Liftoff Mobile, Inc. (NASDAQ:LFTO) Given Consensus Rating of “Moderate Buy” by Analysts

Liftoff Mobile, Inc. (NASDAQ:LFTOGet Free Report) has received a consensus rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $35.4615.

A number of brokerages have recently commented on LFTO. Wall Street Zen upgraded shares of Liftoff Mobile to a “hold” rating in a research note on Saturday, June 6th. Royal Bank Of Canada started 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 on the stock. Morgan Stanley started coverage on shares of Liftoff Mobile in a report on Monday, June 29th. They issued an “equal weight” rating and a $30.00 target price on the stock. Jefferies Financial Group assumed coverage on shares of Liftoff Mobile in a research report on Monday, June 29th. They issued a “buy” rating and a $34.00 target price for the company. Finally, Wolfe Research began coverage on shares of Liftoff Mobile in a research note on Monday, June 29th. They set a “peer perform” rating for the company.

Check Out Our Latest Report on LFTO

Insider Activity at Liftoff Mobile

In other news, Director Atlantic Genpar L.P. General acquired 1,304,347 shares of Liftoff Mobile stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average price of $23.00 per share, for a total transaction of $29,999,981.00. Following the completion of the transaction, the director owned 25,315,646 shares in the company, valued at $582,259,858. The trade was a 5.43% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Liftoff Mobile Stock Down 0.4%

Shares of NASDAQ:LFTO opened at $22.26 on Friday. Liftoff Mobile has a fifty-two week low of $21.50 and a fifty-two week high of $30.10.

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Analyst Recommendations for Liftoff Mobile (NASDAQ:LFTO)

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