Liftoff Mobile, Inc. (NASDAQ:LFTO) Given Average Rating of “Moderate Buy” by Brokerages

Liftoff Mobile, Inc. (NASDAQ:LFTO) has earned an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and eleven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $35.25.

A number of analysts have recently weighed in on LFTO shares. UBS Group started coverage on Liftoff Mobile in a research report on Monday. They set a “buy” rating on the stock. Cantor Fitzgerald started coverage on Liftoff Mobile in a research report on Monday. They set an “overweight” rating on the stock. William Blair started coverage on Liftoff Mobile in a research report on Monday. They set an “outperform” rating on the stock. Wall Street Zen raised Liftoff Mobile to a “hold” rating in a research report on Saturday, June 6th. Finally, Royal Bank Of Canada started coverage on Liftoff Mobile in a research report on Monday. They set an “outperform” rating and a $35.00 price objective on the stock.

Liftoff Mobile Price Performance

Liftoff Mobile stock opened at $27.39 on Monday. Liftoff Mobile has a twelve month low of $23.08 and a twelve month high of $30.10.

Insider Buying and Selling

In other Liftoff Mobile news, Director Atlantic Genpar L.P. General bought 1,304,347 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average price of $23.00 per share, with a total value of $29,999,981.00. Following the completion of the acquisition, the director directly owned 25,315,646 shares of the company’s stock, valued at $582,259,858. This represents a 5.43% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.