Liftoff Mobile (NASDAQ:LFTO) Rating Increased to Strong-Buy at UBS Group

Liftoff Mobile (NASDAQ:LFTO) was upgraded by equities researchers at UBS Group to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company started coverage on shares of Liftoff Mobile in a research note on Monday. They issued an “overweight” rating and a $32.00 price target for the company. Wall Street Zen upgraded shares of Liftoff Mobile to a “hold” rating in a report on Saturday, June 6th. Jefferies Financial Group assumed coverage on shares of Liftoff Mobile in a research report on Monday. They set a “buy” rating and a $34.00 price objective for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Liftoff Mobile in a report on Monday. They issued a “buy” rating and a $37.00 target price on the stock. Finally, Weiss Ratings began coverage on Liftoff Mobile in a report on Thursday, June 4th. They set a “sell (e)” rating for the company. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.17.

Liftoff Mobile Stock Down 5.7%

Shares of Liftoff Mobile stock opened at $24.02 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 related 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 cost of $23.00 per share, with a total value of $29,999,981.00. Following the transaction, the director directly owned 25,315,646 shares of the company’s stock, valued at approximately $582,259,858. This represents a 5.43% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.