Liftoff Mobile (NASDAQ:LFTO) Stock Rating Upgraded by Piper Sandler

Liftoff Mobile (NASDAQ:LFTO) was upgraded by research analysts at Piper Sandler to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

A number of other research analysts have also issued reports on LFTO. Zacks Research upgraded Liftoff Mobile to a “hold” rating in a research report on Tuesday, June 30th. Weiss Ratings raised Liftoff Mobile from a “sell (e)” rating to a “sell (d)” rating in a report on Monday, September 14th. Wells Fargo & Company raised their target price on shares of Liftoff Mobile from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft initiated coverage on Liftoff Mobile in a research report on Monday, June 29th. They set a “buy” rating and a $37.00 price target on the stock. Finally, Freedom Broker raised shares of Liftoff Mobile to a “hold” rating in a research note on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.64.

Liftoff Mobile Stock Performance

Shares of NASDAQ:LFTO opened at $16.35 on Tuesday. Liftoff Mobile has a 1-year low of $16.14 and a 1-year high of $30.10. The business’s fifty day simple moving average is $20.60.

Liftoff Mobile (NASDAQ:LFTO) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.52) by $0.49. The business had revenue of $219.51 million during the quarter. As a group, equities research analysts anticipate that Liftoff Mobile will post 0.7 EPS for the current year.

Institutional Investors Weigh In On Liftoff Mobile

Several large 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 worth approximately $30,000. WT Asset Management Ltd bought a new stake in Liftoff Mobile in the second quarter valued at $480,000. Legal & General Group Plc acquired a new position in Liftoff Mobile during the second quarter worth $486,000. Bank of America Corp DE acquired a new position in Liftoff Mobile during the second quarter worth $1,282,000. Finally, Readystate Asset Management LP bought a new position in shares of Liftoff Mobile during the second quarter valued at $1,677,000.

About Liftoff Mobile

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.