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

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

A number of equities research analysts have weighed in on the company. UBS Group lifted their price objective on 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 Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Canaccord Genuity Group increased 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. Finally, JMP Securities raised their target price on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th.

Insiders Place Their Bets

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $41.41, for a total value of $128,536.64. Following the sale, the chief financial officer now owns 154,962 shares of the company’s stock, valued at $6,416,976.42. This represents a 1.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark Goines sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $43.89, for a total transaction of $438,900.00. Following the transaction, the director now directly owns 66,272 shares of the company’s stock, valued at approximately $2,908,678.08. This trade represents a 13.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 632,777 shares of company stock worth $25,984,380.

Institutional Trading of Life360

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LIF. Point72 DIFC Ltd purchased a new stake in shares of Life360 during the second quarter worth about $43,000. BNP Paribas Financial Markets purchased a new stake in Life360 in the 3rd quarter worth approximately $98,000. MetLife Investment Management LLC acquired a new position in Life360 in the 3rd quarter valued at $139,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Life360 during the second quarter worth $192,000. Finally, SG Americas Securities LLC acquired a new position in Life360 in the third quarter valued at $246,000. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Life360 Stock Up 1.6 %

Shares of NASDAQ:LIF opened at $42.54 on Monday. Life360 has a fifty-two week low of $26.00 and a fifty-two week high of $52.76. The firm’s 50-day simple moving average is $44.50 and its 200-day simple moving average is $39.22.

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.