Liftoff Mobile, Inc. (NASDAQ:LFTO) Short Interest Update

Liftoff Mobile, Inc. (NASDAQ:LFTO) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 662,794 shares, a decrease of 60.2% from the June 30th total of 1,665,432 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 833,382 shares, the short-interest ratio is currently 0.8 days.

Insiders Place Their Bets

In related news, Director Atlantic Genpar L.P. General bought 1,304,347 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was acquired 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 in the company, valued at approximately $582,259,858. This trade represents a 5.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Liftoff Mobile Trading Down 2.4%

Shares of NASDAQ LFTO traded down $0.54 during trading on Wednesday, hitting $21.67. 177,037 shares of the company traded hands, compared to its average volume of 856,477. Liftoff Mobile has a fifty-two week low of $21.50 and a fifty-two week high of $30.10.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wells Fargo & Company initiated coverage on Liftoff Mobile in a research report on Monday, June 29th. They set an “overweight” rating and a $32.00 target price on the stock. Zacks Research upgraded Liftoff Mobile to a “hold” rating in a report on Tuesday, June 30th. UBS Group started coverage on Liftoff Mobile in a research note on Monday, June 29th. They issued a “buy” rating and a $38.00 price target on the stock. Tigress Financial began coverage on Liftoff Mobile in a report on Monday, July 13th. They set a “buy” rating and a $39.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Liftoff Mobile in a research report on Monday, June 29th. They set a “buy” rating and a $37.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Liftoff Mobile has a consensus rating of “Moderate Buy” and a consensus target price of $35.46.