Life360 (NASDAQ:LIF) Shares Gap Up – Time to Buy?

Shares of Life360, Inc. (NASDAQ:LIF) gapped up before the market opened on Tuesday . The stock had previously closed at $43.41, but opened at $44.70. Life360 shares last traded at $44.93, with a volume of 51,612 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently commented on LIF shares. JMP Securities upped their price objective on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th. Loop Capital increased their price target on Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. UBS Group raised their price objective on Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Stifel Nicolaus upped their target price on shares of Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Jefferies Financial Group initiated coverage on shares of Life360 in a research note on Friday, August 9th. They set a “buy” rating and a $43.00 target price for the company. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $44.75.

Life360 Stock Performance

The stock’s 50 day simple moving average is $42.22.

Insider Activity at Life360

In related news, Director Charles J. Prober sold 40,000 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $32.45, for a total transaction of $1,298,000.00. Following the completion of the transaction, the director now directly owns 106,742 shares of the company’s stock, valued at $3,463,777.90. This represents a 27.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James Synge sold 3,471 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $37.34, for a total transaction of $129,607.14. Following the completion of the sale, the director now owns 67,102 shares of the company’s stock, valued at approximately $2,505,588.68. The trade was a 4.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 643,657 shares of company stock worth $25,918,241 in the last quarter.

Hedge Funds Weigh In On Life360

Large investors have recently modified their holdings of the business. Point72 DIFC Ltd purchased a new stake in shares of Life360 in the second quarter valued at approximately $43,000. BNP Paribas Financial Markets acquired a new position in shares of Life360 during the 3rd quarter worth $98,000. MetLife Investment Management LLC purchased a new position in shares of Life360 in the 3rd quarter valued at about $139,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Life360 in the 2nd quarter valued at about $192,000. Finally, XY Capital Ltd acquired a new stake in shares of Life360 in the second quarter valued at about $205,000.

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.