Liftoff Mobile, Inc. (NASDAQ:LFTO) Receives Average Rating of “Moderate Buy” from Analysts

Liftoff Mobile, Inc. (NASDAQ:LFTOGet Free Report) has earned an average rating of “Moderate Buy” from the eighteen research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $35.8462.

Several brokerages have weighed in on LFTO. UBS Group boosted their price objective on Liftoff Mobile from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Liftoff Mobile in a research note on Tuesday, September 1st. Zacks Research upgraded shares of Liftoff Mobile to a “hold” rating in a research report on Tuesday, June 30th. Needham & Company LLC began coverage on shares of Liftoff Mobile in a research note on Monday, June 29th. They set a “buy” rating and a $42.00 price target for the company. Finally, William Blair began coverage on shares of Liftoff Mobile in a report on Monday, June 29th. They issued an “outperform” rating on the stock.

Check Out Our Latest Research Report on Liftoff Mobile

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust bought a new position in shares of Liftoff Mobile in the 2nd quarter worth $30,000. Legal & General Group Plc acquired a new stake in shares of Liftoff Mobile during the second quarter worth $486,000. WT Asset Management Ltd bought a new stake in Liftoff Mobile in the second quarter valued at about $480,000. Bank of America Corp DE bought a new stake in Liftoff Mobile in the second quarter valued at about $1,282,000. Finally, Readystate Asset Management LP acquired a new position in Liftoff Mobile in the second quarter valued at about $1,677,000.

Liftoff Mobile Stock Up 4.6%

LFTO stock opened at $18.35 on Friday. Liftoff Mobile has a twelve month low of $17.47 and a twelve month high of $30.10. The business’s fifty day moving average price is $21.47.

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

About Liftoff Mobile

(Get Free Report)

Liftoff Mobile, Inc is a mobile technology company that provides software and services designed to help app developers and advertisers acquire, engage and monetize users. Its platform uses data-driven advertising and machine-learning tools to support user acquisition, retargeting, campaign optimization and creative testing across mobile applications.

The company also serves mobile publishers by offering advertising monetization solutions, including tools for managing and optimizing in-app ad inventory.

Further Reading

Analyst Recommendations for Liftoff Mobile (NASDAQ:LFTO)

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