Liftoff Mobile, Inc. (NASDAQ:LFTO) Stock Has Consensus Price Target of $29.25 According to Brokerages

Shares of Liftoff Mobile, Inc. (NASDAQ:LFTO) have been given an average recommendation of “Moderate Buy” by the twenty-one analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $29.25.

Several research firms have issued reports on LFTO. Weiss Ratings downgraded Liftoff Mobile from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, October 13th. Wall Street Zen upgraded Liftoff Mobile from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Tigress Financial boosted their target price on Liftoff Mobile from $39.00 to $41.00 and gave the stock a “buy” rating in a research report on Tuesday, September 1st. Cantor Fitzgerald cut their price target on Liftoff Mobile from $32.00 to $22.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Finally, Freedom Broker upgraded Liftoff Mobile to a “hold” rating in a report on Thursday, September 10th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. bought a new stake in shares of Liftoff Mobile during the second quarter worth approximately $14,412,000. HBK Investments L P bought a new position in Liftoff Mobile in the second quarter valued at approximately $6,155,000. Wellington Management Group LLP bought a new position in Liftoff Mobile in the second quarter valued at approximately $4,433,000. Readystate Asset Management LP bought a new position in Liftoff Mobile in the second quarter valued at approximately $1,677,000. Finally, Bank of America Corp DE acquired a new stake in Liftoff Mobile during the 2nd quarter worth $1,282,000.

Liftoff Mobile Price Performance

Shares of LFTO stock opened at $18.13 on Friday. Liftoff Mobile has a 1 year low of $13.95 and a 1 year high of $30.10. The business’s 50 day moving average is $16.73. The firm has a market capitalization of $3.07 billion and a price-to-earnings ratio of -604.33.

Liftoff Mobile (NASDAQ:LFTO) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.52) by $0.49. The company had revenue of $219.51 million during the quarter. Equities research analysts anticipate that Liftoff Mobile will post 0.78 earnings per share for the current year.

Liftoff Mobile Company Profile

Liftoff Mobile, Inc is a global mobile app growth and monetization company that helps advertisers acquire, engage and retain users. Its technology uses machine learning, first-party data and automated optimization to support performance marketing campaigns across mobile applications and digital channels.

The company provides solutions for app advertisers, including user acquisition, retargeting, creative production and campaign measurement. Liftoff also serves publishers and app developers through advertising monetization products, helping them sell in-app inventory and generate revenue from their audiences.