Liftoff Mobile (NASDAQ:LFTO) Now Covered by Needham & Company LLC

Needham & Company LLC started coverage on shares of Liftoff Mobile (NASDAQ:LFTO) in a research report issued on Monday,Benzinga reports. The brokerage set a “buy” rating and a $42.00 price target on the stock. Needham & Company LLC’s price target would suggest a potential upside of 53.34% from the company’s previous close.

A number of other equities research analysts also recently issued reports on LFTO. Jefferies Financial Group began coverage on shares of Liftoff Mobile in a report on Monday. They issued a “buy” rating and a $34.00 price target on the stock. Wells Fargo & Company started coverage on shares of Liftoff Mobile in a report on Monday. They set an “overweight” rating and a $32.00 target price on the stock. Wall Street Zen upgraded shares of Liftoff Mobile to a “hold” rating in a research note on Saturday, June 6th. BTIG Research initiated coverage on shares of Liftoff Mobile in a research report on Monday. They set a “buy” rating and a $35.00 price target for the company. Finally, Morgan Stanley set a $30.00 price target on shares of Liftoff Mobile in a research report on Monday. Eleven analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $35.25.

Liftoff Mobile Price Performance

NASDAQ:LFTO opened at $27.39 on Monday. Liftoff Mobile has a 52-week low of $23.08 and a 52-week high of $30.10.

Insider Buying and Selling at Liftoff Mobile

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