Liftoff Mobile (NASDAQ:LFTO) Now Covered by Analysts at Needham & Company LLC

Research analysts at Needham & Company LLC initiated coverage on shares of Liftoff Mobile (NASDAQ:LFTO) in a research report issued on Monday,Benzinga reports. The brokerage set a “buy” rating and a $42.00 price target on the stock. Needham & Company LLC’s price target would indicate a potential upside of 53.34% from the stock’s current price.

A number of other brokerages also recently issued reports on LFTO. Cantor Fitzgerald assumed coverage on Liftoff Mobile in a research note on Monday. They issued an “overweight” rating for the company. Morgan Stanley set a $30.00 price target on shares of Liftoff Mobile in a report on Monday. Royal Bank Of Canada initiated coverage on shares of Liftoff Mobile in a report on Monday. They set an “outperform” rating and a $35.00 price objective for the company. Wall Street Zen raised shares of Liftoff Mobile to a “hold” rating in a research report on Saturday, June 6th. Finally, UBS Group began coverage on shares of Liftoff Mobile in a research note on Monday. They issued a “buy” rating on the stock. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $35.25.

Liftoff Mobile Stock Performance

LFTO stock opened at $27.39 on Monday. Liftoff Mobile has a 12-month low of $23.08 and a 12-month high of $30.10.

Insider Transactions at Liftoff Mobile

In other news, Director Atlantic Genpar L.P. General acquired 1,304,347 shares of the stock in a transaction that occurred on 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 purchase, the director owned 25,315,646 shares of the company’s stock, valued at approximately $582,259,858. The trade was a 5.43% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.