Life360 (NASDAQ:LIF) Upgraded to Buy at UBS Group

UBS Group upgraded shares of Life360 (NASDAQ:LIF) from a neutral rating to a buy rating in a research report sent to investors on Friday morning, MarketBeat Ratings reports. UBS Group currently has $55.00 target price on the stock, up from their previous target price of $52.00.

LIF has been the topic of a number of other reports. Canaccord Genuity Group boosted their target price on shares of Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Stifel Nicolaus lifted their target price on Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, JMP Securities upped their price objective on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Life360 has an average rating of “Buy” and an average target price of $47.63.

Life360 Trading Up 6.9 %

Shares of LIF opened at $43.37 on Friday. Life360 has a 52 week low of $26.00 and a 52 week high of $52.76. The stock has a fifty day moving average of $43.92 and a 200-day moving average of $39.89.

Insiders Place Their Bets

In other news, CFO Russell John Burke sold 3,104 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $42.74, for a total transaction of $132,664.96. Following the transaction, the chief financial officer now owns 151,858 shares of the company’s stock, valued at $6,490,410.92. This represents a 2.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Philip Coghlan sold 10,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.50, for a total value of $415,000.00. Following the transaction, the director now owns 41,628 shares of the company’s stock, valued at $1,727,562. The trade was a 19.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 635,881 shares of company stock valued at $26,117,045 in the last three months.

Institutional Investors Weigh In On Life360

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hodges Capital Management Inc. purchased a new stake in Life360 during the third quarter valued at about $3,876,000. FMR LLC increased its position in shares of Life360 by 6.1% during the 3rd quarter. FMR LLC now owns 1,520,135 shares of the company’s stock valued at $59,817,000 after purchasing an additional 86,917 shares during the last quarter. State Street Corp purchased a new position in shares of Life360 during the 3rd quarter valued at about $2,393,000. The Manufacturers Life Insurance Company bought a new stake in Life360 in the 3rd quarter worth approximately $675,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in Life360 during the third quarter valued at $547,000. 20.00% of the stock is currently owned by institutional investors.

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.