Liftoff Mobile (NASDAQ:LFTO) Raised to “Strong-Buy” at UBS Group

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

Other equities analysts have also recently issued reports about the company. Weiss Ratings assumed coverage on Liftoff Mobile in a report on Thursday, June 4th. They set a “sell (e)” rating on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Liftoff Mobile in a research report on Monday. They set a “buy” rating and a $37.00 target price on the stock. Cantor Fitzgerald began coverage on shares of Liftoff Mobile in a research note on Monday. They set an “overweight” rating and a $33.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of Liftoff Mobile in a report on Monday. They issued a “buy” rating and a $40.00 price target for the company. Finally, Wolfe Research started coverage on shares of Liftoff Mobile in a report on Monday. They set a “peer perform” rating on the stock. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.17.

Liftoff Mobile Stock Performance

Shares of Liftoff Mobile stock opened at $24.02 on Monday. Liftoff Mobile has a one year low of $23.08 and a one year high of $30.10.

Insider Transactions at Liftoff Mobile

In other Liftoff Mobile news, Director Atlantic Genpar L.P. General purchased 1,304,347 shares of Liftoff Mobile stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average price of $23.00 per share, with a total value of $29,999,981.00. Following the transaction, the director owned 25,315,646 shares in the company, valued at $582,259,858. This trade represents a 5.43% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.