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

Life360, Inc. (NASDAQ:LIF) has been given an average rating of “Buy” by the eight brokerages that are currently covering the company, Marketbeat Ratings reports. One investment 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 twelve-month price target among brokers that have updated their coverage on the stock in the last year is $47.00.

A number of brokerages recently weighed in on LIF. Canaccord Genuity Group lifted their price objective on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 2nd. UBS Group upped their price objective on Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. JMP Securities lifted their target price on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th. Finally, Stifel Nicolaus boosted their target price on Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, October 28th.

Life360 Stock Down 0.5 %

NASDAQ LIF opened at $42.75 on Monday. Life360 has a 1-year low of $26.00 and a 1-year high of $52.76. The stock has a 50-day moving average of $44.41 and a two-hundred day moving average of $39.63.

Insider Activity at Life360

In other news, Director Mark Goines sold 50,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $40.70, for a total value of $2,035,000.00. Following the completion of the transaction, the director now owns 76,272 shares in the company, valued at approximately $3,104,270.40. This represents a 39.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $43.97, for a total transaction of $136,482.88. Following the sale, the chief financial officer now owns 158,066 shares in the company, valued at $6,950,162.02. This represents a 1.93 % 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 valued at $25,984,380 over the last quarter.

Hedge Funds Weigh In On Life360

Several hedge funds have recently made changes to their positions in LIF. Point72 DIFC Ltd acquired a new position in shares of Life360 in the 2nd quarter valued at $43,000. BNP Paribas Financial Markets acquired a new position in Life360 in the third quarter valued at $98,000. MetLife Investment Management LLC purchased a new stake in shares of Life360 in the third quarter valued at about $139,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Life360 during the second quarter worth about $192,000. Finally, SG Americas Securities LLC purchased a new position in shares of Life360 during the third quarter worth about $246,000. Hedge funds and other institutional investors own 20.00% of the company’s stock.

About Life360

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.