Liftoff Mobile’s (LFTO) “Buy” Rating Reaffirmed at BTIG Research

Liftoff Mobile (NASDAQ:LFTO)‘s stock had its “buy” rating reissued by equities researchers at BTIG Research in a research note issued on Thursday,Benzinga reports. They presently have a $35.00 target price on the stock. BTIG Research’s price objective would indicate a potential upside of 38.56% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. UBS Group restated a “buy” rating on shares of Liftoff Mobile in a report on Thursday. William Blair started coverage on Liftoff Mobile in a report on Monday, June 29th. They issued an “outperform” rating for the company. Barclays assumed coverage on Liftoff Mobile in a research report on Monday, June 29th. They set an “overweight” rating and a $34.00 price objective on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Liftoff Mobile in a research note on Monday, June 29th. They set a “buy” rating and a $37.00 price objective on the stock. Finally, Raymond James Financial started coverage on Liftoff Mobile in a research note on Monday, June 29th. They issued an “outperform” rating and a $32.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Liftoff Mobile has an average rating of “Moderate Buy” and a consensus price target of $35.38.

Liftoff Mobile Trading Up 4.6%

NASDAQ:LFTO opened at $25.26 on Thursday. Liftoff Mobile has a twelve month low of $21.43 and a twelve month high of $30.10. The stock has a 50-day simple moving average of $24.48.

Liftoff Mobile (NASDAQ:LFTO) last announced 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. On average, research analysts anticipate that Liftoff Mobile will post 0.14 earnings per share for the current year.

Insider Activity at Liftoff Mobile

In related news, Director Atlantic Genpar L.P. General bought 1,304,347 shares of the stock in a transaction on Friday, June 5th. The stock was bought 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 $582,259,858. This represents a 5.43% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Hedge Funds Weigh In On Liftoff Mobile

A hedge fund recently bought a new stake in Liftoff Mobile stock. WT Asset Management Ltd bought a new stake in Liftoff Mobile, Inc. (NASDAQ:LFTO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,000 shares of the company’s stock, valued at approximately $480,000. Liftoff Mobile accounts for approximately 0.0% of WT Asset Management Ltd’s investment portfolio, making the stock its 25th biggest holding.

About Liftoff Mobile

Liftoff Mobile Inc provides marketing and monetization solutions for the mobile app economy. Liftoff Mobile Inc is based in REDWOOD CITY, Calif.