Liftoff Mobile, Inc. (NASDAQ:LFTO) Receives $35.85 Consensus PT from Analysts

Shares of Liftoff Mobile, Inc. (NASDAQ:LFTO) have been given a consensus rating of “Moderate Buy” by the nineteen analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $35.8462.

A number of brokerages have weighed in on LFTO. Raymond James Financial reaffirmed an “outperform” rating and issued a $33.00 target price on shares of Liftoff Mobile in a report on Thursday, August 13th. Barclays started coverage on Liftoff Mobile in a research report on Monday, June 29th. They set an “overweight” rating and a $34.00 target price on the stock. Wolfe Research began coverage on Liftoff Mobile in a research report on Monday, June 29th. They set a “peer perform” rating on the stock. Jefferies Financial Group began coverage on Liftoff Mobile in a research note on Monday, June 29th. They issued a “buy” rating and a $34.00 price target on the stock. Finally, Weiss Ratings raised shares of Liftoff Mobile from a “sell (e)” rating to a “sell (d)” rating in a research note on Monday.

Liftoff Mobile Stock Performance

Shares of LFTO stock opened at $16.39 on Friday. Liftoff Mobile has a 52 week low of $16.17 and a 52 week high of $30.10. The business’s 50 day moving average is $20.86.

Liftoff Mobile (NASDAQ:LFTO) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.52) by $0.49. The firm had revenue of $219.51 million for the quarter. On average, analysts forecast that Liftoff Mobile will post 0.7 EPS for the current year.

Hedge Funds Weigh In On Liftoff Mobile

Hedge funds and other institutional investors have recently modified their holdings of the stock. HBK Investments L P bought a new stake in Liftoff Mobile in the second quarter worth $6,155,000. Parkside Financial Bank & Trust purchased a new position in Liftoff Mobile in the second quarter valued at $30,000. Readystate Asset Management LP purchased a new position in shares of Liftoff Mobile in the second quarter valued at approximately $1,677,000. Alyeska Investment Group L.P. acquired a new stake in shares of Liftoff Mobile in the 2nd quarter worth $14,412,000. Finally, Wellington Management Group LLP purchased a new position in Liftoff Mobile during the second quarter worth about $4,433,000.

About Liftoff Mobile

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.