Liftoff Mobile, Inc. (NASDAQ:LFTO) Given Consensus Rating of “Moderate Buy” by Analysts

Liftoff Mobile, Inc. (NASDAQ:LFTOGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the seventeen ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $35.6923.

A number of equities analysts have recently weighed in on the company. Weiss Ratings started coverage on Liftoff Mobile in a research note on Thursday, June 4th. They issued a “sell (e)” rating on the stock. The Goldman Sachs Group initiated coverage on Liftoff Mobile in a research report on Monday, June 29th. They set a “buy” rating and a $40.00 price target for the company. Wolfe Research assumed coverage on Liftoff Mobile in a report on Monday, June 29th. They set a “peer perform” rating on the stock. Deutsche Bank Aktiengesellschaft began coverage on Liftoff Mobile in a research report on Monday, June 29th. They issued a “buy” rating and a $37.00 price objective on the stock. Finally, Jefferies Financial Group started coverage on Liftoff Mobile in a research note on Monday, June 29th. They issued a “buy” rating and a $34.00 price objective for the company.

View Our Latest Analysis on LFTO

Insider Activity at Liftoff Mobile

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

Hedge Funds Weigh In On Liftoff Mobile

Several institutional investors have recently added to or reduced their stakes in the stock. WT Asset Management Ltd bought a new stake in Liftoff Mobile in the second quarter worth about $480,000. Legal & General Group Plc purchased a new position in Liftoff Mobile in the second quarter valued at about $486,000. Finally, Bank of America Corp DE bought a new position in shares of Liftoff Mobile during the 2nd quarter valued at approximately $1,282,000.

Liftoff Mobile Stock Performance

LFTO opened at $19.53 on Tuesday. The firm’s 50-day moving average price is $24.06. Liftoff Mobile has a fifty-two week low of $19.33 and a fifty-two week high of $30.10.

Liftoff Mobile (NASDAQ:LFTOGet Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.49. The firm had revenue of $219.51 million during the quarter. Equities research analysts predict that Liftoff Mobile will post 0.7 EPS for the current fiscal year.

About Liftoff Mobile

(Get Free Report)

Liftoff Mobile Inc provides marketing and monetization solutions for the mobile app economy. Liftoff Mobile Inc is based in REDWOOD CITY, Calif.

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Analyst Recommendations for Liftoff Mobile (NASDAQ:LFTO)

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