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

Shares of Liftoff Mobile, Inc. (NASDAQ:LFTOGet Free Report) have been given an average rating of “Moderate Buy” by the twelve ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $35.25.

LFTO has been the topic of several research reports. Needham & Company LLC initiated coverage on Liftoff Mobile in a report on Monday. They set a “buy” rating and a $42.00 price objective on the stock. BTIG Research initiated coverage on Liftoff Mobile in a report on Monday. They set a “buy” rating and a $35.00 price objective on the stock. Royal Bank Of Canada initiated coverage on Liftoff Mobile in a report on Monday. They set an “outperform” rating and a $35.00 price objective on the stock. Wall Street Zen raised Liftoff Mobile to a “hold” rating in a report on Saturday, June 6th. Finally, Barclays assumed coverage on shares of Liftoff Mobile in a research note on Monday. They set an “overweight” rating and a $34.00 target price for the company.

View Our Latest Stock Analysis on LFTO

Insider Buying and Selling at Liftoff Mobile

In other Liftoff Mobile news, Director Atlantic Genpar L.P. General bought 1,304,347 shares of the firm’s stock in a transaction dated 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 completion of the purchase, the director owned 25,315,646 shares of the company’s stock, valued at approximately $582,259,858. This represents a 5.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Liftoff Mobile Stock Performance

Shares of LFTO stock opened at $27.39 on Monday. Liftoff Mobile has a 1 year low of $23.08 and a 1 year high of $30.10.

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Analyst Recommendations for Liftoff Mobile (NASDAQ:LFTO)

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