Brokerages Set Liftoff Mobile, Inc. (NASDAQ:LFTO) PT at $35.46

Liftoff Mobile, Inc. (NASDAQ:LFTO) has earned an average rating of “Moderate Buy” from the seventeen analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, eleven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $35.4615.

Several brokerages recently commented on LFTO. Wolfe Research initiated coverage on Liftoff Mobile in a report on Monday, June 29th. They issued a “peer perform” rating on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Liftoff Mobile in a report on Monday, June 29th. They set a “buy” rating and a $37.00 price target for the company. Weiss Ratings started coverage on shares of Liftoff Mobile in a research report on Thursday, June 4th. They issued a “sell (e)” rating on the stock. Cantor Fitzgerald assumed coverage on shares of Liftoff Mobile in a research note on Monday, June 29th. They issued an “overweight” rating and a $33.00 price objective on the stock. Finally, Raymond James Financial started coverage on shares of Liftoff Mobile in a research note on Monday, June 29th. They issued an “outperform” rating and a $32.00 price objective on the stock.

Liftoff Mobile Stock Down 1.2%

Shares of LFTO opened at $21.96 on Friday. Liftoff Mobile has a 1 year low of $21.43 and a 1 year high of $30.10. The business’s 50-day moving average is $24.50.

Insider Transactions at Liftoff Mobile

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