Life360, Inc. (NASDAQ:LIF) Receives Consensus Rating of “Buy” from Analysts

Shares of Life360, Inc. (NASDAQ:LIF) have earned an average recommendation of “Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $47.00.

LIF has been the subject of several recent research reports. UBS Group lifted their price objective on Life360 from $35.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Stifel Nicolaus lifted their price target on shares of Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Canaccord Genuity Group increased their price objective on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, JMP Securities lifted their price objective on shares of Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th.

Insider Activity at Life360

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $43.97, for a total value of $136,482.88. Following the completion of the sale, the chief financial officer now owns 158,066 shares in the company, valued at approximately $6,950,162.02. The trade was a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark Goines sold 10,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $43.89, for a total value of $438,900.00. Following the completion of the sale, the director now directly owns 66,272 shares of the company’s stock, valued at $2,908,678.08. The trade was a 13.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 632,777 shares of company stock valued at $25,984,380 in the last ninety days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LIF. JPMorgan Chase & Co. boosted its stake in shares of Life360 by 295.6% during the third quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company’s stock worth $514,000 after buying an additional 9,754 shares during the period. Lord Abbett & CO. LLC purchased a new stake in Life360 during the 3rd quarter valued at approximately $7,995,000. Franklin Resources Inc. acquired a new stake in Life360 during the 3rd quarter worth approximately $4,689,000. Barclays PLC purchased a new position in shares of Life360 in the 3rd quarter valued at approximately $320,000. Finally, First Dallas Securities Inc. acquired a new position in shares of Life360 in the third quarter valued at approximately $273,000. 20.00% of the stock is owned by hedge funds and other institutional investors.

Life360 Trading Up 1.6 %

NASDAQ:LIF opened at $42.54 on Monday. Life360 has a 12-month low of $26.00 and a 12-month high of $52.76. The stock has a fifty day moving average price of $44.50 and a 200 day moving average price of $39.22.

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.