Liftoff Mobile (NASDAQ:LFTO) Stock Rating Upgraded by Wells Fargo & Company

Liftoff Mobile (NASDAQ:LFTO) was upgraded by equities research analysts at Wells Fargo & Company to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

LFTO has been the topic of a number of other research reports. Weiss Ratings began coverage on shares of Liftoff Mobile in a report on Thursday, June 4th. They issued a “sell (e)” rating on the stock. Royal Bank Of Canada assumed coverage on shares of Liftoff Mobile in a research note on Monday. They issued an “outperform” rating and a $35.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Liftoff Mobile in a report on Monday. They set a “buy” rating and a $37.00 price target on the stock. William Blair assumed coverage on Liftoff Mobile in a research report on Monday. They set an “outperform” rating for the company. Finally, Wall Street Zen raised Liftoff Mobile to a “hold” rating in a report on Saturday, June 6th. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $35.17.

Liftoff Mobile Stock Performance

Shares of NASDAQ LFTO opened at $25.47 on Monday. Liftoff Mobile has a 12-month low of $23.08 and a 12-month high of $30.10.

Insiders Place Their Bets

In related news, Director Atlantic Genpar L.P. General bought 1,304,347 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average price of $23.00 per share, for a total transaction of $29,999,981.00. Following the transaction, the director directly owned 25,315,646 shares of the company’s stock, valued at approximately $582,259,858. This represents a 5.43% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.