Liftoff Mobile (NASDAQ:LFTO) Rating Increased to Moderate Buy at Raymond James Financial

Raymond James Financial upgraded shares of Liftoff Mobile (NASDAQ:LFTO) to a moderate buy rating in a research note released on Monday,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Liftoff Mobile in a research note on Monday. They issued a “buy” rating and a $37.00 target price on the stock. Wolfe Research started coverage on shares of Liftoff Mobile in a report on Monday. They issued a “peer perform” rating on the stock. Weiss Ratings assumed coverage on Liftoff Mobile in a research note on Thursday, June 4th. They issued a “sell (e)” rating on the stock. Jefferies Financial Group started coverage on Liftoff Mobile in a report on Monday. They set a “buy” rating and a $34.00 price objective for the company. Finally, Morgan Stanley started coverage on Liftoff Mobile in a research report on Monday. They issued an “equal weight” rating and a $30.00 target price for the company. Four equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $35.17.

Liftoff Mobile Trading Down 7.0%

LFTO opened at $25.47 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 other Liftoff Mobile news, Director Atlantic Genpar L.P. General bought 1,304,347 shares of Liftoff Mobile stock in a transaction dated Friday, June 5th. The stock was purchased 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 approximately $582,259,858. This trade represents a 5.43% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.