Liftoff Mobile (NASDAQ:LFTO) Upgraded by UBS Group to Strong-Buy Rating

UBS Group upgraded shares of Liftoff Mobile (NASDAQ:LFTO) to a strong-buy rating in a research report released on Monday morning,Zacks.com reports.

Other analysts have also recently issued reports about the stock. BTIG Research began coverage on shares of Liftoff Mobile in a report on Monday. They set a “buy” rating and a $35.00 target price for the company. Jefferies Financial Group initiated coverage on Liftoff Mobile in a report on Monday. They issued a “buy” rating and a $34.00 price target on the stock. Barclays assumed coverage on Liftoff Mobile in a research report on Monday. They set an “overweight” rating and a $34.00 price objective for the company. Cantor Fitzgerald began coverage on Liftoff Mobile in a research note on Monday. They set an “overweight” rating and a $33.00 price objective for the company. Finally, Wolfe Research began coverage on Liftoff Mobile in a report on Monday. They issued a “peer perform” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.17.

Liftoff Mobile Trading Down 5.7%

Shares of LFTO opened at $24.02 on Monday. Liftoff Mobile has a 12-month low of $23.08 and a 12-month high of $30.10.

Insider Activity

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