Life360 (NASDAQ:LIF) Shares Gap Up to $35.70

Life360, Inc. (NASDAQ:LIF)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $35.70, but opened at $36.50. Life360 shares last traded at $36.85, with a volume of 18,265 shares.

Analyst Ratings Changes

LIF has been the subject of a number of recent research reports. Loop Capital raised their target price on Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Canaccord Genuity Group assumed coverage on Life360 in a research note on Monday, June 17th. They issued a “buy” rating and a $40.00 price objective on the stock. Evercore ISI raised shares of Life360 to a “strong-buy” rating and set a $37.00 price objective on the stock in a report on Monday, June 17th. UBS Group lifted their target price on shares of Life360 from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Finally, JMP Securities upped their price target on shares of Life360 from $38.00 to $40.00 and gave the company a “market outperform” rating in a research note on Friday, August 9th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $39.75.

Life360 Stock Up 3.4 %

The company has a 50 day moving average of $34.92.

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. Life360 had a negative net margin of 9.26% and a negative return on equity of 9.81%. The business had revenue of $84.86 million during the quarter, compared to analysts’ expectations of $85.00 million. On average, analysts forecast that Life360, Inc. will post -0.29 earnings per share for the current year.

Insider Activity at Life360

In other Life360 news, Director Charles J. Prober sold 40,000 shares of the company’s stock in a transaction 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 directly owns 106,742 shares in the company, valued at approximately $3,463,777.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, 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 completion of the sale, the director now owns 291,944 shares of the company’s stock, valued at $10,813,605.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles J. Prober sold 40,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 106,742 shares in the company, valued at $3,463,777.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,088 shares of company stock worth $2,672,781.

Hedge Funds Weigh In On Life360

Hedge funds have recently modified their holdings of the stock. Point72 DIFC Ltd purchased a new position in shares of Life360 in the second quarter worth about $43,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Life360 during the 2nd quarter valued at approximately $192,000. XY Capital Ltd acquired a new stake in shares of Life360 in the second quarter worth $205,000. Point72 Asset Management L.P. acquired a new stake in shares of Life360 in the second quarter worth $405,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in Life360 during the second quarter valued at $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.