Liftoff Mobile, Inc. (NASDAQ:LFTO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Liftoff Mobile, Inc. (NASDAQ:LFTO) have received an average rating of “Moderate Buy” from the seventeen research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $35.4615.

Several equities research analysts have recently commented on LFTO shares. Royal Bank Of Canada assumed coverage on Liftoff Mobile in a research note on Monday, June 29th. They issued an “outperform” rating and a $35.00 price objective for the company. Weiss Ratings began coverage on Liftoff Mobile in a research report on Thursday, June 4th. They set a “sell (e)” rating on the stock. Tigress Financial initiated coverage on Liftoff Mobile in a report on Monday, July 13th. They set a “buy” rating and a $39.00 price target for the company. Wells Fargo & Company began coverage on Liftoff Mobile in a research report on Monday, June 29th. They issued an “overweight” rating and a $32.00 price target for the company. Finally, Wolfe Research initiated coverage on Liftoff Mobile in a research note on Monday, June 29th. They issued a “peer perform” rating on the stock.

Liftoff Mobile Trading Down 0.4%

LFTO opened at $22.26 on Friday. Liftoff Mobile has a 1-year low of $21.50 and a 1-year high of $30.10.

Insider Activity

In other news, Director Atlantic Genpar L.P. General bought 1,304,347 shares of Liftoff Mobile stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average cost of $23.00 per share, with a total value of $29,999,981.00. Following the acquisition, the director owned 25,315,646 shares of the company’s stock, valued at $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 link.