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

Shares of Life360, Inc. (NASDAQ:LIF) have been given a consensus recommendation of “Buy” by the eight ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $44.75.

Several research analysts have weighed in on the stock. Jefferies Financial Group initiated coverage on shares of Life360 in a report on Friday, August 9th. They issued a “buy” rating and a $43.00 price target on the stock. Loop Capital increased their target price on Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Stifel Nicolaus boosted their price target on Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, October 28th. JMP Securities increased their price objective on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th. Finally, UBS Group lifted their target price on Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th.

Insider Buying and Selling

In other news, CEO Chris Hulls sold 556,569 shares of Life360 stock in a transaction on Friday, November 15th. The stock was sold at an average price of $41.02, for a total value of $22,830,460.38. Following the transaction, the chief executive officer now owns 952,696 shares in the company, valued at approximately $39,079,589.92. This trade represents a 36.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James Synge sold 33,617 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $37.04, for a total value of $1,245,173.68. Following the sale, the director now owns 291,944 shares of the company’s stock, valued at approximately $10,813,605.76. This represents a 10.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 643,657 shares of company stock valued at $25,918,241 over the last quarter.

Institutional Trading of Life360

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 DIFC Ltd acquired a new stake in shares of Life360 during the 2nd quarter valued at $43,000. BNP Paribas Financial Markets acquired a new position in shares of Life360 in the third quarter valued at approximately $98,000. MetLife Investment Management LLC bought a new position in Life360 in the 3rd quarter valued at approximately $139,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Life360 during the 2nd quarter worth approximately $192,000. Finally, SG Americas Securities LLC bought a new stake in Life360 during the 3rd quarter worth approximately $246,000.

Life360 Stock Performance

NASDAQ:LIF opened at $40.95 on Friday. The company has a fifty day moving average of $42.03. Life360 has a one year low of $26.00 and a one year high of $48.90.

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.