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

Shares of Life360, Inc. (NASDAQ:LIF) have been assigned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $47.00.

A number of brokerages recently issued reports on LIF. JMP Securities lifted their price target on shares of Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 14th. Stifel Nicolaus lifted their price objective on shares of Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. UBS Group increased their target price on Life360 from $35.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Loop Capital lifted 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. Finally, Canaccord Genuity Group upped their price objective on Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd.

Insiders Place Their Bets

In other news, CEO Chris Hulls sold 556,569 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $41.02, for a total transaction of $22,830,460.38. Following the transaction, the chief executive officer now directly owns 952,696 shares in the company, valued at approximately $39,079,589.92. This trade represents a 36.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Philip Coghlan sold 10,000 shares of Life360 stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.50, for a total transaction of $415,000.00. Following the completion of the transaction, the director now directly owns 41,628 shares in the company, valued at $1,727,562. The trade was a 19.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 629,673 shares of company stock valued at $25,855,843.

Hedge Funds Weigh In On Life360

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Emerald Advisers LLC purchased a new stake in Life360 in the 2nd quarter valued at approximately $6,777,000. Hodges Capital Management Inc. acquired a new stake in shares of Life360 in the 3rd quarter valued at approximately $3,876,000. FMR LLC boosted its stake in shares of Life360 by 6.1% in the third quarter. FMR LLC now owns 1,520,135 shares of the company’s stock valued at $59,817,000 after buying an additional 86,917 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in Life360 during the third quarter worth $675,000. Finally, Millennium Management LLC purchased a new position in Life360 in the second quarter worth $11,861,000. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Life360 Price Performance

Shares of LIF opened at $41.43 on Thursday. Life360 has a 1 year low of $26.00 and a 1 year high of $52.76. The firm has a 50-day moving average of $44.95.

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.