Liftoff Mobile (NASDAQ:LFTO) Stock Rating Upgraded by Jefferies Financial Group

Liftoff Mobile (NASDAQ:LFTO) was upgraded by Jefferies Financial Group to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other research firms have also issued reports on LFTO. Weiss Ratings began coverage on shares of Liftoff Mobile in a research report on Thursday, June 4th. They set a “sell (e)” rating on the stock. Raymond James Financial initiated coverage on shares of Liftoff Mobile in a report on Monday. They issued an “outperform” rating and a $32.00 target price on the stock. Wall Street Zen upgraded shares of Liftoff Mobile to a “hold” rating in a research note on Saturday, June 6th. William Blair started coverage on Liftoff Mobile in a report on Monday. They set an “outperform” rating for the company. Finally, The Goldman Sachs Group started coverage on Liftoff Mobile in a research note on Monday. They issued a “buy” rating and a $40.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.17.

Liftoff Mobile Trading Down 5.7%

NASDAQ:LFTO opened at $24.02 on Monday. Liftoff Mobile has a twelve month low of $23.08 and a twelve month high of $30.10.

Insiders Place Their Bets

In related 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 stock was purchased at an average cost of $23.00 per share, for a total transaction of $29,999,981.00. Following the completion of the transaction, the director directly owned 25,315,646 shares of the company’s stock, valued at approximately $582,259,858. The trade was a 5.43% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.