Liftoff Mobile (NASDAQ:LFTO) Upgraded to Strong-Buy at Wells Fargo & Company

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

LFTO has been the subject of several other reports. Deutsche Bank Aktiengesellschaft began coverage on Liftoff Mobile in a report on Monday. They issued a “buy” rating and a $37.00 price target for the company. Raymond James Financial started coverage on shares of Liftoff Mobile in a research note on Monday. They set an “outperform” rating and a $32.00 price objective for the company. Wall Street Zen raised Liftoff Mobile to a “hold” rating in a research report on Saturday, June 6th. UBS Group started coverage on shares of Liftoff Mobile in a report on Monday. They set a “buy” rating and a $38.00 price target for the company. Finally, Barclays began coverage on Liftoff Mobile in a report on Monday. They set an “overweight” rating and a $34.00 price objective on the stock. Four investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Liftoff Mobile currently has an average rating of “Buy” and an average target price of $35.17.

Liftoff Mobile Stock Performance

Liftoff Mobile 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.

Insiders Place Their Bets

In other news, Director Atlantic Genpar L.P. General acquired 1,304,347 shares of the business’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 completion of the purchase, the director directly owned 25,315,646 shares of the company’s stock, valued at $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 can be accessed through this hyperlink.