Analysts Set Life360, Inc. (NASDAQ:LIF) PT at $47.00

Shares of Life360, Inc. (NASDAQ:LIF) have received an average recommendation of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $47.00.

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

Insider Transactions at Life360

In other Life360 news, Director John Philip Coghlan sold 10,000 shares of the business’s 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 sale, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Russell John Burke sold 3,104 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $43.97, for a total transaction of $136,482.88. Following the sale, the chief financial officer now directly owns 158,066 shares in the company, valued at $6,950,162.02. This trade represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 629,673 shares of company stock valued at $25,855,843.

Institutional Trading of Life360

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 DIFC Ltd bought a new position in Life360 during the 2nd quarter worth $43,000. BNP Paribas Financial Markets bought a new position in shares of Life360 during the third quarter worth about $98,000. MetLife Investment Management LLC acquired a new stake in shares of Life360 in the 3rd quarter worth about $139,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Life360 in the 2nd quarter valued at about $192,000. Finally, XY Capital Ltd bought a new stake in Life360 in the 2nd quarter valued at about $205,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Life360 Stock Up 0.7 %

LIF stock opened at $43.81 on Thursday. Life360 has a 1 year low of $26.00 and a 1 year high of $52.76. The company has a 50-day moving average of $44.88.

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.