Canaccord Genuity Group Issues Positive Forecast for Life360 (NASDAQ:LIF) Stock Price

Life360 (NASDAQ:LIF) had its price objective upped by equities researchers at Canaccord Genuity Group from $54.00 to $58.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 10.52% from the stock’s current price.

Other research analysts have also issued reports about the company. JMP Securities lifted their target price on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a report on Thursday, November 14th. 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. UBS Group lifted their target price on Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Loop Capital lifted their target price on Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Jefferies Financial Group assumed coverage on Life360 in a report on Friday, August 9th. They set a “buy” rating and a $43.00 target price on the stock. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Life360 currently has a consensus rating of “Buy” and a consensus target price of $47.00.

Life360 Trading Up 0.9 %

Shares of LIF opened at $52.48 on Monday. Life360 has a one year low of $26.00 and a one year high of $52.76. The company’s fifty day simple moving average is $43.58.

Insiders Place Their Bets

In other Life360 news, Director James Synge sold 3,471 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $37.34, for a total transaction of $129,607.14. Following the completion of the sale, the director now directly owns 67,102 shares in the company, valued at approximately $2,505,588.68. This trade represents a 4.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mark Goines sold 10,000 shares of Life360 stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $43.89, for a total value of $438,900.00. Following the sale, the director now owns 66,272 shares of the company’s stock, valued at approximately $2,908,678.08. This represents a 13.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 703,657 shares of company stock worth $28,392,141.

Institutional Investors Weigh In On Life360

Several institutional investors and hedge funds have recently added to or reduced their stakes in LIF. Point72 DIFC Ltd acquired a new position in shares of Life360 during the second quarter worth approximately $43,000. BNP Paribas Financial Markets acquired a new position in shares of Life360 during the third quarter worth approximately $98,000. MetLife Investment Management LLC acquired a new position in shares of Life360 during the third quarter worth approximately $139,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Life360 during the second quarter worth approximately $192,000. Finally, XY Capital Ltd acquired a new position in shares of Life360 during the second quarter worth approximately $205,000.

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.