Life360, Inc. (NASDAQ:LIF) Given Average Rating of “Buy” by Brokerages

Life360, Inc. (NASDAQ:LIF) has been given a consensus rating of “Buy” by the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $47.63.

Several analysts have commented on LIF shares. Stifel Nicolaus increased their price target on shares of Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, October 28th. JMP Securities lifted their price target on shares of Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a report on Thursday, November 14th. Canaccord Genuity Group increased their price objective on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $52.00 to $55.00 in a research note on Friday, January 17th.

Insider Activity at Life360

In related news, CFO Russell John Burke sold 3,104 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $46.78, for a total value of $145,205.12. Following the transaction, the chief financial officer now owns 148,754 shares in the company, valued at approximately $6,958,712.12. This represents a 2.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Chris Hulls sold 556,569 shares of the firm’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 transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 638,985 shares of company stock valued at $26,262,250 in the last ninety days.

Institutional Investors Weigh In On Life360

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hodges Capital Management Inc. purchased a new position in shares of Life360 during the 3rd quarter valued at approximately $3,876,000. FMR LLC increased its holdings in Life360 by 6.1% in the third quarter. FMR LLC now owns 1,520,135 shares of the company’s stock valued at $59,817,000 after buying an additional 86,917 shares in the last quarter. State Street Corp acquired a new position in shares of Life360 in the third quarter worth about $2,393,000. Cherrydale Wealth Management LLC purchased a new stake in shares of Life360 during the 4th quarter worth about $340,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Life360 during the 3rd quarter valued at about $675,000. 20.00% of the stock is owned by institutional investors and hedge funds.

Life360 Stock Up 0.8 %

Shares of NASDAQ LIF opened at $47.70 on Friday. Life360 has a 12-month low of $26.00 and a 12-month high of $52.76. The stock’s fifty day simple moving average is $44.39 and its two-hundred day simple moving average is $40.66.

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.