Liftoff Mobile (NASDAQ:LFTO) Upgraded to Moderate Buy at Royal Bank Of Canada

Liftoff Mobile (NASDAQ:LFTO) was upgraded by investment analysts at Royal Bank Of Canada to a “moderate buy” rating in a research report issued on Monday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. BTIG Research assumed coverage on shares of Liftoff Mobile in a research report on Monday. They set a “buy” rating and a $35.00 target price for the company. Wall Street Zen raised Liftoff Mobile to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings initiated coverage on shares of Liftoff Mobile in a research report on Thursday, June 4th. They set a “sell (e)” rating on the stock. Cantor Fitzgerald assumed coverage on Liftoff Mobile in a research report on Monday. They set an “overweight” rating and a $33.00 price objective for the company. Finally, Morgan Stanley started coverage on Liftoff Mobile in a research report on Monday. They issued an “equal weight” rating and a $30.00 price target on the stock. Four investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $35.17.

Liftoff Mobile Stock Down 7.0%

NASDAQ:LFTO opened at $25.47 on Monday. Liftoff Mobile has a 1 year low of $23.08 and a 1 year high of $30.10.

Insider Buying and Selling

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