Liftoff Mobile (NASDAQ:LFTO) Rating Increased to Hold at Freedom Broker

Freedom Broker upgraded shares of Liftoff Mobile (NASDAQ:LFTO) to a hold rating in a report issued on Thursday morning,Zacks reports.

A number of other research firms also recently issued reports on LFTO. Wall Street Zen upgraded shares of Liftoff Mobile from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Liftoff Mobile in a research report on Tuesday, September 1st. UBS Group increased their price objective on shares of Liftoff Mobile from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Morgan Stanley began coverage on Liftoff Mobile in a research note on Monday, June 29th. They issued an “equal weight” rating and a $30.00 target price for the company. Finally, Cannonball Research raised Liftoff Mobile to a “hold” rating in a report on Saturday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.85.

Liftoff Mobile Stock Performance

Shares of NASDAQ LFTO opened at $18.35 on Thursday. The company’s 50 day moving average price is $21.47. Liftoff Mobile has a 52-week low of $17.47 and a 52-week high of $30.10.

Liftoff Mobile (NASDAQ:LFTO) last posted its quarterly earnings results 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 firm had revenue of $219.51 million for the quarter. As a group, equities research analysts predict that Liftoff Mobile will post 0.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Liftoff Mobile

Several hedge funds have recently made changes to their positions in LFTO. WT Asset Management Ltd acquired a new stake in Liftoff Mobile during the second quarter valued at approximately $480,000. Legal & General Group Plc bought a new position in shares of Liftoff Mobile in the second quarter valued at $486,000. Bank of America Corp DE acquired a new stake in shares of Liftoff Mobile during the 2nd quarter valued at $1,282,000. Wellington Management Group LLP bought a new stake in shares of Liftoff Mobile during the 2nd quarter worth $4,433,000. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Liftoff Mobile during the 2nd quarter worth $14,412,000.

Liftoff Mobile Company Profile

Liftoff Mobile, Inc is a mobile technology company that provides software and services designed to help app developers and advertisers acquire, engage and monetize users. Its platform uses data-driven advertising and machine-learning tools to support user acquisition, retargeting, campaign optimization and creative testing across mobile applications.

The company also serves mobile publishers by offering advertising monetization solutions, including tools for managing and optimizing in-app ad inventory.