Liftoff Mobile (NASDAQ:LFTO) Stock Rating Upgraded by Jefferies Financial Group

Liftoff Mobile (NASDAQ:LFTO) was upgraded by equities researchers at Jefferies Financial Group to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

LFTO has been the topic of several other reports. Barclays initiated coverage on shares of Liftoff Mobile in a research report on Monday. They issued an “overweight” rating and a $34.00 target price on the stock. Morgan Stanley began coverage on shares of Liftoff Mobile in a research note on Monday. They set an “equal weight” rating and a $30.00 target price on the stock. Deutsche Bank Aktiengesellschaft started coverage on Liftoff Mobile in a report on Monday. They set a “buy” rating and a $37.00 price target on the stock. BTIG Research initiated coverage on Liftoff Mobile in a research report on Monday. They issued a “buy” rating and a $35.00 target price on the stock. Finally, Needham & Company LLC assumed coverage on Liftoff Mobile in a report on Monday. They set a “buy” rating and a $42.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.17.

Liftoff Mobile Trading Down 5.7%

NASDAQ LFTO opened at $24.02 on Monday. Liftoff Mobile has a 1 year low of $23.08 and a 1 year high of $30.10.

Insider Buying and Selling at Liftoff Mobile

In other Liftoff Mobile news, Director Atlantic Genpar L.P. General bought 1,304,347 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were acquired at an average cost of $23.00 per share, for a total transaction of $29,999,981.00. Following the transaction, the director owned 25,315,646 shares in the company, valued at approximately $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 SEC, which is available through the SEC website.