Liftoff Mobile (NASDAQ:LFTO) Rating Increased to Strong-Buy at Jefferies Financial Group

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

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company assumed coverage on Liftoff Mobile in a report on Monday. They set an “overweight” rating and a $32.00 price objective on the stock. Cantor Fitzgerald began coverage on Liftoff Mobile in a research note on Monday. They set an “overweight” rating and a $33.00 target price for the company. Barclays assumed coverage on shares of Liftoff Mobile in a research report on Monday. They set an “overweight” rating and a $34.00 price target for the company. The Goldman Sachs Group started coverage on shares of Liftoff Mobile in a report on Monday. They issued a “buy” rating and a $40.00 price target on the stock. Finally, UBS Group began coverage on shares of Liftoff Mobile in a research note on Monday. They set a “buy” rating and a $38.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Liftoff Mobile currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.17.

Liftoff Mobile Stock Down 5.7%

Shares of 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

In other news, Director Atlantic Genpar L.P. General bought 1,304,347 shares of Liftoff Mobile stock in a transaction on Friday, June 5th. The shares were bought at an average price of $23.00 per share, with a total value of $29,999,981.00. Following the acquisition, the director directly owned 25,315,646 shares in the company, valued at approximately $582,259,858. This represents a 5.43% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.