate revenue through in-app advertising. The company’s services include user acquisition campaigns, advertising creative tools, audience targeting and optimization, and monetization solutions that connect app publishers with advertisers. Liftoff uses data and machine-learning technology to help clients manage and improve campaign performance across mobile platforms.

Read More

Analyst Recommendations for Liftoff Mobile (NASDAQ:LFTO)

Receive News & Ratings for Liftoff Mobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liftoff Mobile and related companies with MarketBeat.com's FREE daily email newsletter.