Life360 (NASDAQ:LIF) Shares Gap Up - What's Next?

Life360, Inc. (NASDAQ:LIF - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $42.88, but opened at $44.98. Life360 shares last traded at $45.11, with a volume of 29,513 shares changing hands.

Wall Street Analyst Weigh In

LIF has been the subject of several recent research reports. Canaccord Genuity Group raised their price objective on Life360 from $54.00 to $58.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Stifel Nicolaus raised their price objective on Life360 from $40.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, October 28th. UBS Group raised Life360 from a "neutral" rating to a "buy" rating and raised their price objective for the company from $52.00 to $55.00 in a research report on Friday, January 17th. Finally, 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 report on Thursday, November 14th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $47.63.

Life360 Trading Down 0.6 %

The firm has a fifty day moving average price of $44.08 and a two-hundred day moving average price of $41.36.

Insider Activity

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the firm's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $43.97, for a total value of $136,482.88. Following the transaction, the chief financial officer now directly owns 158,066 shares of the company's stock, valued at approximately $6,950,162.02. This trade represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Chris Hulls sold 556,569 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now directly 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. Insiders sold 638,985 shares of company stock worth $26,262,250 over the last three months.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of Life360 during the 3rd quarter valued at about $246,000. Ausbil Investment Management Ltd purchased a new position in shares of Life360 during the 3rd quarter valued at about $2,749,000. Emerald Mutual Fund Advisers Trust lifted its position in shares of Life360 by 0.4% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company's stock valued at $6,697,000 after buying an additional 736 shares in the last quarter. Emerald Advisers LLC lifted its position 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 buying an additional 12,458 shares in the last quarter. Finally, XY Capital Ltd lifted its position in shares of Life360 by 157.4% during the 3rd quarter. XY Capital Ltd now owns 16,295 shares of the company's stock valued at $641,000 after buying an additional 9,965 shares in the last quarter. 20.00% of the stock is owned by hedge funds and other institutional investors.

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.