Life360 (NASDAQ:LIF) Upgraded at UBS Group

UBS Group upgraded shares of Life360 (NASDAQ:LIF) from a neutral rating to a buy rating in a report released on Friday morning, Marketbeat Ratings reports. UBS Group currently has $55.00 price objective on the stock, up from their prior price objective of $52.00.

A number of other brokerages have also issued reports on LIF. Stifel Nicolaus lifted their target price 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. JMP Securities increased their target price on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group raised 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. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $47.63.

Life360 Stock Up 6.9 %

NASDAQ LIF opened at $43.37 on Friday. Life360 has a 1 year low of $26.00 and a 1 year high of $52.76. The business’s fifty day moving average is $43.92 and its two-hundred day moving average is $39.89.

Insider Buying and Selling

In other Life360 news, CEO Chris Hulls sold 556,569 shares of the company’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 sale, the chief executive officer now owns 952,696 shares in the company, valued at $39,079,589.92. This represents a 36.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark Goines sold 50,000 shares of Life360 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 transaction, the director now owns 76,272 shares of the company’s stock, valued at $3,104,270.40. This represents a 39.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 635,881 shares of company stock worth $26,117,045.

Institutional Trading of Life360

Hedge funds have recently added to or reduced their stakes in the company. Point72 DIFC Ltd acquired a new position in shares of Life360 during the 2nd quarter worth approximately $43,000. BNP Paribas Financial Markets acquired a new stake in Life360 during the third quarter worth approximately $98,000. MetLife Investment Management LLC bought a new position in Life360 during the 3rd quarter worth $139,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Life360 in the 2nd quarter valued at $192,000. Finally, SG Americas Securities LLC bought a new stake in shares of Life360 during the 3rd quarter valued at $246,000. 20.00% of the stock is owned by institutional investors and hedge funds.

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.