Life360, Inc. (NASDAQ:LIF) Short Interest Update

Life360, Inc. (NASDAQ:LIF) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 772,600 shares, a drop of 17.4% from the January 15th total of 935,200 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average trading volume of 405,200 shares, the days-to-cover ratio is presently 1.9 days.

Life360 Stock Performance

Life360 stock opened at $46.46 on Friday. The business has a 50-day simple moving average of $43.66 and a two-hundred day simple moving average of $41.68. Life360 has a 52-week low of $26.00 and a 52-week high of $52.76.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. 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 report on Monday, October 28th. 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. Canaccord Genuity Group upped their price target 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 lifted their price objective for the stock from $52.00 to $55.00 in a report on Friday, January 17th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $47.63.

Insider Buying and Selling

In other news, Director John Philip Coghlan sold 10,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.50, for a total value of $415,000.00. Following the sale, the director now directly owns 41,628 shares of the company’s stock, valued at approximately $1,727,562. This represents a 19.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark Goines sold 50,000 shares of the firm’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 transaction, the director now owns 76,272 shares of the company’s stock, valued at $3,104,270.40. The trade was a 39.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 85,520 shares of company stock worth $3,571,283 in the last three months.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LIF. WealthPlan Investment Management LLC increased its stake in shares of Life360 by 2.5% in the 4th quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company’s stock worth $412,000 after purchasing an additional 247 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Life360 by 82.3% during the 4th quarter. Ameritas Investment Partners Inc. now owns 1,072 shares of the company’s stock valued at $44,000 after buying an additional 484 shares in the last quarter. New York State Common Retirement Fund bought a new position in shares of Life360 during the 4th quarter valued at approximately $25,000. Emerald Mutual Fund Advisers Trust increased its holdings in Life360 by 0.4% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company’s stock worth $6,697,000 after acquiring an additional 736 shares in the last quarter. Finally, Corebridge Financial Inc. raised its stake in Life360 by 64.0% during the 4th quarter. Corebridge Financial Inc. now owns 5,092 shares of the company’s stock worth $210,000 after acquiring an additional 1,987 shares during the period. 20.00% of the stock is currently owned by institutional investors.

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.