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

Life360, Inc. (NASDAQ:LIF) has been given a consensus recommendation of “Buy” by the eight research firms that are covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $47.63.

A number of equities research analysts recently commented on LIF shares. JMP Securities boosted their target price on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th. Stifel Nicolaus upped their price objective on Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, October 28th. UBS Group raised shares of Life360 from a “neutral” rating to a “buy” rating and raised their target price for the company from $52.00 to $55.00 in a report on Friday, January 17th. Finally, Canaccord Genuity Group upped their price target on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, December 2nd.

Life360 Trading Up 0.8 %

Shares of LIF stock opened at $47.70 on Friday. The company’s fifty day simple moving average is $44.39 and its two-hundred day simple moving average is $40.66. Life360 has a 52 week low of $26.00 and a 52 week high of $52.76.

Insiders Place Their Bets

In other news, Director Mark Goines sold 50,000 shares of the 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 sale, the director now directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Philip Coghlan sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.50, for a total value of $415,000.00. Following the transaction, the director now owns 41,628 shares of the company’s stock, valued at approximately $1,727,562. The trade was a 19.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 638,985 shares of company stock valued at $26,262,250 over the last three months.

Institutional Trading of Life360

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC bought a new stake in shares of Life360 during the second quarter valued at approximately $11,861,000. Point72 Asset Management L.P. purchased a new position in Life360 during the 2nd quarter worth $405,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Life360 during the 2nd quarter valued at $192,000. Point72 DIFC Ltd purchased a new stake in shares of Life360 in the 2nd quarter worth $43,000. Finally, SG Americas Securities LLC bought a new position in shares of Life360 during the 3rd quarter worth $246,000. Hedge funds and other institutional investors own 20.00% of the company’s stock.

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.