Liftoff Mobile (NASDAQ:LFTO) Upgraded at Royal Bank Of Canada

Liftoff Mobile (NASDAQ:LFTO) was upgraded by equities research analysts at Royal Bank Of Canada to a “moderate buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Wolfe Research began coverage on shares of Liftoff Mobile in a research note on Monday. They issued a “peer perform” rating for the company. UBS Group started coverage on Liftoff Mobile in a report on Monday. They issued a “buy” rating and a $38.00 price target for the company. Cantor Fitzgerald initiated coverage on Liftoff Mobile in a research report on Monday. They issued an “overweight” rating and a $33.00 price objective for the company. Deutsche Bank Aktiengesellschaft started coverage on Liftoff Mobile in a research note on Monday. They set a “buy” rating and a $37.00 price objective for the company. Finally, BTIG Research assumed coverage on Liftoff Mobile in a research note on Monday. They issued a “buy” rating and a $35.00 target price for the company. Four research 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. According to MarketBeat, Liftoff Mobile currently has a consensus rating of “Buy” and a consensus target price of $35.17.

Liftoff Mobile Stock Down 7.0%

Shares of Liftoff Mobile stock opened at $25.47 on Monday. Liftoff Mobile has a 1-year low of $23.08 and a 1-year high of $30.10.

Insider Transactions at Liftoff Mobile

In other news, Director Atlantic Genpar L.P. General acquired 1,304,347 shares of the stock in a transaction on Friday, June 5th. The stock was acquired at an average cost of $23.00 per share, for a total transaction of $29,999,981.00. Following the completion of 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 purchase was disclosed in a filing with the SEC, which is available through the SEC website.