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

Shares of Life360, Inc. (NASDAQ:LIF) have earned a consensus rating of “Buy” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $47.63.

Several research firms have issued reports on LIF. UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and increased their target price for the stock from $52.00 to $55.00 in a research report on Friday, January 17th. Canaccord Genuity Group boosted their price objective on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Stifel Nicolaus raised their target price on Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, JMP Securities lifted their target price on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th.

Insider Activity

In related news, CFO Russell John Burke sold 3,104 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $41.41, for a total value of $128,536.64. Following the transaction, the chief financial officer now owns 154,962 shares of the company’s stock, valued at $6,416,976.42. This represents a 1.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 15,520 shares of company stock worth $682,383.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. New York State Common Retirement Fund bought a new position in shares of Life360 during the 4th quarter valued at $25,000. Summit Investment Advisors Inc. lifted its stake in Life360 by 82.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock worth $44,000 after purchasing an additional 484 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in Life360 during the third quarter valued at about $98,000. MetLife Investment Management LLC bought a new position in shares of Life360 during the third quarter valued at about $139,000. Finally, KBC Group NV purchased a new position in shares of Life360 in the fourth quarter worth about $147,000. 20.00% of the stock is currently owned by institutional investors.

Life360 Stock Down 3.9 %

NASDAQ LIF opened at $43.53 on Tuesday. The firm’s 50-day simple moving average is $43.97 and its two-hundred day simple moving average is $42.36. Life360 has a 52 week low of $26.00 and a 52 week high of $52.76.

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.