Life360, Inc. (NASDAQ:LIF) Receives $47.00 Average Target Price from Brokerages

Life360, Inc. (NASDAQ:LIF - Get Free Report) has been assigned an average rating of "Buy" from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $47.00.

A number of brokerages recently issued reports on LIF. UBS Group lifted their price target on shares of Life360 from $35.00 to $50.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Stifel Nicolaus lifted their price objective on shares of Life360 from $40.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, October 28th. JMP Securities increased their target price on shares of Life360 from $40.00 to $55.00 and gave the stock a "market outperform" rating in a report on Thursday, November 14th. Finally, Canaccord Genuity Group lifted their price target on shares of Life360 from $54.00 to $58.00 and gave the company a "buy" rating in a report on Monday, December 2nd.

Insider Transactions at Life360

In other news, CFO Russell John Burke sold 3,104 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $43.97, for a total value of $136,482.88. Following the completion of the sale, the chief financial officer now owns 158,066 shares in the company, valued at $6,950,162.02. This represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Chris Hulls sold 556,569 shares of the firm's 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 completion of the sale, the chief executive officer now directly owns 952,696 shares of the company's stock, valued at approximately $39,079,589.92. This trade represents a 36.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 632,777 shares of company stock valued at $25,984,380 in the last three months.

Institutional Investors Weigh In On Life360

A number of institutional investors have recently bought and sold shares of the business. FMR LLC lifted its position in shares of 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 purchasing an additional 86,917 shares in the last quarter. Wealthstream Advisors Inc. acquired a new position in Life360 in the 3rd quarter valued at approximately $35,538,000. Millennium Management LLC purchased a new stake in Life360 in the 2nd quarter worth approximately $11,861,000. Ghisallo Capital Management LLC acquired a new stake in shares of Life360 during the 2nd quarter valued at $8,098,000. Finally, Emerald Advisers LLC grew its holdings in shares of Life360 by 6.0% during the 3rd quarter. Emerald Advisers LLC now owns 221,679 shares of the company's stock valued at $8,723,000 after acquiring an additional 12,458 shares in the last quarter. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Life360 Price Performance

Shares of Life360 stock traded up $0.63 during trading hours on Monday, hitting $43.17. The company's stock had a trading volume of 184,225 shares, compared to its average volume of 172,975. The business has a fifty day moving average of $44.49 and a 200 day moving average of $39.31. Life360 has a 1-year low of $26.00 and a 1-year 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.