Liftoff Mobile (NASDAQ:LFTO) Rating Increased to Strong-Buy at BTIG Research

BTIG Research upgraded shares of Liftoff Mobile (NASDAQ:LFTO) to a strong-buy rating in a research note published on Monday,Zacks.com reports.

Several other brokerages have also issued reports on LFTO. Wall Street Zen raised shares of Liftoff Mobile to a “hold” rating in a report on Saturday, June 6th. Barclays assumed coverage on shares of Liftoff Mobile in a report on Monday. They set an “overweight” rating and a $34.00 price objective for the company. Royal Bank Of Canada started coverage on shares of Liftoff Mobile in a research report on Monday. They set an “outperform” rating and a $35.00 target price on the stock. William Blair assumed coverage on shares of Liftoff Mobile in a research note on Monday. They issued an “outperform” rating on the stock. Finally, Morgan Stanley assumed coverage on shares of Liftoff Mobile in a research report on Monday. They issued an “equal weight” rating and a $30.00 price target for the company. Four research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Liftoff Mobile presently has an average rating of “Buy” and an average target price of $35.17.

Liftoff Mobile Stock Performance

Shares of LFTO stock 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

In related news, Director Atlantic Genpar L.P. General acquired 1,304,347 shares of the business’s stock in a transaction on Friday, June 5th. The stock was bought at an average cost of $23.00 per share, with a total value of $29,999,981.00. Following the completion of the acquisition, the director owned 25,315,646 shares in the company, valued at $582,259,858. The trade was a 5.43% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.