Shares of Liftoff Mobile, Inc. (NASDAQ:LFTO – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the seventeen brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $35.6923.
Several brokerages recently weighed in on LFTO. UBS Group lifted their price objective on Liftoff Mobile from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday. Jefferies Financial Group initiated coverage on shares of Liftoff Mobile in a report on Monday, June 29th. They set a “buy” rating and a $34.00 price objective on the stock. Wall Street Zen upgraded shares of Liftoff Mobile from a “hold” rating to a “buy” rating in a research report on Saturday. Cantor Fitzgerald reduced their target price on shares of Liftoff Mobile from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, August 13th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $33.00 price target on shares of Liftoff Mobile in a research report on Thursday.
Read Our Latest Stock Report on LFTO
Liftoff Mobile Price Performance
Liftoff Mobile (NASDAQ:LFTO – Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.52) by $0.49. The firm had revenue of $219.51 million for the quarter. On average, equities research analysts predict that Liftoff Mobile will post 0.7 EPS for the current fiscal year.
Insider Buying and Selling
In other Liftoff Mobile news, Director Atlantic Genpar L.P. General acquired 1,304,347 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average cost of $23.00 per share, with a total value of $29,999,981.00. Following the acquisition, the director 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 accessible through the SEC website.
Institutional Investors Weigh In On Liftoff Mobile
Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE purchased a new stake in shares of Liftoff Mobile during the second quarter worth $1,282,000. Legal & General Group Plc bought a new position in shares of Liftoff Mobile in the second quarter worth $486,000. Finally, WT Asset Management Ltd bought a new position in shares of Liftoff Mobile in the second quarter worth $480,000.
About Liftoff Mobile
Liftoff Mobile Inc provides marketing and monetization solutions for the mobile app economy. Liftoff Mobile Inc is based in REDWOOD CITY, Calif.
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