Liftoff Mobile, Inc. (NASDAQ:LFTO) Short Interest Update

Liftoff Mobile, Inc. (NASDAQ:LFTO) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 662,794 shares, a decline of 60.2% from the June 30th total of 1,665,432 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 833,382 shares, the short-interest ratio is currently 0.8 days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Tigress Financial assumed coverage on shares of Liftoff Mobile in a report on Monday, July 13th. They set a “buy” rating and a $39.00 price target for the company. Wolfe Research assumed coverage on shares of Liftoff Mobile in a report on Monday, June 29th. They issued a “peer perform” rating on the stock. Barclays initiated coverage on shares of Liftoff Mobile in a research note on Monday, June 29th. They set an “overweight” rating and a $34.00 price objective on the stock. UBS Group initiated coverage on shares of Liftoff Mobile in a report on Monday, June 29th. They set a “buy” rating and a $38.00 price objective for the company. Finally, Zacks Research raised shares of Liftoff Mobile to a “hold” rating in a research report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.46.

Liftoff Mobile Stock Performance

Shares of NASDAQ:LFTO opened at $22.14 on Monday. Liftoff Mobile has a 52 week low of $21.50 and a 52 week high of $30.10.

Insider Buying and Selling

In related news, Director Atlantic Genpar L.P. General purchased 1,304,347 shares of the firm’s stock in a transaction on 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 acquisition, the director directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.