Liftoff Mobile, Inc. (NASDAQ:LFTO - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $17.79 and last traded at $17.98, with a volume of 47193 shares changing hands. The stock had previously closed at $18.50.

Analyst Upgrades and Downgrades

LFTO has been the topic of a number of recent analyst reports. Zacks Research raised shares of Liftoff Mobile to a "hold" rating in a research report on Tuesday, June 30th. Needham & Company LLC assumed coverage on shares of Liftoff Mobile in a research report on Monday, June 29th. They issued a "buy" rating and a $42.00 price objective for the company. William Blair began coverage on Liftoff Mobile in a research note on Monday, June 29th. They set an "outperform" rating on the stock. Raymond James Financial reiterated an "outperform" rating and set a $33.00 target price on shares of Liftoff Mobile in a report on Thursday, August 13th. Finally, Cantor Fitzgerald decreased their target price on Liftoff Mobile from $33.00 to $32.00 and set an "overweight" rating for the company in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $35.85.

Check Out Our Latest Analysis on Liftoff Mobile

Liftoff Mobile Price Performance

The stock has a 50-day moving average of $21.73.

Liftoff Mobile (NASDAQ:LFTO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.52) by $0.49. The business had revenue of $219.51 million during the quarter. As a group, equities research analysts predict that Liftoff Mobile, Inc. will post 0.7 earnings per share for the current year.

Institutional Investors Weigh In On Liftoff Mobile

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LFTO. Parkside Financial Bank & Trust bought a new stake in Liftoff Mobile during the 2nd quarter worth about $30,000. Legal & General Group Plc bought a new position in shares of Liftoff Mobile in the 2nd quarter valued at about $486,000. WT Asset Management Ltd acquired a new stake in shares of Liftoff Mobile in the second quarter valued at about $480,000. Bank of America Corp DE acquired a new stake in shares of Liftoff Mobile in the second quarter valued at about $1,282,000. Finally, Readystate Asset Management LP acquired a new stake in shares of Liftoff Mobile in the second quarter valued at about $1,677,000.

Liftoff Mobile Company Profile

(Get Free Report)

Liftoff Mobile Inc provides marketing and monetization solutions for the mobile app economy. Liftoff Mobile Inc is based in REDWOOD CITY, Calif.

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