Life360, Inc. (NASDAQ:LIF) Receives $47.63 Consensus PT from Analysts

Life360, Inc. (NASDAQ:LIF) has been assigned an average rating of “Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $47.63.

A number of research analysts recently weighed in on the stock. Canaccord Genuity Group lifted their target price on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. UBS Group raised shares of Life360 from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $52.00 to $55.00 in a research note on Friday, January 17th. JMP Securities upped their target price on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. Finally, 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 note on Monday, October 28th.

Life360 Stock Down 4.2 %

LIF stock opened at $45.72 on Friday. Life360 has a 12-month low of $26.00 and a 12-month high of $52.76. The stock’s 50 day simple moving average is $44.49 and its 200 day simple moving average is $40.83.

Insider Activity

In other Life360 news, Director Mark Goines sold 50,000 shares of Life360 stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $40.70, for a total transaction of $2,035,000.00. Following the completion of the sale, the director now directly owns 76,272 shares in the company, valued at $3,104,270.40. This trade represents a 39.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Russell John Burke sold 3,104 shares of the company’s stock in a transaction that occurred 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 owns 158,066 shares in the company, valued at $6,950,162.02. The trade was a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 638,985 shares of company stock worth $26,262,250 in the last quarter.

Institutional Trading of Life360

A number of large investors have recently made changes to their positions in LIF. WealthPlan Investment Management LLC boosted its stake in shares of Life360 by 2.5% during the fourth quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company’s stock worth $412,000 after buying an additional 247 shares during the period. New York State Common Retirement Fund purchased a new stake in shares of Life360 during the fourth quarter worth approximately $25,000. Emerald Mutual Fund Advisers Trust grew its position in Life360 by 0.4% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company’s stock valued at $6,697,000 after buying an additional 736 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in Life360 in the second quarter valued at about $43,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Life360 in the third quarter valued at approximately $98,000. 20.00% of the stock is owned by institutional investors and hedge funds.

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.