Liftoff Mobile (NASDAQ:LFTO) Upgraded to Strong-Buy at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Liftoff Mobile (NASDAQ:LFTO) to a strong-buy rating in a report published on Monday morning,Zacks.com reports.

LFTO has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft started coverage on Liftoff Mobile in a research report on Monday. They issued a “buy” rating and a $37.00 target price on the stock. Wells Fargo & Company started coverage on Liftoff Mobile in a research report on Monday. They set an “overweight” rating and a $32.00 price target for the company. Morgan Stanley started coverage on Liftoff Mobile in a research note on Monday. They issued an “equal weight” rating and a $30.00 price target for the company. BTIG Research assumed coverage on Liftoff Mobile in a research report on Monday. They set a “buy” rating and a $35.00 price target on the stock. Finally, Raymond James Financial started coverage on Liftoff Mobile in a research note on Monday. They set an “outperform” rating and a $32.00 price objective on the stock. Four analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $35.17.

Liftoff Mobile Stock Performance

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

Insider Activity at Liftoff Mobile

In other news, Director Atlantic Genpar L.P. General acquired 1,304,347 shares of the stock in a transaction dated Friday, June 5th. The shares were bought at an average cost of $23.00 per share, for a total transaction of $29,999,981.00. Following the purchase, the director directly owned 25,315,646 shares of the company’s stock, valued at approximately $582,259,858. This trade represents a 5.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.