Liftoff Mobile, Inc. (NASDAQ:LFTO) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Liftoff Mobile, with 12 buy ratings, one strong-buy rating, four holds and one sell. The average 12-month price target is $35.85.
• Recent analyst actions were generally positive, including price-target increases from UBS and Wells Fargo; targets cited in the article range from $30 to $39.
• Liftoff Mobile reported quarterly EPS of -$0.03, beating the consensus estimate of -$0.52, on revenue of $219.51 million. The stock opened at $18.35, near its one-year low of $17.47.

Liftoff Mobile, Inc. (NASDAQ:LFTO - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eighteen research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $35.8462.

A number of equities analysts have commented on the stock. UBS Group boosted their price target on shares of Liftoff Mobile from $38.00 to $39.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Morgan Stanley started coverage on shares of Liftoff Mobile in a research note on Monday, June 29th. They issued an "equal weight" rating and a $30.00 target price for the company. Deutsche Bank Aktiengesellschaft assumed coverage on Liftoff Mobile in a report on Monday, June 29th. They issued a "buy" rating and a $37.00 target price on the stock. Raymond James Financial reaffirmed an "outperform" rating and set a $33.00 price target on shares of Liftoff Mobile in a report on Thursday, August 13th. Finally, Wells Fargo & Company lifted their price objective on Liftoff Mobile from $32.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday, August 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LFTO. Parkside Financial Bank & Trust acquired a new stake in Liftoff Mobile in the 2nd quarter valued at about $30,000. WT Asset Management Ltd acquired a new position in shares of Liftoff Mobile during the second quarter worth approximately $480,000. Legal & General Group Plc bought a new stake in shares of Liftoff Mobile during the second quarter valued at approximately $486,000. Bank of America Corp DE bought a new stake in shares of Liftoff Mobile during the second quarter valued at approximately $1,282,000. Finally, Readystate Asset Management LP acquired a new stake in shares of Liftoff Mobile in the second quarter valued at approximately $1,677,000.

Liftoff Mobile Stock Performance

LFTO stock opened at $18.35 on Friday. The firm has a 50 day moving average of $21.47. Liftoff Mobile has a 1-year low of $17.47 and a 1-year high of $30.10.

Liftoff Mobile (NASDAQ:LFTO - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.52) by $0.49. The company had revenue of $219.51 million for the quarter. Analysts forecast that Liftoff Mobile will post 0.7 earnings per share for the current year.

About Liftoff Mobile

Liftoff Mobile, Inc is a mobile technology company that provides software and services designed to help app developers and advertisers acquire, engage and monetize users. Its platform uses data-driven advertising and machine-learning tools to support user acquisition, retargeting, campaign optimization and creative testing across mobile applications.

The company also serves mobile publishers by offering advertising monetization solutions, including tools for managing and optimizing in-app ad inventory.

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