Liftoff Mobile (NASDAQ:LFTO) Research Coverage Started at Wedbush

Wedbush began coverage on shares of Liftoff Mobile (NASDAQ:LFTO) in a research note published on Tuesday, Marketbeat.com reports. The firm issued an outperform rating and a $25.00 price objective on the stock.

A number of other brokerages have also weighed in on LFTO. Wall Street Zen raised shares of Liftoff Mobile from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Wolfe Research assumed coverage on Liftoff Mobile in a research note on Monday, June 29th. They issued a “peer perform” rating on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Liftoff Mobile in a research note on Monday, June 29th. They issued a “buy” rating and a $37.00 price target on the stock. Loop Capital set a $27.00 price target on Liftoff Mobile in a report on Friday, October 9th. Finally, BTIG Research reduced their price objective on Liftoff Mobile from $35.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.25.

Liftoff Mobile Price Performance

NASDAQ LFTO opened at $15.99 on Tuesday. The business’s 50 day simple moving average is $17.08. Liftoff Mobile has a 52-week low of $15.02 and a 52-week high of $30.10.

Liftoff Mobile (NASDAQ:LFTO) last announced 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. As a group, sell-side analysts expect that Liftoff Mobile will post 0.78 earnings per share for the current year.

Institutional Trading of Liftoff Mobile

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust acquired a new position in Liftoff Mobile during the second quarter valued at approximately $30,000. WT Asset Management Ltd bought a new position in Liftoff Mobile in the second quarter valued at approximately $480,000. Legal & General Group Plc acquired a new position in shares of Liftoff Mobile during the 2nd quarter worth approximately $486,000. Bank of America Corp DE acquired a new position in shares of Liftoff Mobile during the 2nd quarter worth approximately $1,282,000. Finally, Readystate Asset Management LP bought a new stake in shares of Liftoff Mobile during the 2nd quarter worth approximately $1,677,000.

About Liftoff Mobile

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.