Life360 (NASDAQ:LIF) Price Target Raised to $50.00 at Stifel Nicolaus

Life360 (NASDAQ:LIF) had its price target lifted by Stifel Nicolaus from $40.00 to $50.00 in a research report sent to investors on Monday, Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. UBS Group boosted their target price on shares of Life360 from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. JMP Securities upped their price target on shares of Life360 from $38.00 to $40.00 and gave the company a “market outperform” rating in a research note on Friday, August 9th. Loop Capital upped their price target on shares of Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, Jefferies Financial Group started coverage on shares of Life360 in a research note on Friday, August 9th. They issued a “buy” rating and a $43.00 target price on the stock. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $41.00.

Life360 Price Performance

Shares of NASDAQ LIF opened at $42.87 on Monday. The firm’s 50 day simple moving average is $39.73. Life360 has a 12-month low of $26.00 and a 12-month high of $46.12.

Life360 (NASDAQ:LIF) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. Life360 had a negative net margin of 9.26% and a negative return on equity of 9.81%. The business had revenue of $84.86 million during the quarter, compared to analyst estimates of $85.00 million. Equities research analysts anticipate that Life360 will post -0.37 EPS for the current year.

Insider Activity

In other news, Director James Synge sold 3,471 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $37.34, for a total value of $129,607.14. Following the transaction, the director now directly owns 67,102 shares in the company, valued at approximately $2,505,588.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Life360 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 transaction, the director now directly owns 106,742 shares in the company, valued at $3,463,777.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Synge sold 3,471 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $37.34, for a total transaction of $129,607.14. Following the transaction, the director now owns 67,102 shares in the company, valued at approximately $2,505,588.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,088 shares of company stock valued at $2,672,781.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd bought a new position in Life360 during the 2nd quarter worth about $43,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Life360 during the 2nd quarter worth about $192,000. SG Americas Securities LLC purchased a new stake in shares of Life360 during the third quarter valued at about $246,000. XY Capital Ltd purchased a new stake in shares of Life360 during the second quarter valued at about $205,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Life360 during the second quarter valued at about $405,000.

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.