Life360 (NASDAQ:LIF) Hits New 52-Week High - Still a Buy?

Life360, Inc. (NASDAQ:LIF - Get Free Report)'s stock price hit a new 52-week high on Monday . The company traded as high as $43.43 and last traded at $43.33, with a volume of 36962 shares traded. The stock had previously closed at $42.73.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LIF. Canaccord Genuity Group raised shares of Life360 to a "strong-buy" rating in a research note on Monday, June 17th. UBS Group upped their price target on shares of Life360 from $32.00 to $35.00 and gave the stock a "neutral" rating in a research note on Friday, August 9th. Loop Capital upped their price target 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. Jefferies Financial Group assumed coverage on shares of Life360 in a research note on Friday, August 9th. They issued a "buy" rating and a $43.00 price target for the company. Finally, JMP Securities boosted their target price on shares of Life360 from $38.00 to $40.00 and gave the stock a "market outperform" rating in a report on Friday, August 9th. 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's stock. Based on data from MarketBeat.com, Life360 presently has a consensus rating of "Buy" and an average price target of $39.75.

Life360 Trading Up 2.3 %

The company has a fifty day moving average of $37.49.

Life360 (NASDAQ:LIF - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. The business had revenue of $84.86 million during the quarter, compared to the consensus estimate of $85.00 million. Life360 had a negative net margin of 9.26% and a negative return on equity of 9.81%. Sell-side analysts expect that Life360, Inc. will post -0.29 EPS for the current year.

Insider Activity at Life360

In related news, Director Charles J. Prober sold 40,000 shares of the company's stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $32.45, for a total value of $1,298,000.00. Following the completion of the sale, the director now owns 106,742 shares in the company, valued at approximately $3,463,777.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Life360 news, Director Charles J. Prober sold 40,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $32.45, for a total value of $1,298,000.00. Following the completion of the sale, the director now owns 106,742 shares in the company, valued at $3,463,777.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Synge sold 3,471 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $37.34, for a total transaction of $129,607.14. Following the completion of the sale, the director now owns 67,102 shares of the company's stock, valued at approximately $2,505,588.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,088 shares of company stock worth $2,672,781.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LIF. Regal Partners Ltd acquired a new position in shares of Life360 during the 2nd quarter worth $23,635,000. XY Capital Ltd acquired a new position in shares of Life360 during the 2nd quarter worth $205,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Life360 during the 2nd quarter worth $5,488,000. Emerald Advisers LLC acquired a new position in Life360 in the 2nd quarter valued at $6,777,000. Finally, Point72 DIFC Ltd acquired a new position in Life360 in the 2nd quarter valued at $43,000.

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.