Liftoff Mobile (NASDAQ:LFTO) Given New $22.00 Price Target at Cantor Fitzgerald

Liftoff Mobile (NASDAQ:LFTO) had its price objective decreased by Cantor Fitzgerald from $32.00 to $22.00 in a research note published on Monday morning, MarketBeat Ratings reports. Cantor Fitzgerald currently has an overweight rating on the stock.

Several other analysts have also weighed in on the company. Wells Fargo & Company upped their price objective on Liftoff Mobile from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. William Blair started coverage on Liftoff Mobile in a report on Monday, June 29th. They set an “outperform” rating on the stock. UBS Group lifted their target price on Liftoff Mobile from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Needham & Company LLC started coverage on shares of Liftoff Mobile in a research report on Monday, June 29th. They issued a “buy” rating and a $42.00 price target on the stock. Finally, Cannonball Research raised shares of Liftoff Mobile to a “hold” rating in a report on Saturday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.33.

Liftoff Mobile Trading Down 1.5%

Shares of NASDAQ:LFTO opened at $16.26 on Monday. Liftoff Mobile has a 12 month low of $15.02 and a 12 month high of $30.10. The business’s 50 day moving average price is $17.81.

Liftoff Mobile (NASDAQ:LFTO) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.52) by $0.49. The firm had revenue of $219.51 million for the quarter. As a group, analysts anticipate that Liftoff Mobile will post 0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. acquired a new stake in shares of Liftoff Mobile during the 2nd quarter valued at $14,412,000. HBK Investments L P bought a new stake in shares of Liftoff Mobile during the 2nd quarter worth $6,155,000. Wellington Management Group LLP bought a new stake in shares of Liftoff Mobile during the 2nd quarter worth $4,433,000. Readystate Asset Management LP acquired a new position in shares of Liftoff Mobile in the 2nd quarter worth $1,677,000. Finally, Bank of America Corp DE acquired a new position in shares of Liftoff Mobile in the 2nd quarter worth $1,282,000.

Liftoff Mobile Company Profile

Liftoff Mobile, Inc is a mobile technology company that provides marketing, advertising and monetization solutions for app developers, advertisers and publishers. Its platform helps businesses acquire and retain mobile users through programmatic advertising, audience targeting, retargeting and campaign optimization.

The company offers tools designed to support the mobile app lifecycle, including user-acquisition campaigns, creative development and testing, influencer marketing, and in-app advertising monetization.