Wolfe Research Begins Coverage on Liftoff Mobile (NASDAQ:LFTO)

Equities researchers at Wolfe Research assumed coverage on shares of Liftoff Mobile (NASDAQ:LFTO) in a report released on Monday. The firm set a “peer perform” rating on the stock.

Several other equities research analysts have also recently issued reports on LFTO. UBS Group initiated coverage on shares of Liftoff Mobile in a research report on Monday. They set a “buy” rating and a $38.00 price objective for the company. Raymond James Financial assumed coverage on Liftoff Mobile in a research note on Monday. They issued an “outperform” rating and a $32.00 price target on the stock. Needham & Company LLC began coverage on Liftoff Mobile in a research report on Monday. They set a “buy” rating and a $42.00 target price on the stock. Morgan Stanley set a $30.00 target price on Liftoff Mobile in a research note on Monday. Finally, Wells Fargo & Company assumed coverage on shares of Liftoff Mobile in a report on Monday. They issued an “overweight” rating and a $32.00 target price for the company. Twelve investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Liftoff Mobile Price Performance

LFTO stock opened at $27.39 on Monday. Liftoff Mobile has a fifty-two week low of $23.08 and a fifty-two week high of $30.10.

Insiders Place Their Bets

In related news, Director Atlantic Genpar L.P. General purchased 1,304,347 shares of the business’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 directly owned 25,315,646 shares of the company’s stock, valued at $582,259,858. This trade represents a 5.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.