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 note issued to investors on Monday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group assumed coverage on shares of Liftoff Mobile in a research note on Monday. They issued a “buy” rating and a $40.00 target price on the stock. Morgan Stanley assumed coverage on Liftoff Mobile in a research note on Monday. They set an “equal weight” rating and a $30.00 price objective on the stock. Cantor Fitzgerald started coverage on Liftoff Mobile in a report on Monday. They issued an “overweight” rating and a $33.00 price target for the company. Raymond James Financial began coverage on Liftoff Mobile in a research report on Monday. They set an “outperform” rating and a $32.00 price target on the stock. Finally, Weiss Ratings assumed coverage on shares of Liftoff Mobile in a research note on Thursday, June 4th. They set a “sell (e)” rating for the company. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.17.

Liftoff Mobile Stock Performance

LFTO opened at $24.02 on Monday. Liftoff Mobile has a 12-month low of $23.08 and a 12-month high of $30.10.

Insider Buying and Selling at Liftoff Mobile

In other Liftoff Mobile news, Director Atlantic Genpar L.P. General acquired 1,304,347 shares of Liftoff Mobile stock in a transaction dated 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 transaction, the director owned 25,315,646 shares in the company, valued at approximately $582,259,858. This trade represents a 5.43% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.