Life360, Inc. (NASDAQ:LIF) Receives Consensus Rating of "Buy" from Brokerages

Shares of Life360, Inc. (NASDAQ:LIF - Get Free Report) have been assigned an average rating of "Buy" from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $44.75.

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

Insider Activity at Life360

In related news, CEO Chris Hulls sold 556,569 shares of the company's stock in a transaction that occurred on Friday, November 15th. The shares were 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 directly owns 952,696 shares in the company, valued at approximately $39,079,589.92. This represents a 36.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles J. Prober sold 40,000 shares of the stock in a transaction on Wednesday, September 11th. The stock was 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 directly owns 106,742 shares in the company, valued at $3,463,777.90. The trade was a 27.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 633,657 shares of company stock valued at $25,503,241.

Hedge Funds Weigh In On Life360

A number of large investors have recently added to or reduced their stakes in LIF. Point72 DIFC Ltd bought a new stake in Life360 in the second quarter valued at approximately $43,000. BNP Paribas Financial Markets bought a new position in Life360 during the 3rd quarter valued at approximately $98,000. MetLife Investment Management LLC purchased a new position in shares of Life360 during the third quarter valued at approximately $139,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Life360 during the second quarter valued at approximately $192,000. Finally, XY Capital Ltd purchased a new stake in shares of Life360 in the 2nd quarter worth about $205,000.

Life360 Stock Down 4.4 %

Shares of NASDAQ:LIF traded down $1.93 during mid-day trading on Friday, hitting $41.95. 2,136,291 shares of the company traded hands, compared to its average volume of 221,470. The firm's 50-day moving average price is $41.24. Life360 has a 12-month low of $26.00 and a 12-month 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.