Wells Fargo & Company upgraded shares of Liftoff Mobile (NASDAQ:LFTO – Free Report) to a strong-buy rating in a report released on Monday,Zacks.com reports.
Several other research firms also recently weighed in on LFTO. Wall Street Zen raised Liftoff Mobile to a “hold” rating in a research report on Saturday, June 6th. Deutsche Bank Aktiengesellschaft assumed coverage on Liftoff Mobile in a research report on Monday. They issued a “buy” rating and a $37.00 price target for the company. UBS Group initiated coverage on shares of Liftoff Mobile in a research note on Monday. They set a “buy” rating and a $38.00 price objective for the company. Jefferies Financial Group assumed coverage on shares of Liftoff Mobile in a research report on Monday. They set a “buy” rating and a $34.00 price objective on the stock. Finally, BTIG Research began coverage on shares of Liftoff Mobile in a research note on Monday. They issued a “buy” rating and a $35.00 target price on the stock. Four analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $35.17.
Check Out Our Latest Stock Analysis on Liftoff Mobile
Liftoff Mobile Price Performance
Insider Buying and Selling at Liftoff Mobile
In related news, Director Atlantic Genpar L.P. General purchased 1,304,347 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was 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 of the company’s stock, valued at approximately $582,259,858. The trade was a 5.43% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
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