Liftoff Mobile, Inc. (NASDAQ:LFTO - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seventeen ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $35.6923.
A number of equities analysts have recently weighed in on the company. Weiss Ratings started coverage on Liftoff Mobile in a research note on Thursday, June 4th. They issued a "sell (e)" rating on the stock. The Goldman Sachs Group initiated coverage on Liftoff Mobile in a research report on Monday, June 29th. They set a "buy" rating and a $40.00 price target for the company. Wolfe Research assumed coverage on Liftoff Mobile in a report on Monday, June 29th. They set a "peer perform" rating on the stock. Deutsche Bank Aktiengesellschaft began coverage on Liftoff Mobile in a research report on Monday, June 29th. They issued a "buy" rating and a $37.00 price objective on the stock. Finally, Jefferies Financial Group started coverage on Liftoff Mobile in a research note on Monday, June 29th. They issued a "buy" rating and a $34.00 price objective for the company.
View Our Latest Analysis on LFTO
Insider Activity at Liftoff Mobile
In related news, Director Atlantic Genpar L.P. General purchased 1,304,347 shares of the business's stock in a transaction that occurred on Friday, June 5th. The shares were 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. This represents a 5.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Hedge Funds Weigh In On Liftoff Mobile
Several institutional investors have recently added to or reduced their stakes in the stock. WT Asset Management Ltd bought a new stake in Liftoff Mobile in the second quarter worth about $480,000. Legal & General Group Plc purchased a new position in Liftoff Mobile in the second quarter valued at about $486,000. Finally, Bank of America Corp DE bought a new position in shares of Liftoff Mobile during the 2nd quarter valued at approximately $1,282,000.
Liftoff Mobile Stock Performance
LFTO opened at $19.53 on Tuesday. The firm's 50-day moving average price is $24.06. Liftoff Mobile has a fifty-two week low of $19.33 and a fifty-two week high of $30.10.
Liftoff Mobile (NASDAQ:LFTO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.52) by $0.49. The firm had revenue of $219.51 million during the quarter. Equities research analysts predict that Liftoff Mobile will post 0.7 EPS for the current fiscal year.
About Liftoff Mobile
(
Get Free Report)
Liftoff Mobile Inc provides marketing and monetization solutions for the mobile app economy. Liftoff Mobile Inc is based in REDWOOD CITY, Calif.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Liftoff Mobile, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Liftoff Mobile wasn't on the list.
While Liftoff Mobile currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
