Life360 (NASDAQ:LIF) Stock Price Up 3.6%

Shares of Life360, Inc. (NASDAQ:LIF) shot up 3.6% on Tuesday . The company traded as high as $40.77 and last traded at $40.77. 26,911 shares were traded during mid-day trading, a decline of 90% from the average session volume of 269,065 shares. The stock had previously closed at $39.35.

Analysts Set New Price Targets

A number of equities research analysts recently commented on LIF shares. UBS Group lifted their target price on Life360 from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Stifel Nicolaus restated a “buy” rating and set a $40.00 price objective (up from $37.00) on shares of Life360 in a research note on Friday, August 9th. Jefferies Financial Group began coverage on shares of Life360 in a research note on Friday, August 9th. They issued a “buy” rating and a $43.00 price objective on the stock. 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. Finally, Canaccord Genuity Group raised shares of Life360 to a “strong-buy” rating in a report on Monday, June 17th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Life360 presently has a consensus rating of “Buy” and a consensus target price of $39.75.

Life360 Trading Up 5.1 %

The firm has a 50 day moving average price of $35.65.

Life360 (NASDAQ:LIF) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. Life360 had a negative return on equity of 9.81% and a negative net margin of 9.26%. The business had revenue of $84.86 million during the quarter, compared to analysts’ expectations of $85.00 million. Analysts anticipate that Life360, Inc. will post -0.29 EPS for the current year.

Insiders Place Their Bets

In other news, Director James Synge sold 33,617 shares of Life360 stock in a transaction dated 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 sale, the director now owns 291,944 shares in the company, valued at $10,813,605.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director James Synge sold 33,617 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was 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 in the company, valued at $10,813,605.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles J. Prober sold 40,000 shares of Life360 stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total value of $1,298,000.00. Following the completion of the sale, the director now directly owns 106,742 shares in the company, valued at $3,463,777.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,088 shares of company stock worth $2,672,781.

Institutional Investors Weigh In On Life360

Large investors have recently modified their holdings of the business. Regal Partners Ltd acquired a new position in Life360 during the second quarter worth about $23,635,000. Millennium Management LLC purchased a new position in Life360 in the 2nd quarter worth approximately $11,861,000. Ghisallo Capital Management LLC acquired a new position in shares of Life360 during the 2nd quarter worth approximately $8,098,000. Emerald Advisers LLC purchased a new stake in shares of Life360 in the second quarter valued at approximately $6,777,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Life360 in the second quarter valued at approximately $5,488,000.

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.