Liftoff Mobile (NASDAQ:LFTO) Upgraded at BTIG Research

Liftoff Mobile (NASDAQ:LFTO) was upgraded by equities research analysts at BTIG Research to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts also recently issued reports on LFTO. Cantor Fitzgerald assumed coverage on shares of Liftoff Mobile in a research report on Monday. They set an “overweight” rating and a $33.00 price objective for the company. Barclays started coverage on Liftoff Mobile in a research note on Monday. They set an “overweight” rating and a $34.00 target price on the stock. UBS Group assumed coverage on Liftoff Mobile in a report on Monday. They set a “buy” rating and a $38.00 price target for the company. Wall Street Zen upgraded Liftoff Mobile to a “hold” rating in a research note on Saturday, June 6th. Finally, Morgan Stanley started coverage on Liftoff Mobile in a report on Monday. They issued an “equal weight” rating and a $30.00 price objective on the stock. Four research analysts have rated the stock with a Strong Buy rating, eight have issued 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.com, Liftoff Mobile currently 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 52 week low of $23.08 and a 52 week high of $30.10.

Insider Activity

In other Liftoff Mobile news, Director Atlantic Genpar L.P. General bought 1,304,347 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were 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 in the company, valued at approximately $582,259,858. This trade represents a 5.43% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.