Life360, Inc. (NASDAQ:LIF) Given Average Recommendation of “Buy” by Brokerages

Shares of Life360, Inc. (NASDAQ:LIF) have been given an average rating of “Buy” by the eight research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $47.00.

A number of equities research analysts recently commented on the company. Canaccord Genuity Group lifted their target price on Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Stifel Nicolaus upped their price objective on shares of Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a report on Monday, October 28th. UBS Group increased their price objective on shares of Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, JMP Securities boosted their target price on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research report on Thursday, November 14th.

Insider Buying and Selling at Life360

In other Life360 news, CEO Chris Hulls sold 556,569 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $41.02, for a total value of $22,830,460.38. Following the transaction, the chief executive officer now directly owns 952,696 shares of the company’s stock, valued at $39,079,589.92. This trade represents a 36.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark Goines sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $40.70, for a total value of $2,035,000.00. Following the transaction, the director now owns 76,272 shares in the company, valued at approximately $3,104,270.40. This represents a 39.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 632,777 shares of company stock worth $25,984,380.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LIF. Emerald Mutual Fund Advisers Trust acquired a new position in Life360 in the 2nd quarter valued at about $5,488,000. Emerald Advisers LLC purchased a new position in Life360 in the second quarter worth approximately $6,777,000. Point72 DIFC Ltd acquired a new stake in Life360 during the second quarter worth $43,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Life360 during the second quarter worth $192,000. Finally, Millennium Management LLC purchased a new stake in Life360 in the second quarter valued at $11,861,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Life360 Stock Performance

Shares of LIF stock opened at $42.75 on Monday. The business has a fifty day moving average of $44.41 and a 200 day moving average of $39.63. Life360 has a 1 year low of $26.00 and a 1 year high of $52.76.

About Life360

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.