Liftoff Mobile, Inc. (NASDAQ:LFTO) Stock Has Consensus Target Price of $34.64

Liftoff Mobile, Inc. (NASDAQ:LFTO) has been given an average rating of “Moderate Buy” by the twenty analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $32.93.

A number of research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Liftoff Mobile from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, September 28th. Loop Capital set a $27.00 target price on shares of Liftoff Mobile in a report on Friday. Wells Fargo & Company increased their price target on Liftoff Mobile from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Wolfe Research assumed coverage on Liftoff Mobile in a research note on Monday, June 29th. They issued a “peer perform” rating for the company. Finally, Raymond James Financial reissued an “outperform” rating and set a $33.00 price target on shares of Liftoff Mobile in a report on Thursday, August 13th.

Institutional Trading of Liftoff Mobile

Institutional investors have recently made changes to their positions in the business. Alyeska Investment Group L.P. purchased a new position in Liftoff Mobile in the 2nd quarter worth approximately $14,412,000. HBK Investments L P purchased a new stake in Liftoff Mobile during the 2nd quarter valued at approximately $6,155,000. Wellington Management Group LLP purchased a new stake in Liftoff Mobile during the 2nd quarter valued at approximately $4,433,000. Readystate Asset Management LP purchased a new stake in Liftoff Mobile during the 2nd quarter valued at approximately $1,677,000. Finally, Bank of America Corp DE bought a new stake in shares of Liftoff Mobile during the second quarter valued at approximately $1,282,000.

Liftoff Mobile Trading Up 3.4%

Shares of NASDAQ:LFTO opened at $16.42 on Wednesday. Liftoff Mobile has a 1-year low of $15.02 and a 1-year high of $30.10. The firm’s 50 day moving average price is $18.50.

Liftoff Mobile (NASDAQ:LFTO) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.49. The firm had revenue of $219.51 million during the quarter. On average, equities research analysts predict that Liftoff Mobile will post 0.74 EPS for the current fiscal year.

Liftoff Mobile Company Profile

Liftoff Mobile, Inc is a mobile technology company that provides marketing, advertising and monetization solutions for app developers, advertisers and publishers. Its platform helps businesses acquire and retain mobile users through programmatic advertising, audience targeting, retargeting and campaign optimization.

The company offers tools designed to support the mobile app lifecycle, including user-acquisition campaigns, creative development and testing, influencer marketing, and in-app advertising monetization.