Wellington Management Group LLP Invests $4.43 Million in Liftoff Mobile, Inc. $LFTO

Wellington Management Group LLP purchased a new stake in Liftoff Mobile, Inc. (NASDAQ:LFTOFree Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 184,563 shares of the company’s stock, valued at approximately $4,433,000. Wellington Management Group LLP owned 0.11% of Liftoff Mobile as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new position in shares of Liftoff Mobile in the second quarter valued at approximately $1,282,000. Legal & General Group Plc acquired a new stake in shares of Liftoff Mobile during the second quarter worth $486,000. Finally, WT Asset Management Ltd purchased a new position in Liftoff Mobile in the 2nd quarter valued at $480,000.

Analyst Upgrades and Downgrades

LFTO has been the subject of a number of analyst reports. Royal Bank Of Canada assumed coverage on shares of Liftoff Mobile in a research report on Monday, June 29th. They set an “outperform” rating and a $35.00 price objective for the company. Cantor Fitzgerald lowered their target price on shares of Liftoff Mobile from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, August 13th. 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 on the stock. Barclays started coverage on shares of Liftoff Mobile in a report on Monday, June 29th. They set an “overweight” rating and a $34.00 price target for the company. Finally, Cannonball Research upgraded shares of Liftoff Mobile to a “hold” rating in a research report on Saturday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.85.

View Our Latest Research Report on Liftoff Mobile

Liftoff Mobile Price Performance

Liftoff Mobile stock opened at $18.50 on Thursday. Liftoff Mobile, Inc. has a one year low of $17.90 and a one year high of $30.10. The firm has a fifty day simple moving average of $21.73.

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

Liftoff Mobile Profile

(Free Report)

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

Further Reading

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