Liftoff Mobile (NASDAQ:LFTO) Earns “Buy” Rating from BTIG Research

Liftoff Mobile (NASDAQ:LFTO)‘s stock had its “buy” rating reissued by stock analysts at BTIG Research in a research report issued on Thursday,Benzinga reports. They currently have a $35.00 target price on the stock. BTIG Research’s target price points to a potential upside of 38.56% from the stock’s current price.

A number of other equities research analysts have also issued reports on LFTO. William Blair started coverage on Liftoff Mobile in a research report on Monday, June 29th. They issued an “outperform” rating on the stock. Jefferies Financial Group initiated coverage on shares of Liftoff Mobile in a research note on Monday, June 29th. They issued a “buy” rating and a $34.00 price target for the company. Zacks Research upgraded shares of Liftoff Mobile to a “hold” rating in a report on Tuesday, June 30th. Wall Street Zen raised shares of Liftoff Mobile to a “hold” rating in a research report on Saturday, June 6th. Finally, Raymond James Financial assumed coverage on Liftoff Mobile in a report on Monday, June 29th. They issued an “outperform” rating and a $32.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $35.38.

Liftoff Mobile Trading Up 4.6%

Shares of LFTO opened at $25.26 on Thursday. Liftoff Mobile has a fifty-two week low of $21.43 and a fifty-two week high of $30.10. The business’s 50 day simple moving average is $24.48.

Liftoff Mobile (NASDAQ:LFTO) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.52) by $0.49. The company had revenue of $219.51 million during the quarter. On average, research analysts forecast that Liftoff Mobile will post 0.14 earnings per share for the current fiscal year.

Insider Transactions at Liftoff Mobile

In other news, Director Atlantic Genpar L.P. General acquired 1,304,347 shares of the company’s stock in a transaction on Friday, June 5th. The shares were bought at an average price of $23.00 per share, with a total value of $29,999,981.00. Following the completion of the acquisition, the director owned 25,315,646 shares in the company, valued at $582,259,858. This trade represents a 5.43% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Liftoff Mobile stock. WT Asset Management Ltd purchased a new position in shares of Liftoff Mobile, Inc. (NASDAQ:LFTO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,000 shares of the company’s stock, valued at approximately $480,000. Liftoff Mobile accounts for approximately 0.0% of WT Asset Management Ltd’s holdings, making the stock its 25th largest holding.

Liftoff Mobile Company Profile

Liftoff Mobile Inc provides marketing and monetization solutions for the mobile app economy. Liftoff Mobile Inc is based in REDWOOD CITY, Calif.