Liftoff Mobile (NASDAQ:LFTO) Rating Increased to Strong-Buy at Cantor Fitzgerald

Liftoff Mobile (NASDAQ:LFTO) was upgraded by research analysts at Cantor Fitzgerald to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Morgan Stanley started coverage on Liftoff Mobile in a report on Monday. They issued an “equal weight” rating and a $30.00 price target for the company. Raymond James Financial started coverage on shares of Liftoff Mobile in a research report on Monday. They issued an “outperform” rating and a $32.00 price objective for the company. UBS Group began coverage on shares of Liftoff Mobile in a research note on Monday. They issued a “buy” rating and a $38.00 target price for the company. Wolfe Research assumed coverage on shares of Liftoff Mobile in a research report on Monday. They set a “peer perform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Liftoff Mobile in a research note on Monday. They set a “buy” rating and a $37.00 price target on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $35.17.

Liftoff Mobile Price Performance

Liftoff Mobile stock opened at $25.47 on Monday. Liftoff Mobile has a 52 week low of $23.08 and a 52 week high of $30.10.

Insider Transactions at Liftoff Mobile

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