Liftoff Mobile (NASDAQ:LFTO) Upgraded by Barclays to “Strong-Buy” Rating

Barclays upgraded shares of Liftoff Mobile (NASDAQ:LFTO) to a strong-buy rating in a report released on Monday,Zacks.com reports.

LFTO has been the subject of a number of other reports. Morgan Stanley assumed coverage on shares of Liftoff Mobile in a research report on Monday. They set an “equal weight” rating and a $30.00 price target for the company. Weiss Ratings began coverage on Liftoff Mobile in a report on Thursday, June 4th. They issued a “sell (e)” rating on the stock. BTIG Research initiated coverage on Liftoff Mobile in a report on Monday. They set a “buy” rating and a $35.00 price objective for the company. Deutsche Bank Aktiengesellschaft started coverage on Liftoff Mobile in a report on Monday. They issued a “buy” rating and a $37.00 target price on the stock. Finally, UBS Group initiated coverage on Liftoff Mobile in a research note on Monday. They set a “buy” rating and a $38.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.17.

Liftoff Mobile Trading Down 5.7%

Shares of NASDAQ LFTO opened at $24.02 on Monday. Liftoff Mobile has a 52 week low of $23.08 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 company’s stock in a transaction on Friday, June 5th. The stock was bought at an average price of $23.00 per share, with a total value of $29,999,981.00. Following the completion of the transaction, the director owned 25,315,646 shares of the company’s stock, valued at approximately $582,259,858. This represents a 5.43% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.