Stifel Nicolaus Boosts Life360 (NASDAQ:LIF) Price Target to $50.00

Life360 (NASDAQ:LIF) had its price objective lifted by Stifel Nicolaus from $40.00 to $50.00 in a research report released on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also issued reports on LIF. Loop Capital lifted their price target on shares of Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. JMP Securities boosted their target price on shares of Life360 from $38.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Friday, August 9th. Jefferies Financial Group started coverage on Life360 in a research note on Friday, August 9th. They issued a “buy” rating and a $43.00 price target for the company. Finally, UBS Group boosted their price objective on Life360 from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $41.00.

Life360 Stock Performance

Shares of LIF stock opened at $44.10 on Monday. Life360 has a fifty-two week low of $26.00 and a fifty-two week high of $46.12. The firm has a fifty day simple moving average of $39.66.

Life360 (NASDAQ:LIF) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $85.00 million. On average, analysts forecast that Life360 will post -0.37 earnings per share for the current year.

Insider Transactions at Life360

In other Life360 news, Director James Synge sold 3,471 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $37.34, for a total value of $129,607.14. Following the sale, the director now owns 67,102 shares in the company, valued at approximately $2,505,588.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director James Synge sold 3,471 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $37.34, for a total value of $129,607.14. Following the transaction, the director now owns 67,102 shares in the company, valued at approximately $2,505,588.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles J. Prober sold 40,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $32.45, for a total transaction of $1,298,000.00. Following the completion of the sale, the director now directly owns 106,742 shares in the company, valued at approximately $3,463,777.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,088 shares of company stock worth $2,672,781.

Institutional Trading of Life360

A number of large investors have recently bought and sold shares of the business. Regal Partners Ltd acquired a new position in shares of Life360 in the 2nd quarter valued at about $23,635,000. XY Capital Ltd bought a new position in shares of Life360 during the 2nd quarter worth approximately $205,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Life360 during the 2nd quarter worth approximately $5,488,000. Emerald Advisers LLC acquired a new position in shares of Life360 during the 2nd quarter valued at $6,777,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Life360 during the 2nd quarter valued at $43,000.

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.