Life360, Inc. (NASDAQ:LIF) Receives $47.63 Average PT from Analysts

Life360, Inc. (NASDAQ:LIF) has been assigned an average recommendation of “Buy” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $47.63.

A number of brokerages have recently weighed in on LIF. Canaccord Genuity Group upped their target price on Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. JMP Securities boosted their price target on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. Stifel Nicolaus raised their price objective on shares of Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, UBS Group raised shares of Life360 from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $52.00 to $55.00 in a research report on Friday, January 17th.

Insider Buying and Selling

In other news, CFO Russell John Burke sold 3,104 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $46.78, for a total transaction of $145,205.12. Following the completion of the sale, the chief financial officer now directly owns 148,754 shares of the company’s stock, valued at $6,958,712.12. This trade represents a 2.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 sale, the chief executive officer now owns 952,696 shares in the company, valued at $39,079,589.92. The trade was a 36.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 638,985 shares of company stock worth $26,262,250.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hodges Capital Management Inc. bought a new stake in shares of Life360 in the 3rd quarter worth approximately $3,876,000. FMR LLC increased its position in Life360 by 6.1% in the third quarter. FMR LLC now owns 1,520,135 shares of the company’s stock worth $59,817,000 after buying an additional 86,917 shares during the last quarter. State Street Corp bought a new stake in shares of Life360 in the third quarter valued at $2,393,000. Cherrydale Wealth Management LLC purchased a new position in shares of Life360 during the 4th quarter valued at $340,000. Finally, JPMorgan Chase & Co. increased its holdings in Life360 by 295.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company’s stock worth $514,000 after acquiring an additional 9,754 shares during the last quarter. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Life360 Stock Up 2.8 %

LIF stock opened at $45.95 on Friday. The stock’s 50 day simple moving average is $44.50 and its 200 day simple moving average is $41.00. Life360 has a fifty-two week low of $26.00 and a fifty-two week high of $52.76.

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.