Liftoff Mobile, Inc. (NASDAQ:LFTO) Stock Has Consensus Price Target of $34.64 According to Analysts

Liftoff Mobile, Inc. (NASDAQ:LFTO) has received an average recommendation of “Moderate Buy” from the twenty research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $33.60.

A number of equities research analysts have weighed in on LFTO shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Liftoff Mobile in a report on Monday, June 29th. They issued a “buy” rating and a $37.00 price objective on the stock. William Blair started coverage on Liftoff Mobile in a research note on Monday, June 29th. They issued an “outperform” rating on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $33.00 price objective on shares of Liftoff Mobile in a research report on Thursday, August 13th. Barclays started coverage on Liftoff Mobile in a report on Monday, June 29th. They issued an “overweight” rating and a $34.00 target price on the stock. Finally, Tigress Financial increased their target price on Liftoff Mobile from $39.00 to $41.00 and gave the stock a “buy” rating in a research note on Tuesday, September 1st.

Liftoff Mobile Price Performance

Shares of Liftoff Mobile stock opened at $15.41 on Wednesday. Liftoff Mobile has a 12 month low of $15.02 and a 12 month high of $30.10. The stock has a market capitalization of $2.61 billion and a price-to-earnings ratio of -513.67. The firm’s fifty day moving average price is $18.81.

Liftoff Mobile (NASDAQ:LFTO) last released its earnings results on Wednesday, August 12th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.49. The business had revenue of $219.51 million during the quarter. As a group, equities analysts expect that Liftoff Mobile will post 0.74 EPS for the current year.

Institutional Trading of Liftoff Mobile

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Parkside Financial Bank & Trust purchased a new stake in shares of Liftoff Mobile during the second quarter valued at approximately $30,000. Legal & General Group Plc purchased a new position in Liftoff Mobile in the 2nd quarter worth approximately $486,000. WT Asset Management Ltd purchased a new position in Liftoff Mobile in the 2nd quarter worth approximately $480,000. Bank of America Corp DE bought a new position in Liftoff Mobile in the 2nd quarter valued at approximately $1,282,000. Finally, Readystate Asset Management LP bought a new position in Liftoff Mobile in the 2nd quarter valued at approximately $1,677,000.

Liftoff Mobile Company Profile

Liftoff Mobile, Inc is a mobile technology company that provides marketing, advertising and monetization solutions for app developers, advertisers and publishers. Its platform helps businesses acquire and retain mobile users through programmatic advertising, audience targeting, retargeting and campaign optimization.

The company offers tools designed to support the mobile app lifecycle, including user-acquisition campaigns, creative development and testing, influencer marketing, and in-app advertising monetization.