Life360 (NASDAQ:LIF) Sees Unusually-High Trading Volume After Analyst Upgrade

Life360, Inc. (NASDAQ:LIF) saw unusually-strong trading volume on Friday after JMP Securities raised their price target on the stock from $40.00 to $55.00. JMP Securities currently has a market outperform rating on the stock. Approximately 1,676,323 shares changed hands during mid-day trading, an increase of 534% from the previous session’s volume of 264,531 shares.The stock last traded at $41.34 and had previously closed at $43.88.

A number of other research firms have also weighed in on LIF. Loop Capital boosted their target price on Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Stifel Nicolaus boosted their price objective on Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Jefferies Financial Group started coverage on Life360 in a research note on Friday, August 9th. They issued a “buy” rating and a $43.00 target price for the company. Finally, UBS Group lifted their price target on Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One equities research 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. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $44.75.

Insider Activity

In related news, Director James Synge sold 3,471 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $37.34, for a total value of $129,607.14. Following the transaction, the director now directly owns 67,102 shares of the company’s stock, valued at $2,505,588.68. This trade represents a 4.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Chris Hulls sold 556,569 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $41.02, for a total transaction of $22,830,460.38. Following the completion of the transaction, the chief executive officer now owns 952,696 shares of the company’s stock, valued at $39,079,589.92. This represents a 36.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 633,657 shares of company stock worth $25,503,241.

Institutional Trading of Life360

A number of large investors have recently bought and sold shares of the business. Emerald Mutual Fund Advisers Trust raised its position in Life360 by 0.4% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company’s stock worth $6,697,000 after buying an additional 736 shares during the last quarter. WealthPlan Investment Management LLC lifted its position in Life360 by 8.2% in the third quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company’s stock valued at $383,000 after purchasing an additional 738 shares during the period. Point72 DIFC Ltd purchased a new stake in Life360 in the 2nd quarter valued at approximately $43,000. BNP Paribas Financial Markets acquired a new position in Life360 during the 3rd quarter worth approximately $98,000. Finally, MetLife Investment Management LLC purchased a new position in shares of Life360 during the 3rd quarter worth approximately $139,000.

Life360 Price Performance

The firm’s fifty day moving average is $41.24.

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.