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

Shares of Life360, Inc. (NASDAQ:LIF) have been given a consensus rating of “Buy” by the eight ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $44.75.

Several brokerages recently commented on LIF. Stifel Nicolaus lifted their price objective on Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, October 28th. JMP Securities boosted their price target on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. UBS Group increased their price objective on shares of Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. 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, Jefferies Financial Group initiated coverage on shares of Life360 in a research report on Friday, August 9th. They issued a “buy” rating and a $43.00 price target on the stock.

Insider Buying and Selling at Life360

In other news, CEO Chris Hulls sold 556,569 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $41.02, for a total value of $22,830,460.38. Following the completion of the transaction, the chief executive officer now owns 952,696 shares of the company’s stock, valued at $39,079,589.92. This represents a 36.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James Synge sold 3,471 shares of the 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 of the company’s stock, valued at $2,505,588.68. This represents a 4.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 643,657 shares of company stock valued at $25,918,241 over the last 90 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LIF. Point72 DIFC Ltd purchased a new position in shares of Life360 in the second quarter worth $43,000. BNP Paribas Financial Markets bought a new stake in Life360 in the 3rd quarter valued at $98,000. MetLife Investment Management LLC purchased a new stake in Life360 in the 3rd quarter worth $139,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Life360 during the 2nd quarter valued at about $192,000. Finally, SG Americas Securities LLC purchased a new position in shares of Life360 during the third quarter valued at about $246,000.

Life360 Stock Up 0.6 %

NASDAQ:LIF opened at $42.47 on Friday. The stock has a 50 day moving average of $41.89. Life360 has a 12 month low of $26.00 and a 12 month high of $48.90.

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.