Life360 (NASDAQ:LIF) Stock Price Expected to Rise, UBS Group Analyst Says

Life360 (NASDAQ:LIF) had its price target raised by investment analysts at UBS Group from $35.00 to $50.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential upside of 3.84% from the company’s previous close.

Several other research firms have also recently weighed in on LIF. Stifel Nicolaus boosted their price objective 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 upped their target price on shares of Life360 from $38.00 to $40.00 and gave the company a “market outperform” rating in a report on Friday, August 9th. Loop Capital upped their target price on shares of Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, Jefferies Financial Group started coverage on shares of Life360 in a research note on Friday, August 9th. They issued a “buy” rating and a $43.00 price objective for the company. 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 to the company. According to data from MarketBeat, Life360 presently has an average rating of “Buy” and an average target price of $42.88.

Life360 Stock Performance

Shares of NASDAQ LIF traded up $2.36 during midday trading on Thursday, hitting $48.15. The stock had a trading volume of 161,394 shares, compared to its average volume of 240,712. The firm’s 50 day moving average is $40.03. Life360 has a 52 week low of $26.00 and a 52 week high of $48.74.

Life360 (NASDAQ:LIF) last issued its earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. The firm had revenue of $84.86 million for the quarter, compared to the consensus estimate of $85.00 million. Life360 had a negative net margin of 9.26% and a negative return on equity of 9.81%. On average, analysts forecast that Life360 will post -0.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Life360 news, Director Charles J. Prober sold 40,000 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $32.45, for a total transaction of $1,298,000.00. Following the completion of the transaction, the director now owns 106,742 shares in the company, valued at $3,463,777.90. This trade represents a 0.00 % 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. In other Life360 news, Director James Synge sold 33,617 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $37.04, for a total transaction of $1,245,173.68. Following the completion of the transaction, the director now owns 291,944 shares in the company, valued at $10,813,605.76. This trade represents a 0.00 % 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 Charles J. Prober sold 40,000 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $32.45, for a total transaction of $1,298,000.00. Following the completion of the sale, the director now directly owns 106,742 shares in the company, valued at approximately $3,463,777.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,088 shares of company stock worth $2,672,781.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LIF. Emerald Mutual Fund Advisers Trust increased its position in Life360 by 0.4% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company’s stock valued at $6,697,000 after purchasing an additional 736 shares during the period. WealthPlan Investment Management LLC lifted its stake in Life360 by 8.2% during the 3rd quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company’s stock valued at $383,000 after acquiring an additional 738 shares during the period. Point72 DIFC Ltd acquired a new stake in Life360 during the 2nd quarter valued at approximately $43,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Life360 during the 2nd quarter valued at approximately $192,000. Finally, SG Americas Securities LLC acquired a new stake in Life360 during the 3rd quarter valued at approximately $246,000.

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.