Liftoff Mobile (NASDAQ:LFTO) Upgraded at Raymond James Financial

Liftoff Mobile (NASDAQ:LFTO) was upgraded by stock analysts at Raymond James Financial to a “moderate buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research firms have also recently issued reports on LFTO. Wall Street Zen raised shares of Liftoff Mobile to a “hold” rating in a report on Saturday, June 6th. Royal Bank Of Canada assumed coverage on Liftoff Mobile in a research report on Monday. They set an “outperform” rating and a $35.00 target price on the stock. Wolfe Research began coverage on Liftoff Mobile in a research note on Monday. They set a “peer perform” rating for the company. BTIG Research began coverage on Liftoff Mobile in a report on Monday. They issued a “buy” rating and a $35.00 price target for the company. Finally, Morgan Stanley initiated coverage on Liftoff Mobile in a research note on Monday. They issued an “equal weight” rating and a $30.00 price target on the stock. Four research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Liftoff Mobile currently has an average rating of “Buy” and an average target price of $35.17.

Liftoff Mobile Stock Down 7.0%

Shares of Liftoff Mobile stock opened at $25.47 on Monday. Liftoff Mobile has a one year low of $23.08 and a one year high of $30.10.

Insiders Place Their Bets

In related news, Director Atlantic Genpar L.P. General bought 1,304,347 shares of the stock in a transaction on Friday, June 5th. The shares were bought 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 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.