HBK Investments L P Purchases New Stake in Liftoff Mobile, Inc. $LFTO

HBK Investments L P purchased a new stake in Liftoff Mobile, Inc. (NASDAQ:LFTO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 256,250 shares of the company’s stock, valued at approximately $6,155,000.

Several other institutional investors have also recently bought and sold shares of LFTO. Alyeska Investment Group L.P. bought a new position in shares of Liftoff Mobile in the second quarter valued at $14,412,000. Wellington Management Group LLP bought a new stake in shares of Liftoff Mobile during the second quarter worth about $4,433,000. Readystate Asset Management LP bought a new stake in shares of Liftoff Mobile during the second quarter worth about $1,677,000. Bank of America Corp DE acquired a new stake in shares of Liftoff Mobile in the 2nd quarter worth about $1,282,000. Finally, Legal & General Group Plc acquired a new stake in shares of Liftoff Mobile in the 2nd quarter worth about $486,000.

Analyst Ratings Changes

LFTO has been the topic of several recent research reports. Tigress Financial raised their price target on shares of Liftoff Mobile from $39.00 to $41.00 and gave the company a “buy” rating in a research report on Tuesday, September 1st. Royal Bank Of Canada started coverage on Liftoff Mobile in a report on Monday, June 29th. They set an “outperform” rating and a $35.00 price objective for the company. William Blair began coverage on Liftoff Mobile in a research note on Monday, June 29th. They issued an “outperform” rating for the company. BTIG Research restated a “buy” rating and issued a $35.00 target price on shares of Liftoff Mobile in a report on Thursday, August 13th. Finally, Cantor Fitzgerald dropped their target price on Liftoff Mobile from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $35.85.

Liftoff Mobile Price Performance

Shares of NASDAQ LFTO traded down $0.68 during trading on Wednesday, hitting $17.59. The stock had a trading volume of 740,551 shares, compared to its average volume of 839,163. The company’s fifty day moving average price is $21.30. Liftoff Mobile, Inc. has a 12 month low of $17.15 and a 12 month high of $30.10.

Liftoff Mobile (NASDAQ:LFTO) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.52) by $0.49. The firm had revenue of $219.51 million for the quarter. On average, research analysts anticipate that Liftoff Mobile, Inc. will post 0.7 EPS for the current fiscal year.

Liftoff Mobile Company Profile

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.