Tigress Financial Initiates Coverage on Liftoff Mobile (NASDAQ:LFTO)

Equities research analysts at Tigress Financial started coverage on shares of Liftoff Mobile (NASDAQ:LFTO) in a research report issued on Monday,Benzinga reports. The firm set a “buy” rating and a $39.00 price target on the stock. Tigress Financial’s price objective points to a potential upside of 57.07% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft began coverage on Liftoff Mobile in a research report on Monday, June 29th. They set a “buy” rating and a $37.00 price objective on the stock. Needham & Company LLC initiated coverage on shares of Liftoff Mobile in a research report on Monday, June 29th. They set a “buy” rating and a $42.00 target price for the company. Jefferies Financial Group started coverage on shares of Liftoff Mobile in a report on Monday, June 29th. They issued a “buy” rating and a $34.00 price target on the stock. UBS Group initiated coverage on Liftoff Mobile in a research report on Monday, June 29th. They issued a “buy” rating and a $38.00 price objective for the company. Finally, Wall Street Zen raised Liftoff Mobile to a “hold” rating in a research report on Saturday, June 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.46.

Liftoff Mobile Price Performance

NASDAQ LFTO opened at $24.83 on Monday. Liftoff Mobile has a 52-week low of $21.80 and a 52-week high of $30.10.

Insider Activity

In other Liftoff Mobile news, Director Atlantic Genpar L.P. General purchased 1,304,347 shares of Liftoff Mobile stock in a transaction dated Friday, June 5th. The shares were acquired 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 $582,259,858. This trade represents a 5.43% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.