Life360 (NASDAQ:LIF) Trading Up 3.6%

Life360, Inc. (NASDAQ:LIF) shares traded up 3.6% on Tuesday . The stock traded as high as $40.77 and last traded at $40.77. 26,911 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 269,065 shares. The stock had previously closed at $39.35.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LIF shares. Jefferies Financial Group began coverage on shares of Life360 in a research note on Friday, August 9th. They issued a “buy” rating and a $43.00 price objective for the company. Evercore ISI upgraded Life360 to a “strong-buy” rating and set a $37.00 price target on the stock in a report on Monday, June 17th. JMP Securities boosted their price objective on Life360 from $38.00 to $40.00 and gave the company a “market outperform” rating in a report on Friday, August 9th. Canaccord Genuity Group assumed coverage on Life360 in a research note on Monday, June 17th. They issued a “buy” rating and a $40.00 target price on the stock. Finally, UBS Group boosted their target price on shares of Life360 from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Life360 presently has an average rating of “Buy” and an average price target of $39.75.

Life360 Stock Up 5.1 %

The company has a fifty day simple moving average of $35.65.

Life360 (NASDAQ:LIF) last issued its earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. The company had revenue of $84.86 million for the quarter, compared to analysts’ expectations of $85.00 million. Life360 had a negative net margin of 9.26% and a negative return on equity of 9.81%. Analysts expect that Life360, Inc. will post -0.29 EPS for the current year.

Insider Activity

In other Life360 news, Director James Synge sold 33,617 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $37.04, for a total transaction of $1,245,173.68. Following the completion of the sale, the director now owns 291,944 shares in the company, valued at $10,813,605.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Charles J. Prober sold 40,000 shares of Life360 stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $32.45, for a total value of $1,298,000.00. Following the transaction, the director now owns 106,742 shares of the company’s stock, valued at approximately $3,463,777.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James Synge sold 33,617 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $37.04, for a total transaction of $1,245,173.68. Following the sale, the director now directly owns 291,944 shares of the company’s stock, valued at approximately $10,813,605.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,088 shares of company stock worth $2,672,781.

Hedge Funds Weigh In On Life360

A number of large investors have recently made changes to their positions in LIF. Point72 DIFC Ltd purchased a new position in Life360 during the 2nd quarter worth $43,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Life360 during the second quarter valued at about $192,000. XY Capital Ltd purchased a new position in shares of Life360 in the 2nd quarter valued at approximately $205,000. Point72 Asset Management L.P. purchased a new position in shares of Life360 in the 2nd quarter valued at approximately $405,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in Life360 in the 2nd quarter worth approximately $5,488,000.

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.