Life360 (NASDAQ:LIF) Sees Unusually-High Trading Volume – Should You Buy?

Life360, Inc. (NASDAQ:LIF) shares saw unusually-strong trading volume on Friday . Approximately 270,965 shares were traded during trading, a decline of 11% from the previous session’s volume of 302,984 shares.The stock last traded at $43.18 and had previously closed at $51.20.

Analyst Ratings Changes

A number of brokerages have commented on LIF. JMP Securities raised their price objective on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th. Canaccord Genuity Group increased their price target on shares of Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research 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 research note on Monday, October 28th. UBS Group increased their target price on shares of Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Loop Capital boosted their price target on shares of Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Life360 presently has a consensus rating of “Buy” and a consensus target price of $47.00.

Life360 Stock Performance

The business has a 50-day moving average of $44.51.

Insider Activity at Life360

In related news, CEO Chris Hulls sold 556,569 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was 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 approximately $39,079,589.92. This trade represents a 36.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles J. Prober sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total value of $1,298,000.00. Following the completion of the sale, the director now owns 106,742 shares of the company’s stock, valued at approximately $3,463,777.90. This trade represents a 27.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 700,186 shares of company stock valued at $28,262,534.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new stake in shares of Life360 in the second quarter valued at about $43,000. BNP Paribas Financial Markets bought a new stake in Life360 during the 3rd quarter valued at approximately $98,000. MetLife Investment Management LLC acquired a new stake in Life360 in the 3rd quarter valued at approximately $139,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Life360 during the second quarter worth approximately $192,000. Finally, XY Capital Ltd acquired a new position in shares of Life360 during the second quarter worth approximately $205,000.

Life360 Company Profile

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.