Liftoff Mobile, Inc. (NASDAQ:LFTO – Get Free Report) saw unusually-high trading volume on Friday following a better than expected earnings announcement. Approximately 1,921,034 shares changed hands during trading, an increase of 129% from the average daily volume of 840,049 shares. The stock last traded at $24.33 and had previously closed at $18.71.
The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.17 by $0.30. The firm had revenue of $237.52 million for the quarter.
More Liftoff Mobile News
Here’s some of the latest news about LFTO:
- Positive Sentiment: Third-quarter EPS was $0.47, versus the $0.17 consensus estimate, on revenue of $237.52 million. Liftoff also swung to a quarterly profit, with margin expansion highlighted as a key strength. Liftoff Mobile Q3 results Margin expansion analysis
- Positive Sentiment: Fourth-quarter revenue guidance of $244 million–$249 million is above the $232.3 million consensus. Full-year 2026 revenue guidance of $907 million–$912 million also tops the $879 million estimate. Fourth-quarter revenue outlook
- Positive Sentiment: BTIG Research raised its price target to $31 and maintained a Buy rating; Freedom Broker upgraded LFTO to Buy with a $27 target. These moves signal improved analyst sentiment. BTIG Research ratings Freedom Broker ratings
Wall Street Analyst Weigh In
LFTO has been the subject of a number of research analyst reports. Piper Sandler assumed coverage on Liftoff Mobile in a research report on Tuesday, September 22nd. They set a “neutral” rating and a $19.00 price target for the company. Wells Fargo & Company cut their price objective on Liftoff Mobile from $34.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 28th. The Goldman Sachs Group restated a “buy” rating and issued a $26.00 price objective on shares of Liftoff Mobile in a research note on Wednesday, October 14th. Weiss Ratings downgraded Liftoff Mobile from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, October 13th. Finally, Cantor Fitzgerald decreased their target price on Liftoff Mobile from $32.00 to $22.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $29.22.
Read Our Latest Stock Analysis on Liftoff Mobile
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LFTO. Boston Partners grew its position in shares of Liftoff Mobile by 107.4% during the 3rd quarter. Boston Partners now owns 1,480,509 shares of the company’s stock valued at $23,345,000 after acquiring an additional 766,512 shares during the period. Alyeska Investment Group L.P. bought a new stake in shares of Liftoff Mobile in the 2nd quarter worth approximately $14,412,000. State Street Corp bought a new stake in shares of Liftoff Mobile in the 3rd quarter worth approximately $5,691,000. HBK Investments L P bought a new stake in shares of Liftoff Mobile in the 2nd quarter worth approximately $6,155,000. Finally, Wellington Management Group LLP bought a new stake in shares of Liftoff Mobile in the 2nd quarter worth approximately $4,433,000.
Liftoff Mobile Trading Up 27.4%
The stock’s 50 day moving average is $16.71. The stock has a market cap of $4.04 billion and a price-to-earnings ratio of -794.33.
About Liftoff Mobile
Liftoff Mobile provides marketing and monetization technology for mobile apps. Its platform helps app developers and publishers attract users, promote engagement and generate revenue through in-app advertising. The company’s services include user acquisition campaigns, advertising creative tools, audience targeting and optimization, and monetization solutions that connect app publishers with advertisers. Liftoff uses data and machine-learning technology to help clients manage and improve campaign performance across mobile platforms.
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