Brokerages Set Life360, Inc. (NASDAQ:LIF) Target Price at $47.00

Life360, Inc. (NASDAQ:LIF) has received a consensus recommendation of “Buy” from the eight brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $47.00.

Several analysts recently commented on the company. Stifel Nicolaus raised 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. JMP Securities lifted their price target on Life360 from $40.00 to $55.00 and gave the stock 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 company a “neutral” rating in a report on Thursday, November 7th. Finally, Canaccord Genuity Group boosted their price target on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 2nd.

Insider Buying and Selling

In other news, CEO Chris Hulls sold 556,569 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $41.02, for a total transaction of $22,830,460.38. Following the completion of the sale, the chief executive officer now owns 952,696 shares in the company, valued at $39,079,589.92. This represents a 36.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Goines sold 50,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $40.70, for a total value of $2,035,000.00. Following the transaction, the director now directly owns 76,272 shares of the company’s stock, valued at approximately $3,104,270.40. This trade represents a 39.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 632,777 shares of company stock worth $25,984,380 in the last ninety days.

Institutional Trading of Life360

Several large investors have recently modified their holdings of LIF. Point72 DIFC Ltd acquired a new stake in shares of Life360 during the 2nd quarter worth about $43,000. BNP Paribas Financial Markets acquired a new stake in Life360 during the third quarter worth approximately $98,000. MetLife Investment Management LLC purchased a new stake in Life360 in the 3rd quarter worth approximately $139,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Life360 in the 2nd quarter valued at $192,000. Finally, SG Americas Securities LLC purchased a new position in shares of Life360 during the 3rd quarter worth $246,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Life360 Stock Down 0.6 %

NASDAQ LIF opened at $42.98 on Monday. The company has a fifty day simple moving average of $44.44 and a two-hundred day simple moving average of $39.42. Life360 has a 12-month low of $26.00 and a 12-month high of $52.76.

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.