HBK Investments L P Invests $6.16 Million in Liftoff Mobile, Inc. $LFTO

HBK Investments L P acquired a new stake in Liftoff Mobile, Inc. (NASDAQ:LFTOFree Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 256,250 shares of the company’s stock, valued at approximately $6,155,000. HBK Investments L P owned about 0.15% of Liftoff Mobile as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of LFTO. Parkside Financial Bank & Trust acquired a new position in Liftoff Mobile in the second quarter valued at $30,000. Readystate Asset Management LP acquired a new stake in Liftoff Mobile during the 2nd quarter worth about $1,677,000. Alyeska Investment Group L.P. bought a new position in shares of Liftoff Mobile in the 2nd quarter worth about $14,412,000. Wellington Management Group LLP bought a new position in shares of Liftoff Mobile in the 2nd quarter worth about $4,433,000. Finally, Bank of America Corp DE acquired a new position in shares of Liftoff Mobile in the 2nd quarter valued at about $1,282,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LFTO shares. 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 target price on the stock. Jefferies Financial Group assumed coverage on Liftoff Mobile in a report on Monday, June 29th. They issued a “buy” rating and a $34.00 target price for the company. Deutsche Bank Aktiengesellschaft began coverage on Liftoff Mobile in a research note on Monday, June 29th. They issued a “buy” rating and a $37.00 price target on the stock. Wall Street Zen upgraded Liftoff Mobile from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Wells Fargo & Company lifted their price objective on shares of Liftoff Mobile from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $35.85.

Check Out Our Latest Report on LFTO

Liftoff Mobile Price Performance

Shares of LFTO stock traded down $0.68 on Wednesday, reaching $17.59. 740,551 shares of the company were exchanged, compared to its average volume of 839,163. The firm has a 50-day simple moving average of $21.30. Liftoff Mobile, Inc. has a one year low of $17.15 and a one year high of $30.10.

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

About Liftoff Mobile

(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.

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Institutional Ownership by Quarter for Liftoff Mobile (NASDAQ:LFTO)

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