Freedom Broker Upgrades Liftoff Mobile (NASDAQ:LFTO) to Hold

Liftoff Mobile (NASDAQ:LFTO) was upgraded by Freedom Broker to a “hold” rating in a research report issued on Thursday, Zacks reports.

Several other research firms have also recently weighed in on LFTO. Barclays began coverage on Liftoff Mobile in a report on Monday, June 29th. They issued an “overweight” rating and a $34.00 price target on the stock. Zacks Research upgraded shares of Liftoff Mobile to a “hold” rating in a research report on Tuesday, June 30th. The Goldman Sachs Group started coverage on shares of Liftoff Mobile in a research note on Monday, June 29th. They issued a “buy” rating and a $40.00 target price on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Liftoff Mobile in a research report on Monday, June 29th. They set a “buy” rating and a $37.00 target price for the company. Finally, Cantor Fitzgerald cut their price target on shares of Liftoff Mobile from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.85.

Liftoff Mobile Trading Up 4.6%

Liftoff Mobile stock opened at $18.35 on Thursday. Liftoff Mobile has a fifty-two week low of $17.47 and a fifty-two week high of $30.10. The stock has a fifty day moving average price of $21.47.

Liftoff Mobile (NASDAQ:LFTO) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.52) by $0.49. The business had revenue of $219.51 million for the quarter. As a group, sell-side analysts anticipate that Liftoff Mobile will post 0.7 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust purchased a new position in Liftoff Mobile in the 2nd quarter worth approximately $30,000. WT Asset Management Ltd bought a new stake in Liftoff Mobile in the second quarter valued at approximately $480,000. Legal & General Group Plc purchased a new stake in shares of Liftoff Mobile during the second quarter valued at approximately $486,000. Bank of America Corp DE purchased a new stake in shares of Liftoff Mobile during the second quarter valued at approximately $1,282,000. Finally, Readystate Asset Management LP bought a new position in shares of Liftoff Mobile in the second quarter worth approximately $1,677,000.

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.