Liftoff Mobile, Inc. (NASDAQ:LFTO – Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $19.00 and last traded at $19.04, with a volume of 90120 shares traded. The stock had previously closed at $19.66.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on LFTO shares. Deutsche Bank Aktiengesellschaft assumed coverage on Liftoff Mobile in a research report on Monday, June 29th. They set a “buy” rating and a $37.00 target price for the company. Wolfe Research assumed coverage on Liftoff Mobile in a research note on Monday, June 29th. They issued a “peer perform” rating for the company. Barclays started coverage on shares of Liftoff Mobile in a report on Monday, June 29th. They set an “overweight” rating and a $34.00 price objective for the company. Weiss Ratings initiated coverage on shares of Liftoff Mobile in a research report on Thursday, June 4th. They set a “sell (e)” rating on the stock. Finally, William Blair began coverage on shares of Liftoff Mobile in a report on Monday, June 29th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.69.
Get Our Latest Stock Report on LFTO
Liftoff Mobile Trading Down 5.9%
Liftoff Mobile (NASDAQ:LFTO – Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $219.51 million for the quarter. As a group, equities analysts predict that Liftoff Mobile, Inc. will post 0.7 earnings per share for the current year.
Insider Activity
In other Liftoff Mobile news, Director Atlantic Genpar L.P. General bought 1,304,347 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of $23.00 per share, with a total value of $29,999,981.00. Following the completion of the purchase, the director owned 25,315,646 shares in the company, valued at $582,259,858. This represents a 5.43% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.
Hedge Funds Weigh In On Liftoff Mobile
A number of large investors have recently bought and sold shares of LFTO. WT Asset Management Ltd bought a new position in Liftoff Mobile in the 2nd quarter valued at $480,000. Legal & General Group Plc purchased a new stake in Liftoff Mobile in the second quarter worth $486,000. Bank of America Corp DE bought a new stake in shares of Liftoff Mobile during the second quarter worth $1,282,000. Wellington Management Group LLP bought a new stake in shares of Liftoff Mobile during the second quarter worth $4,433,000. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of Liftoff Mobile during the second quarter valued at $14,412,000.
About Liftoff Mobile
Liftoff Mobile Inc provides marketing and monetization solutions for the mobile app economy. Liftoff Mobile Inc is based in REDWOOD CITY, Calif.
See Also
- Five stocks we like better than Liftoff Mobile
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
Receive News & Ratings for Liftoff Mobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liftoff Mobile and related companies with MarketBeat.com's FREE daily email newsletter.
