Life360 (NASDAQ:LIF) Shares Gap Up to $35.70

Life360, Inc. (NASDAQ:LIF)’s share price gapped up before the market opened on Friday . The stock had previously closed at $35.70, but opened at $36.50. Life360 shares last traded at $36.85, with a volume of 18,265 shares.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LIF. Canaccord Genuity Group raised Life360 to a “strong-buy” rating in a report on Monday, June 17th. UBS Group increased their target price on shares of Life360 from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Jefferies Financial Group assumed coverage on Life360 in a research report on Friday, August 9th. They set a “buy” rating and a $43.00 target price on the stock. Canaccord Genuity Group started coverage on Life360 in a report on Monday, June 17th. They issued a “buy” rating and a $40.00 price target for the company. Finally, Evercore ISI raised Life360 to a “strong-buy” rating and set a $37.00 price objective on the stock in a report on Monday, June 17th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $39.75.

Life360 Trading Up 3.4 %

The firm has a 50-day moving average price of $34.92.

Life360 (NASDAQ:LIF) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $84.86 million for the quarter, compared to analyst estimates of $85.00 million. Life360 had a negative return on equity of 9.81% and a negative net margin of 9.26%. As a group, research analysts forecast that Life360, Inc. will post -0.29 earnings per share for the current year.

Insiders Place Their Bets

In other Life360 news, Director James Synge sold 3,471 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $37.34, for a total value 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. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director James Synge sold 3,471 shares of Life360 stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $37.34, for a total transaction of $129,607.14. Following the sale, the director now owns 67,102 shares of the company’s stock, valued at approximately $2,505,588.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charles J. Prober sold 40,000 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total value of $1,298,000.00. Following the sale, the director now directly owns 106,742 shares of the company’s stock, valued at approximately $3,463,777.90. The disclosure for this sale can be found here. Insiders have sold 77,088 shares of company stock valued at $2,672,781 in the last ninety days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Point72 DIFC Ltd purchased a new position in shares of Life360 during the second quarter worth $43,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Life360 during the 2nd quarter worth about $192,000. XY Capital Ltd purchased a new position in Life360 during the 2nd quarter valued at about $205,000. Point72 Asset Management L.P. acquired a new position in Life360 in the 2nd quarter valued at about $405,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Life360 during the second quarter worth about $5,488,000.

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.