Life360 (NASDAQ:LIF) Given New $50.00 Price Target at UBS Group

Life360 (NASDAQ:LIF) had its target price hoisted by UBS Group from $35.00 to $50.00 in a research note published on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts have also recently weighed in on the stock. Jefferies Financial Group started coverage on shares of Life360 in a report on Friday, August 9th. They set a “buy” rating and a $43.00 price objective for the company. Stifel Nicolaus boosted 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. JMP Securities boosted their target price on shares of Life360 from $38.00 to $40.00 and gave the company a “market outperform” rating in a research report on Friday, August 9th. Finally, Loop Capital boosted their target price on shares of Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. One 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $42.88.

Life360 Price Performance

LIF opened at $47.47 on Thursday. The firm’s 50 day moving average is $40.49. Life360 has a twelve month low of $26.00 and a twelve month high of $48.74.

Life360 (NASDAQ:LIF) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $84.86 million during the quarter, compared to analysts’ expectations of $85.00 million. As a group, research analysts predict that Life360 will post -0.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other Life360 news, Director Charles J. Prober sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $32.45, for a total value of $1,298,000.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director James Synge sold 33,617 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $37.04, for a total value of $1,245,173.68. Following the transaction, the director now owns 291,944 shares of the company’s stock, valued at approximately $10,813,605.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles J. Prober sold 40,000 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was 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 in the company, valued at $3,463,777.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,088 shares of company stock worth $2,672,781 over the last three months.

Hedge Funds Weigh In On Life360

Hedge funds have recently modified their holdings of the stock. Point72 DIFC Ltd purchased a new stake in Life360 during the second quarter valued at $43,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Life360 during the second quarter valued at $192,000. XY Capital Ltd purchased a new stake in Life360 during the second quarter valued at $205,000. SG Americas Securities LLC purchased a new stake in Life360 during the third quarter valued at $246,000. Finally, WealthPlan Investment Management LLC raised its stake in Life360 by 8.2% during the third quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company’s stock valued at $383,000 after purchasing an additional 738 shares in the last quarter.

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.