Life360 (NASDAQ:LIF) Price Target Raised to $55.00 at JMP Securities

Life360 (NASDAQ:LIF) had its price target lifted by JMP Securities from $40.00 to $55.00 in a report released on Thursday morning,Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

LIF has been the subject of a number of other research reports. UBS Group raised their target price on shares of Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Loop Capital raised their target price on shares of Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Jefferies Financial Group started 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. Finally, Stifel Nicolaus raised their target price on shares of Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Life360 currently has an average rating of “Buy” and a consensus price target of $44.75.

Life360 Stock Down 4.4 %

Shares of LIF opened at $41.95 on Thursday. The company has a 50-day moving average price of $41.24. Life360 has a one year low of $26.00 and a one year high of $48.90.

Insiders Place Their Bets

In other Life360 news, CEO Chris Hulls sold 556,569 shares of Life360 stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $41.02, for a total value of $22,830,460.38. Following the completion of the sale, the chief executive officer now owns 952,696 shares in the company, valued at $39,079,589.92. The trade was a 36.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the director now directly owns 67,102 shares in the company, valued at approximately $2,505,588.68. This represents a 4.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 633,657 shares of company stock worth $25,503,241 in the last quarter.

Hedge Funds Weigh In On Life360

Several hedge funds have recently bought and sold shares of LIF. Regal Partners Ltd bought a new position in Life360 in the 2nd quarter valued at about $23,635,000. XY Capital Ltd bought a new position in Life360 in the 2nd quarter valued at about $205,000. Emerald Mutual Fund Advisers Trust bought a new position in Life360 in the 2nd quarter valued at about $5,488,000. Emerald Advisers LLC bought a new position in Life360 in the 2nd quarter valued at about $6,777,000. Finally, Point72 DIFC Ltd bought a new position in Life360 in the 2nd quarter valued at about $43,000.

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.