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

Liftoff Mobile (NASDAQ:LFTO) was upgraded by equities research analysts at Freedom Broker to a “hold” rating in a note issued to investors on Thursday, Zacks reports.

A number of other equities research analysts also recently issued reports on the stock. Cannonball Research raised shares of Liftoff Mobile to a “hold” rating in a report on Saturday, September 5th. Wall Street Zen raised shares of Liftoff Mobile from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Barclays assumed coverage on shares of Liftoff Mobile in a research note on Monday, June 29th. They issued an “overweight” rating and a $34.00 target price on the stock. BTIG Research reissued a “buy” rating and issued a $35.00 price target on shares of Liftoff Mobile in a report on Thursday, August 13th. Finally, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Liftoff Mobile in a report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.85.

Liftoff Mobile Price Performance

Shares of NASDAQ LFTO opened at $18.35 on Thursday. Liftoff Mobile has a fifty-two week low of $17.47 and a fifty-two week high of $30.10. The company has a fifty day moving average of $21.47.

Liftoff Mobile (NASDAQ:LFTO) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.49. The company had revenue of $219.51 million for the quarter. As a group, equities research analysts predict that Liftoff Mobile will post 0.7 earnings per share for the current year.

Hedge Funds Weigh In On Liftoff Mobile

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

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.