Liftoff Mobile (NASDAQ:LFTO – Get Free Report) was upgraded by research analysts at UBS Group to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.
A number of other equities research analysts also recently issued reports on the stock. Wall Street Zen upgraded shares of Liftoff Mobile to a “hold” rating in a research report on Saturday, June 6th. Wells Fargo & Company initiated coverage on Liftoff Mobile in a research report on Monday. They set an “overweight” rating and a $32.00 target price on the stock. Cantor Fitzgerald began coverage on Liftoff Mobile in a report on Monday. They issued an “overweight” rating and a $33.00 target price on the stock. Morgan Stanley began coverage on Liftoff Mobile in a research report on Monday. They issued an “equal weight” rating and a $30.00 price target for the company. Finally, Royal Bank Of Canada assumed coverage on shares of Liftoff Mobile in a report on Monday. They set an “outperform” rating and a $35.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Liftoff Mobile currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.17.
View Our Latest Report on Liftoff Mobile
Liftoff Mobile Trading Down 5.7%
Insiders Place Their Bets
In related news, Director Atlantic Genpar L.P. General purchased 1,304,347 shares of the company’s stock in a transaction on Friday, June 5th. The stock was bought at an average price of $23.00 per share, with a total value of $29,999,981.00. Following the completion of the transaction, 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
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