Liftoff Mobile (NASDAQ:LFTO) Upgraded to Hold at Piper Sandler

Piper Sandler upgraded shares of Liftoff Mobile (NASDAQ:LFTO) to a hold rating in a report published on Tuesday,Zacks reports.

Other equities analysts have also recently issued reports about the company. Zacks Research upgraded Liftoff Mobile to a “hold” rating in a research report on Tuesday, June 30th. Needham & Company LLC assumed coverage on Liftoff Mobile in a report on Monday, June 29th. They set a “buy” rating and a $42.00 target price on the stock. Barclays began coverage on shares of Liftoff Mobile in a research report on Monday, June 29th. They issued an “overweight” rating and a $34.00 price target on the stock. Weiss Ratings raised shares of Liftoff Mobile from a “sell (e)” rating to a “sell (d)” rating in a report on Monday, September 14th. Finally, Cannonball Research upgraded shares of Liftoff Mobile to a “hold” rating in a research report on Saturday, September 5th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.64.

Liftoff Mobile Stock Down 7.4%

Shares of NASDAQ:LFTO opened at $16.35 on Tuesday. The stock has a 50 day moving average of $20.60. Liftoff Mobile has a twelve month low of $16.14 and a twelve month high of $30.10.

Liftoff Mobile (NASDAQ:LFTO) last announced its earnings results on Wednesday, August 12th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.52) by $0.49. The firm had revenue of $219.51 million for the quarter. Equities analysts forecast that Liftoff Mobile will post 0.7 earnings per share for the current year.

Institutional Trading of Liftoff Mobile

Several large investors have recently added to or reduced their stakes in LFTO. Alyeska Investment Group L.P. purchased a new stake in shares of Liftoff Mobile in the second quarter valued at $14,412,000. HBK Investments L P purchased a new position in shares of Liftoff Mobile during the second quarter valued at $6,155,000. Wellington Management Group LLP acquired a new position in Liftoff Mobile during the second quarter valued at $4,433,000. Readystate Asset Management LP acquired a new position in Liftoff Mobile during the second quarter valued at $1,677,000. Finally, Bank of America Corp DE purchased a new stake in Liftoff Mobile in the 2nd quarter worth about $1,282,000.

Liftoff Mobile Company Profile

Liftoff Mobile, Inc is a mobile technology company that provides software and services designed to help app developers and advertisers acquire, engage and monetize users. Its platform uses data-driven advertising and machine-learning tools to support user acquisition, retargeting, campaign optimization and creative testing across mobile applications.

The company also serves mobile publishers by offering advertising monetization solutions, including tools for managing and optimizing in-app ad inventory.