Liftoff Mobile (NASDAQ:LFTO) Upgraded by Royal Bank Of Canada to “Moderate Buy” Rating

Royal Bank Of Canada upgraded shares of Liftoff Mobile (NASDAQ:LFTO) to a moderate buy rating in a report issued on Monday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company initiated coverage on shares of Liftoff Mobile in a research note on Monday. They set an “overweight” rating and a $32.00 target price for the company. Wall Street Zen raised Liftoff Mobile to a “hold” rating in a research report on Saturday, June 6th. The Goldman Sachs Group assumed coverage on Liftoff Mobile in a research note on Monday. They issued a “buy” rating and a $40.00 price target on the stock. Wolfe Research initiated coverage on Liftoff Mobile in a research report on Monday. They set a “peer perform” rating for the company. Finally, Raymond James Financial began coverage on Liftoff Mobile in a research note on Monday. They set an “outperform” rating and a $32.00 price objective for the company. Four analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Liftoff Mobile currently has an average rating of “Buy” and a consensus price target of $35.17.

Liftoff Mobile Price Performance

Shares of NASDAQ LFTO opened at $25.47 on Monday. Liftoff Mobile has a 1 year low of $23.08 and a 1 year high of $30.10.

Insider Activity at Liftoff Mobile

In other news, Director Atlantic Genpar L.P. General acquired 1,304,347 shares of Liftoff Mobile stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average price of $23.00 per share, for a total transaction of $29,999,981.00. Following the completion of the transaction, the director owned 25,315,646 shares in the company, valued at $582,259,858. The trade was a 5.43% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.