Life360 (NASDAQ:LIF) Given New $55.00 Price Target at JMP Securities

Life360 (NASDAQ:LIF) had its target price boosted by JMP Securities from $40.00 to $55.00 in a research report sent to investors on Thursday,Benzinga reports. The firm currently has a market outperform rating on the stock.

LIF has been the topic of a number of other reports. 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. Loop Capital lifted their price objective on shares of Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Stifel Nicolaus increased their target price 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, Jefferies Financial Group initiated coverage on shares of Life360 in a research report on Friday, August 9th. They issued a “buy” rating and a $43.00 price target on the stock. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $44.75.

Life360 Stock Performance

Shares of LIF stock opened at $41.95 on Thursday. The firm’s fifty day moving average price is $41.24. Life360 has a 1 year low of $26.00 and a 1 year high of $48.90.

Insider Transactions at Life360

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 transaction 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. The trade was a 36.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James Synge sold 3,471 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $37.34, for a total value of $129,607.14. Following the transaction, the director now directly owns 67,102 shares in the company, valued at $2,505,588.68. The trade was a 4.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 633,657 shares of company stock valued at $25,503,241 over the last ninety days.

Institutional Trading of Life360

Several institutional investors have recently made changes to their positions in the stock. Point72 DIFC Ltd acquired a new position in Life360 in the 2nd quarter valued at approximately $43,000. BNP Paribas Financial Markets purchased a new position in shares of Life360 during the 3rd quarter valued at $98,000. MetLife Investment Management LLC acquired a new position in shares of Life360 in the third quarter worth $139,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Life360 during the second quarter worth $192,000. Finally, XY Capital Ltd acquired a new stake in Life360 during the second quarter valued at $205,000.

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.