Life360 (NASDAQ:LIF) Sets New 12-Month High at $38.00

Life360, Inc. (NASDAQ:LIF)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $38.00 and last traded at $37.92, with a volume of 182885 shares trading hands. The stock had previously closed at $37.32.

Analyst Upgrades and Downgrades

LIF has been the subject of a number of recent analyst reports. Jefferies Financial Group assumed coverage on Life360 in a research note on Friday, August 9th. They issued a “buy” rating and a $43.00 price target for the company. Evercore ISI upgraded Life360 to a “strong-buy” rating and set a $37.00 target price on the stock in a report on Monday, June 17th. UBS Group lifted their price objective on Life360 from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Canaccord Genuity Group began coverage on shares of Life360 in a report on Monday, June 17th. They issued a “buy” rating and a $40.00 price target for the company. Finally, Canaccord Genuity Group raised Life360 to a “strong-buy” rating in a research report on Monday, June 17th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $39.75.

Life360 Trading Down 0.9 %

The stock’s fifty day moving average price is $33.31.

Institutional Trading of Life360

Hedge funds and other institutional investors have recently bought and sold shares of the business. Regal Partners Ltd bought a new stake in Life360 during the second quarter worth about $23,635,000. Millennium Management LLC acquired a new position in shares of Life360 in the 2nd quarter valued at approximately $11,861,000. Emerald Advisers LLC bought a new stake in shares of Life360 during the 2nd quarter worth approximately $6,777,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Life360 during the 2nd quarter worth approximately $5,488,000. Finally, Point72 Asset Management L.P. bought a new position in Life360 in the second quarter valued at approximately $405,000.

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.